Co-op over 50
life insurance
review

Whether you take out over 50s life insurance with Co-op or any other insurer, your policy could help to cover a range of costs for your loved ones during a difficult time.

As mentioned, the maximum cover limit for Co-op over 50s life insurance is £10,000. The exact amount you can secure will depend on your personal circumstances.

It’s important to note that the cover limit for most other insurers is higher (sometimes up to £20,000), so you may be able to secure a larger amount for loved ones elsewhere.

At Reassured, we can help you compare quotes for over 50s life insurance to help you find the highest amount of cover for the lowest price we can offer.

Co-op offer additional features and benefits to customers who take out over 50s life insurance.

It’s important to check the terms and conditions of your policy to ensure whether these benefits are reflected in your policy.

Reassured can’t help you secure Co-op over 50 life insurance. However, we can offer Legal & General policies, as well as, an array of life insurance options from some top UK providers and help you make an informed decision.

Simply contact us today for your free, no- obligation quotes.

You may consider term life insurance if you want to secure larger sum assured than an over 50s plan to help cover an outstanding mortgage and/or other essential costs for your family.

However, the application includes questions about your health and lifestyle so these factors will affect your eligibility and the cost of your monthly premiums.

At Reassured, we can’t compare Co-op term life insurance, however we can compare multiple term life insurance quotes to see if this could be a good option for you.

Prices start from just £5 a month ^† , so get in touch for your free quotes.

Co-op serious illness cover

This is an optional extra (similar to critical illness cover) that can be included with your policy for an additional cost. Serious illness cover pays out a lump sum if you develop a specified serious illness during the policy term.

Co-op will pay out for the following illnesses:

1. Cancer - But not early stage cases
2. Heart attack - Where your heart pumps less efficiently
3. Multiple sclerosis - Persistent symptoms
4. Stroke - Any which causes irreversible damage to your nervous system
5. Brain tumour - Benign, requiring treatment or causing irreversible damage
6. Dementia - Permanent symptoms

Your condition will need to meet the medical definitions that Co-op has in place, and you must survive 30 days from diagnosis.

This is a single pay out which cannot be less than £1,000, and the amount you will receive is age dependent:

• 18 - 44: Up to £350,000
• 45 - 49: Up to £275,000
• 50 - 70: Up to £125,000

Co-op funeral plan

Co-op offer pre-paid funeral plans to cover a range of burials, cremations and alternative send offs. These can be secured simultaneously or instead of life cover to fund your funeral in advance.

Reassured doesn’t offer funeral plans. However, we can help you secure over 50s life insurance which can contribute towards your funeral costs.

Simply contact us to see if we can secure you a competitive quote.

Like many providers, Co-op offer a free welcome gift once you’ve secured life insurance through them.

While these offers seem enticing, you can only claim a gift if you buy life insurance directly from Co-op, which may not provide you with the cheapest deal.

Ultimately, it’s important to choose a policy based on your needs and budget. Comparing quotes from different insurers can help you find a suitable option.

Reassured are currently offering a £30 Love2Shop gift voucher when you refer a friend.

Once your referred friend has made 3 successful premium payments, you’ll be able to apply for your voucher. Vouchers are per friend you refer, but you’ll only receive one voucher if a friend secures multiple policies.

For more information, feel free to contact our award-winning team today.