Get to grips with Over 50 Life Insurance

Over 50 Life Insurance offers your loved ones financial support and peace of mind, but the benefits don’t end there. Bella explains...

If you’re in mid to later life, now is the ideal time to ensure your loved ones have some financial support when you’re no longer around. A policy like Over 50 Life Insurance from Co-op is a great way to do this. It involves paying a fixed monthly premium, so that when you pass away, your loved ones will benefit from some money. This could help them in a number of ways, from settling your unpaid bills to covering some of your funeral costs, or simply be left as a gift. Ultimately, it helps give those closest to you peace of mind and financial reassurance during a difficult and stressful time.

Yes, if you’re a UK resident aged 50-80 you’re guaranteed to be accepted to take out Over 50 Life Insurance through Co-op. It’s a simple, affordable way to leave money to loved ones, and the application process is quick and easy. You won’t even have to answer any medical questions, or take any medical tests.

Many of us are feeling the squeeze at the moment, but one of the great things about this policy is its affordability. Cover costs from as little as £5 a month, depending on your age and whether you smoke. Once you sign up there are no hidden nasties either. You can relax knowing that your monthly payments won’t go up, and your cover won’t go down. You’ll get full cover after just one year, and immediately benefit from accidental death cover. That means your family feels supported even if the worst happens.

Getting a quote is really easy, and takes just two minutes.

Look out for a great choice of welcome gifts. When you buy Over 50 Life Insurance through Co-op, you can choose from a cheque for £100, an Amazon egift card worth £100 or an Argos egift Card worth £100. That’s a few birthdays sorted – or why not treat yourself! T&CS apply.

Losing a loved one can feel overwhelming, especially if

funeral costs or bills are looming. Over 50s Life Insurance from Co-op can give your dependents peace of mind during this stressful time, because 100 per cent of claims are paid, most within a day. The policy is underwritten by Legal & General, who have been protecting families for over 180 years.

Can the policy help cover funeral costs?

Yes, your payout can go towards paying for the funeral. With the average cost of a funeral in the UK spiralling to £4,450, it’s a great way to ease financial pressure and help support your loved ones.

What happens if my circumstances change?

We all know how unpredictable life can be, which is why Over 50 Life Insurance from Co-op is f lexible. If you struggle with cashf low or your circumstances change, you can lower your premiums after a year. And when you stop paying the premiums on your 90th birthday, your cover won’t just end – you can relax knowing it continues for the rest of your life.