Over 50s Life Insurance
With Confused.com, it's possible to compare policies that provide life assurance for those aged 50 and over. With these policies, acceptance is guaranteed without a medical for UK residents aged between 50 and 85. You can choose to leave a useful cash lump sum for your loved ones when you're gone, or put that sum towards funeral costs. There is no medical and your premiums will never increase as you get older or if you become ill.
You can compare over 50s life insurance policies Confused.com here.
What does over 50s assurance do?
An over 50s policy pays out a guaranteed lump sum - so your family are not left with any outstanding debts or with funeral costs. They can also be used to leave a gift to loved ones to help them to get on with their lives. Do bear in mind however that these kind of policies are not inflation linked, and may be subject to Inheritance Tax.