As everyone gets into their 50s, more often than not, priorities start to change and there may be more reasons to need Over 50s life cover.
One of the main reasons people choose an Over 50’s Life Insurance Plan is to cover the cost of a funeral.
Many people are not aware that the average cost of a funeral can be as high as £5,899. With this in mind, it is essential to begin looking into Over 50s Life insurance to put your mind at rest in making sure that your loved ones won’t have to struggle with things such as funeral costs, should anything happen to you.
Many also consider leaving something behind for their families so that they can live comfortably but find it difficult to do so. Surprisingly, as many as 72% of people over 50 are not saving towards covering situations such as this.
This article will inform you about the key benefits of getting Over 50s cover with us at Quick Quote Life and why it is worthwhile for you. Our plans can be very versatile and flexible, working the way you want it to and ensuring the peace of mind you need.
For many, saving a lump sum for an unknown date and planning for the long-term could be very difficult and depending on when you pass away, it might not be the figure you want it to be. The monthly premium for the Over 50s Life Insurance plan is usually a lot more affordable than people think and it can work for most budgets. With a range of premiums available, depending on your financial situation, we can help select the right level of cover for you and your budget.
Over 50s cover has been developed around the concept of Whole of Life policies, but it is targeted specifically towards those aged between 50 and 90.
Another type of plan we have available is a Term Life Insurance policy, which has a start and an end date. With a Term Life Insurance Policy, you get protection between these dates and then once the period is over, you don’t receive anything. This is usually to ensure that mortgages are paid off or your family is looked after should anything happen to you.
Our Over 50s policy is different to the Term Life plan in that as long as you keep up with your monthly payments, if and when you die, your loved ones will receive a lump sum. This could then be used to ensure you have the send-off you deserve, to help pay towards any remaining debts or even just to provide a legacy for your family once you’re no longer here.
To find out more about Term Life cover, click here.
Here at Quick Quote Life, we have a devoted team of expert advisers, who are specialists in Life Insurance and ready to help you with any queries you might have about our Over 50s plans or any of our other policies. The advantage of coming to us is that we can look at all of the possible options for you, rather than just the one. Once you have answered a few questions for us, you will be able to get a quote instantly and all the information you require to proceed with the cover should you wish.
With an easy-to-follow process, arranging your life cover with Quick Quote Life can give you peace of mind and assurance that you have the right cover for you and everything is taken care of.
If you’d like to find out more, give us a call and we will be happy to go over the possible cover options available for you.