50+ Life Insurance

50+ Life Insurance is designed for clients over the age of 50 who do not want to undertake any medical underwriting. This type of policy is usually arranged for clients who are unable to arrange a standard life insurance or whole of life policy due to ill health.

Insurance cover starts immediately

With a 50+ policy, cover starts immediately without the need for underwriting, however the actual full benefit doesn’t normally pay out for the first 24 months of the contract.

Nominated sum assured

If the life insured does pass away during the first 24 months of the plan then usually only the premiums are paid to the estate. After the first 24 months the policy holder will receive a nominated sum assured specified at the start of the policy.

The insurance keeps work for you

The insurance then works in the same way as a Whole of Life plan and continues running until a valid claim is made.