One thing is certain in life - I am going
to die sometime and as I am now 55 years of age that "sometime" is
getting nearer. Aren't I the cheerful one-what a way to introduce an
article about Over 50 Life Insurance.
What are the financial implications when I die - i.e. how will my
mortgage be cleared if it is not paid off before I die, will my wife
manage financially and how will my funeral be paid for? Well I have life
insurance in place to cover the first 2 things but had no savings to
pay for my funeral. I felt the solution for me was to take out further
life cover to cover the cost of a funeral but a complication was that I
had some pre existing medical conditions which made it difficult to take
out the usual types of life cover and who knows how long I will live
for.
However, after doing some research, I discovered that some life
insurance companies offer Over 50 Life Insurance plans which do not
require you to answer any health questions so it does not matter if you
have any pre existing medical conditions- they guarantee to provide life
cover.
I obtained online quotes from a number of providers of Over 50 Life
Insurance and read the Key Features document for each of their Over 50
Life plans as their features and benefits do differ slightly.
To get an Over 50 Life Insurance quote all I had to provide was my
date of birth, male, non smoker and that I wanted to pay £10 per month.
