New Website Makes Comparing Over 50s Life Insurance Easy

Comparing Over 50 life insurance quotes just got easier with the launch of the new specialist comparison website Over 50 Life Insurance Direct.

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London (PRWEB UK) 29 July 2014

With so many life insurance plans on offer today, it can seem daunting knowing which ones offer the best deal, which is why the launch of the new comparison website Over 50 Life Insurance Direct is such a much needed breath of fresh air.

With a clear, easy to read table, the site lists all the main over 50 plan providers along with key features of each; making the often complicated task of comparing very straightforward.

An Over 50 life insurance plan is a whole of life plan specifically designed for the over 50s. It pays out a cash lump sum when the insured person dies, which is most often used to help with funeral costs, pay off debts or leave as a gift for loved ones.

The popularity of these plans has risen over the years mainly as a result of two things:

  •     Firstly they offer a kind of ‘no questions asked’ solution, as applicants between the ages of 50 and 80 (typically) years old who live in the UK are guaranteed to be accepted, regardless of the state of their health and covered for the full cash sum after an initial period of one or two years.
  •     Secondly they are remarkably easy to understand and apply for.

It has to be said that as with most types of insurance, Over 50 plans do come with certain caveats; but just because a person within the age limit is guaranteed to be accepted, doesn’t necessarily mean that they are suitable for everyone.

For example there is a chance depending on how long a person lives, that they could pay more in monthly premiums than the cash sum paid out; also as the money is fixed, inflation will reduce its value over time so this will need to be taken into account when deciding on the amount of life cover required.

In addition to highlighting these considerations, the website also lists the additional features each over 50 plan has to offer, which saves shoppers having to trawl through individual sites comparing details.

Although plans are similar in the fact that they offer a guaranteed cash sum on death, some do come with additional ‘bells and whistles’ which can make them more appealing, dependent on individual needs.

For example Engage Mutual’s Over 50 Life Insurance plan provides the option to claim for critical or terminal illness and along with a few other providers such as Shepherds Friendly and Saga, preferential rates for non smokers.

For more information on Over 50 life insurance or to compare plans, visit http://www.Over50LifeInsurancePlans.co.uk.


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