Yes, it can be possible to secure joint over 60 life insurance, but this is only possible with term or whole of life insurance.
It’s not currently possible to secure an over 50s plan on a joint basis.
A joint life insurance policy will cover two lives simultaneously, helping you to save money as you’ll only need to pay one premium.
This makes joint life insurance ideal for those on a budget.
However, a joint life insurance policy will only pay out once (usually upon the first death).
After this, the policy will expire which will leave the surviving partner unprotected and needing to arrange new cover at an older age.
For this reason, if your budget allows, it can be beneficial to secure two single policies to provide two separate pay outs.
The table below shows the price comparison between a joint policy vs two single policies.
Quotes are based on non-smokers in good health for a level term policy, with a term length of 10 years for £50,000 of cover:
Get in touch for your free joint vs single life insurance quotes to establish the best option for your needs.