How can over 50s life cover help me?

Over 50s Life Insurance

Over 50s Life Insurance

Few of us want to think too deeply about what will happen to our loved ones when we’re gone – but at Engage Mutual, we know that there comes a point in everyone’s life where it becomes an increasingly pertinent topic. Rather than allowing it to become something morbid that brings on sad thoughts or distressing feelings among your relatives, getting your affairs in order can be an empowering and comforting thing to do – and for some, this might include looking at over 50s life cover.

Some peace of mind with over 50s life insurance?

With this type of insurance in place, many people find they enjoy some peace of mind that those closest to them will be given some help when they’re gone. This could be a wife or partner or even children or other relatives such as grandchildren or nephews. A whole host of things can need to be paid for once you’re no longer around, including helping towards unpaid bills or those little expenses that crop up unexpectedly. However, it’s important to note that over time, inflation can reduce the buying power of the amount payable.

Will my application depend on a medical? How does it work?

With Engage Mutual, you’re guaranteed to be accepted without a medical if you are a UK resident aged between 50 and 80 years old, so this is nothing to worry about at all. If you pass away within the first two years, you can expect to receive 150% of the premiums you’ve already paid. It will be three times the sum assured if your passing came about as the result of an accident – up to a limit. The full sum assured is payable on death after the policy has been in force for two years.

Is it easy to apply?

Once you’ve reached your twilight years, you may not want to accumulate masses of paperwork or make phone calls to provider after provider to try and secure a good over 50s life insurance deal. However, it is essential for you to make sure the cover you choose is the best one for you, but the convenience of applying online may make the overall process much easier.
What’s more, if you do choose an over 50s life cover plan from Engage Mutual, you can also expect to receive a free welcome gift, which could include vouchers for a high street store or a digital radio (terms and conditions apply). With some peace of mind and no need for a medical, getting over 50s life insurance for the benefit of those closest to you could end up being a very straightforward thing to do.

Please remember that this is not a savings plan and will only pay out when you die. You may pay more in premiums than the plan would pay out on death; this depends on how long premiums are paid for.