Fast Over 50’s life insurance
When you are over 50 years of age then the biggest financial security that you can have is the over 50 life insurance. It is also important as it will give your family a big financial security after your death. If your existing insurance policy expired when you were nearing 50 years of age, you need not worry! You can still get the life insurance cover.
If you are over 50 years of age you can buy the standard life insurance. But remember, the older you are, higher the insurance premiums. Before you buy over 50 life insurance you need not undergo any medical tests. These policies are generally for whole-life and the insurer pays out the lump sum amount on your death. But remember there is two years qualifying period in which the death benefit is not available.
Benefits of Over 50’s life insurance
- It is a whole of life insurance policy that is covers you until you die.
- There is fixed premium thus you need not worry about the expenses.
- There are funeral benefits offered to pay for the funeral cost.
- You will the insurance even if you have poor medical history.