A One Family over 50s plan is available to those aged 50 - 80 who live in the UK.
Over 50s plans are ideal for those later on in life, who may have struggled to secure life insurance due to ill health. The pay out from an over 50s plan is often used to help cover funeral expenses.
You can apply for a One Family over 50s plan online, by phone or through the post.
You can also secure a One Family over 50s plan by using our award-winning broker service.
We can help you through every step of the application process and answer any questions you may have.
You’ll be covered immediately after your application is processed and accepted. Once in place, your cover will last for life, as long as you keep up to date with your premium payments.
Premium payments stop after you turn 90
Once you reach the age of 90 you’ll no longer be required to pay your premiums and your cover will remain valid until you pass away.
If you stop paying your premiums before the age of 90, your cover will cease and you won’t be entitled to claim your money back.
As with most over 50s plans, there will be a waiting period included in your policy. With One Family, this waiting period is 2 years.
This means that if you pass away during this time, as a result of natural causes, a pay out won’t be made to your loved ones.
However, One Family will pay out 150% of the premiums you’ve paid up until your death.
The policy will also include an accidental death benefit, meaning if you pass away as a result of an accident (within the first 2 years) then 3x your cover amount, up to a maximum of £48,000, will be paid out to your loved ones.
After these two years, you’ll be fully covered and your terminal illness cover will begin.
Why not use our fee-free life insurance broker service to compare One Family over 50s plans with other leading providers?
One Family over 50s key features
Here’s a quick summary of the over 50s plan provided by One Family:
- Guaranteed acceptance to UK residents aged 50 - 80
- No need to provide medical information
- Covered for the rest of your life
- After the age of 90 premiums no longer need to be paid
- Terminal illness cover included (after waiting period has lapsed)
- Funeral Funding feature included
- Access to support services
Although One Family only accept those aged 50 - 80, at Reassured we work with other leading providers who can secure cover for those up to the age of 85.
Simply get in touch with our award-winning team who can guide you through all of your options.