Over 50’s life cover is specially designed for those between 50 and 80 to be able to take out life insurance without having to answer any medical questions or attend any medicals.
Over 50’s life cover is currently all over the media with adverts everywhere so it’s easy to think that if you are over 50, this is the right cover for you. In reality, the main reason for taking out such cover is because of the lack of medical underwriting. BUT the amounts covered are normally relatively small and the premiums are normally more expensive than for standard cover. We would carry out a full assessment to see if this really is the right cover for you because if you are in good health, a different type of cover may well be both more cost effective and suitable.