Over-50s life insurance
What Over-50s life insurance means
Over-50s plans accept everyone in the age band with no medical questions, and cover lasts for life rather than a term. Payouts are modest, premiums are paid for life or to a set age, and most plans only refund premiums if you die within the first one or two years. They suit people who cannot get underwritten cover; healthy applicants often get more cover per pound with ordinary term insurance.