Over 50’s Life InsuranceLeave Something Behind
A straightforward way to leave a lump sum for your loved ones, which could help towards funeral costs or other expenses. We’ll help you understand how these plans work and whether one suits you.
- Honest, straightforward advice
- Cover tailored to your needs
- No-obligation review
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What is over 50’s life insurance?
Over 50’s life insurance is designed for people within an age range set by each insurer. You pay a fixed monthly premium, and a lump sum is paid when you die, provided the policy terms are met.
Many plans don’t ask medical questions, which can make them easier to arrange.
A contribution, not a funeral plan
The payout could help towards funeral costs, but it may not cover the whole bill.
How the payout could help
A lump sum can help your loved ones at a difficult time.
Funeral costs
A contribution towards the cost of a funeral.
A gift for loved ones
Money to leave to family or friends.
Final expenses
Help settling bills or other costs.
How these plans work
Features vary between insurers, so it’s worth comparing.
Eligibility
Each insurer sets its own age range and residency rules.
Guaranteed acceptance
Many plans accept eligible applicants without medical questions.
Monthly premiums
A set monthly amount. How long you pay depends on the plan.
Qualifying period
If you die from natural causes early in the policy, the full amount may not be paid.
Qualifying periods, what’s paid during them, and any extra features differ between plans. We’ll explain the details of any plan we discuss.
Important things to understand
These plans can offer simplicity and peace of mind, but they aren’t right for everyone. It’s important to weigh up the points below before deciding.
Depending on your health and circumstances, other types of life cover may offer more for your money. We’ll help you compare.
- You could pay in moreTotal premiums may exceed the eventual payout, depending on how long you live.
- InflationA fixed payout may be worth less in future.
- Stopping paymentsDepending on the policy, your cover may end with no refund or cash value.
Is it right for you?
Talking it through can help you decide.
It may suit you if…
You want a simple plan with a fixed monthly cost and a known lump sum for your loved ones.
Worth comparing
Other options, such as term life insurance, may suit some people better.
How Bright Cover helps
Patient, straightforward advice with no pressure.
Listening first
We understand what you’d like to leave behind.
Explaining clearly
Premiums, qualifying periods and payouts in plain English.
Comparing suitable plans
Options side by side, with no obligation.
Over 50’s life insurance FAQs
Answers to questions people often ask.
Who can apply?
Each insurer sets its own age range and residency rules. We’ll check eligibility for any plan we discuss.
Will I have to answer medical questions?
Many over 50’s plans offer guaranteed acceptance for eligible applicants without medical questions. This isn’t the case for every plan.
What is a qualifying period?
It’s an initial period after your policy starts. If you die from natural causes during it, many plans pay back premiums or a reduced amount instead of the full payout. Length and terms vary between insurers.
Will the payout cover the whole funeral?
Not necessarily. The payout is a fixed sum that could help towards funeral costs, but it may not cover the full cost, especially as prices rise over time.
Could I pay in more than the payout?
Yes. Depending on how long you live and how long premiums are payable, the total you pay could be more than the amount paid out.
What if I stop paying?
Depending on the policy, your cover may end and you may get nothing back, as these plans usually have no cash value.
Ready to talk through your options?
Request your free, no-obligation review and an adviser will be in touch.