Many people in their 50′s are concerned about leaving their family unable to pay the bills if they die. Many of these people also think they are too old for life insurance and might not get accepted. Well this is simply not true and there are policies available that offer over 50 life insurance with guaranteed acceptance with no medical.
First of all we will point out that unless you have serious health issues you should always apply first of all for life insurance that is underwritten, the reason being is, if you are accepted then you are likely to get a much higher death benefit than from a policy where you are guaranteed to be accepted. Another reason is the policies that guarantee acceptance only pay a full claim after a period of time, with some insurance companies it is 12 months, but others it is 24 months. You can apply for over 50 life insurance online through one of the many prices comparison websites that are on the internet.
If you do have serious health issues or cannot face going for a medical then you can apply for one of the guaranteed acceptance and no medical policies that are on the market. Sometimes peace of mind that you do not need to have a medical is worth paying a higher premium for. These policies do have some useful features are here are just a few of them:
- Guaranteed cash lump sum
- Full cover after 12 months
- Payments fixed for the duration of the contract
- No medical
- Premiums from as low as £5
Also some of these plans even give you a free gift once you have paid some premiums, often something like £30 of vouchers for one of the major retail outlets.
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