Buying a house for the first time can seem daunting, especially if you’re unsure what you’re letting yourself in for. After all, there’s a lot
Buying a house for the first time can seem daunting, especially if you’re unsure what you’re letting yourself in for. After all, there’s a lot
Deciding on the right policy for you can be tricky, we get it.
If your health is a concern, and you anticipate a shorter lifespan, considering over 50s life insurance could be beneficial. These plans often skip medical checks, allowing you to contribute less than the eventual pay-out. However, exploring alternative ways to finance a funeral or create a lump sum is advisable before deciding.
One Family are UK Mortgage Centres trusted Over 50s Insurance provider.
It’s a life insurance plan tailored for individuals aged 50 to 80 (or 49 to 85 in certain instances) it aims to mitigate the financial stresses for your loved ones in the event of your passing.
By making monthly payments, the policy ensures that upon your death, a lump sum is provided. This sum can be utilised to address various financial needs such as mortgages, debts, outstanding bills, funeral expenses, or can serve as a gift to your beneficiaries.
It’s a life insurance plan tailored for individuals aged 50 to 80 (or 49 to 85 in certain instances) it aims to mitigate the financial stresses for your loved ones in the event of your passing.
By making monthly payments, the policy ensures that upon your death, a lump sum is provided. This sum can be utilised to address various financial needs such as mortgages, debts, outstanding bills, funeral expenses, or can serve as a gift to your beneficiaries.
It’s important to understand that all policies designed for individuals over 50 falls under the category of whole-of-life policies. This guarantees a pay-out upon your death, regardless of when it occurs. Compared to other life insurance policies with term-based limitations, whole-of-life policies do not expire.
Due to the assured pay-out, insurance providers can set premiums without asking details of your medical history. They mostly rely on your age and statistical data to calculate the premium amount.
This simplifies the process and ensures a straightforward determination of your monthly payable amount.
No providers will ask you for a medical check however, some may ask you some medical information around your lifestyle such as how often do you exercise and smoking status
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UK Mortgage Centre is a trading style of Refresh Mortgage Network Limited. Refresh Mortgage Network Limited is authorised and regulated by the Financial Conduct Authority. FRN – 826982. Registered in England & Wales: 11614569. As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages. The Financial Conduct Authority does not regulate will writing and taxation and trust advice.
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The guidance and/or advice obtained within our website is subject to the UK Regulatory Regime and is therefore primarily targeted at customers in the UK
