HOW MUCH LIFE INSURANCE DO I NEED?
It depends on your individual circumstances. You may want to think about leaving a lump sum to your dependants or help clear an outstanding mortgage on your death. If you'd like more help get in touch and speak to a financial adviser.
WHAT'S THE DIFFERENCE BETWEEN LIFE INSURANCE AND OVER 50S LIFE INSURANCE PLANS?
Life insurance is designed to pay out a cash sum if you die during your chosen period of cover, which is a maximum of 50 years, but the policy must end before your 90th birthday. Life insurance is underwritten so during the application process we'll ask questions about your medical history, occupation and lifestyle. Over 50s Life Insurance is designed to cover you until you die no matter when death occurs, providing you have held the plan for more than one year. To apply, you must be aged 50-80 and a UK resident. Over 50s life insurance is not underwritten so you wont be asked any medical or health questions. There are other important factors that you need to be aware of on both types of plan, so please contact us to speak with an Adviser.
CAN I CANCEL MY POLICY IF I NO LONGER NEED IT?
Yes, you can cancel your policy. If you cancel within 30 days from the start of the policy we'll return any premiums paid. If you cancel after 30 days you won't get anything back.