Royal London provides over 50s plans for those aged 50 – 80, with no medical information required.
This makes an over 50s plan an ideal choice for those who are later on in life with less than favourable health.
At Reassured we are able to secure over 50s life insurance cover up to the age of 85 years old, if you are a UK citizen.
Due to the unknown risk you pose, most insurers include a waiting period on their over 50s plans (usually 12 – 24 months).
This means that if you pass away due to natural causes during this time, the full pay-out will not be made, although all premiums paid in will be returned.
With a Royal London over 50s plan the waiting period is only 12 months, meaning you’ll be fully insured after the first year of your policy.
Royal London offer the option to reduce your monthly payments to just £3.95 a month if you become unable to pay a higher monthly premium (your pay out amount will be adjusted accordingly).
Compare multiple over 50s plans from other providers using an FCA regulated broker service such as Reassured.