Over 50’s Life Insurance is a type of insurance that runs from age 50 and above for the rest of your life. It is a simple way to leave your loved ones money when you die, as a gift or to help with funeral costs

Over 50’s Life Insurance is a type of insurance that runs from age 50 and above for the rest of your life. It is a simple way to leave your loved ones money when you die, as a gift or to help with funeral costs.

Over 50s life insurance can be taken out if you’re aged between 50 and 80. You pay an agreed monthly premium, and as long as you’ve paid the premiums, when you pass away, your loved ones will receive a cash sum.

By placing your policy into trust you can avoid the payout becoming liable to inheritance tax. You can also name your chosen beneficiaries – the person or persons you wish to receive the payout.

You might need over 50’s Life Insurance if…

• You have dependents (children, your partner) that rely on you financially
• You have a mortgage to pay off that would need covering financially if you passed away
• You need cover for your funeral expenses should you pass away
• Important thing to know about Over 50’s Life Insurance
• An over 50’s policy only pays out when you die. It cannot be cashed in at any time
• If you stop paying your premiums your insurance will end and expire.
• There is no medical required 
• You are guaranteed to be accepted if you are a UK resident aged between 50 and 80
• Your premiums will stop when you reach 90 years old but the cover will still remain in place.

At LizziesLife, we offer many options to help you find the best insurance for you and your family. If you know what you need, you can get a quote online yourself or book a call with one of our qualified advisers.