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Over 50 Life Insurance Quotes
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Over 50 Life Insurance Quotes

It is quick and simple to obtain Over 50 Life Insurance quotes from numerous life insurance providers by going on line. Once you have decided which quote you wish to accept you can often even complete the life assurance proposal form online.

However, perhaps I ought to provide you with some of the features and benefits of Over 50 Life Insurance so that you can decide if this type of life cover meets your requirements. I must stress that one Over 50 Life Insurance provider may offer slightly different features and benefits to that of another provider so you should always study the documentation provided by the insurance company before deciding which Over 50 Life Cover to take out.

You can take out an Over 50s Life Insurance policy normally between the ages of 50 and 80.

The Over 50 Life Plan pays out a lump sum whenever you die - it does not matter how old you are.The proceeds of the policy can potentially be used for a variety of purposes i.e. to cover the cost of a funeral, as a gift to relatives, to pay off debts or to support your partner financially during a traumatic period.

I said earlier that an Over 50s Life Insurance plan is quick and simple to arrange. One of the reasons for this, you will be pleased to hear, is because you do not need to have a medical as part of the underwriting process and it does not matter if you have any pre existing medical conditions that may have prevented you from taking out another type of life assurance like Level Term Assurance. Therefore you are guaranteed to be able to obtain Over 50 Life Cover.

You will also be pleased to hear that the Over 50s Life Insurance proposal form only takes a few minutes to complete because you are normally only asked to provide your full name, address, date of birth, are you male or female, either how much you want to pay each month or the amount of life cover you require to be paid out, whether you are a non smoker or smoker, your bank account details for the direct debit, when you wish premiums to come out of your bank account and when you wish the policy to commence. You can often start the policy straight away.

The premium, which can start from as little as £4 per month with some Over 50 Life Cover providers, is fixed so you at least know that you should be able to maintain them. Dependent upon when you take out an Over 50s Life plan premiums are payable from the start of the Over 50 Life Plan until either you die or reach usually a maximum age of 90 whichever happens sooner. So, if you died lets say when you were 95, you would have stopped paying premiums when you reached age 90 but the Over 50 Life Policy would still pay out when you died at age 95.

However should you die of natural causes during the first 12 or 24 months (some insurance companies state 12 months but some state 24 months in their conditions) of taking out an Over 50s Life Insurance Plan the insurance company will only refund your premiums that you have paid but if you died as a result of a fatal accident the policy would pay out the sum assured. After 12 or 24 months, if you were to die from natural causes, the policy would pay out the sum assured but if you died as a result of a fatal accident the Over 50 Life Plan would pay out twice the sum assured.

You should bear in mind that this type of life assurance policy has no cash in value so if you were to stop paying the premiums and the policy were cancelled you would not get anything back. Also,in the event of your death, in certain circumstances the policy may pay out less than you have paid in.

The monthly cost of taking out this type of cover is based on your age at the time you take out the cover, how much life cover you apply for, whether you are male or female although in December 2012 life insurance companies will not be able to take gender into account and often whether you smoke or not. You may wish to obtain and compare several over 50 life insurance quotes especially bearing in mind it will not cost you anything to do so.

Having taken out an Over 50s Life Insurance Policy say when you were 55 but then say when you were 58 you felt you wished to increase the level of cover you could apply to take out another policy but keep your existing Over 50 Insurance Plan in force.

I hope that the above has given you a better understanding of Over 50 Life Insurance Plans so that when you do decide to obtain a number of over 50 life insurance quotes and study the features and benefits of this type of life policy you can more easily make your choice of life insurance provider.

You may wish to visit our website which provides access to a number of life insurance companies who can provide over 50 life insurance quotes.


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