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Over-50s and Whole Life Insurance Cover Quotes - Comparisons of UK.

Find out what you need to consider and get quotes from some of the best life insurance companies in the UK.

We are all aware of the importance of life insurance. However, over-50s insurance should always be considered. There are several reasons behind this principle. First and foremost, any loved ones will be financially protected in the event of one's death. This can drastically reduce funeral costs while giving others a measure of "breathing room" without them having to worry about expenses or bills that cannot be paid. However, there are other features of these plans that should be addressed. Let us take a look at some variables to keep in mind.

The Specifics of Over-50s Life Insurance

The biggest advantage to realise in terms of over-50s life insurance is that if you are between the ages of 50 and 85, your acceptance is guaranteed. In other words, you will not have to answer a series of medical questions as would be required with certain other policies. Upon your death, all named beneficiaries will be provided with a lump sum payment. It should be noted that this payment is not subject to taxes. This is another massive advantage of such a plan. Premiums can range from a few pounds per month up to 100 pounds or more (depending upon the policy). These are usually fixed and will not increase or decrease over time.

Whole Life

Whole life insurance plans are slightly different than over-50s policies. The primary disparity is that whole life will require the applicant to answer a series of medical questions. These can include his or her current health and lifestyle habits such as excessive drinking or smoking. Additionally, preexisting conditions may prohibit some from being approved for this option. Still, the lump-sum payouts are substantial and premiums will not usually rise over time.

Funeral Insurance/Whole Life Insurance Packages

Many policies will have clauses that contain coverage in terms of funeral costs. However, this will normally be at a fixes rate. As we have seen before, the price of any given funeral can rise over time. This is especially the case if a policy was taken out 20 years before one's death. Although there is nothing wrong with such an addendum, it should be noted that prepaid funeral arrangements will be able to adequately cover any such expenses; regardless of when they are required to be paid.

Over 50s life insurance and whole life insurance are quite common to possess as you become older. Unlike normal insurance policies, these plans are specifically intended to take care of any beneficiaries upon one's death. So, it is clear to appreciate why they are so critical. As should be expected, there are a number of providers and each will offer slightly different options. It can be tough to know which one to choose as well as to procure the most relevant advice. So, please contact us or give us a telephone call. We have experts who are very experienced within this field and we are pleased to address your questions.

To find out more about life insurance for funeral plans in the UK and a free information pack detailing the options available to you, click on the "More Information " button below and complete your details.

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