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.
You pay a fixed monthly premium so that when you pass away, your loved ones will benefit from some money. This could help them settle your unpaid bills, cover some of your funeral costs or simply be left as a gift. It helps give those closest to you some peace of mind and financial reassurance during a stressful time.
Can anyone take out over 50 life insurance?
Yes, anyone aged between 50 and 80 can take out Over 50 Life Insurance through Co-op. It’s a simple, affordable way to leave money to loved ones. The application process is quick and easy, and you won’t have to answer any medical questions, or take any medical tests. In fact, if you’re a UK resident, aged between 50 and 80 you’re guaranteed to be accepted. Getting a quote is really easy and takes just two minutes. And you can choose a welcome gift worth £100*. Simply visit coop.co.uk/life to get started.
How much will it cost me?
One of the great things about Over 50 Life Insurance from Co-op 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 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 can feel supported, even if the unimaginable happens.
How quickly does the policy pay out?
Losing a loved one can feel overwhelming, especially if funeral costs or bills are looming. Over 50 Life Insurance from Co-op can give your dependents peace of mind during this stressful time, because 100 percent of claims are paid, most within a day. The policy is underwritten by Legal & General, who have been protecting families for over 180 years.
What happens if my circumstances change?
Life can be unpredictable, which is why Over 50 Life Insurance from Co-op is flexible. If you struggle with cashflow, you can lower your premiums after a year. And while your 90th birthday may seem like a long time off; you’ll stop paying premiums then. Your cover won’t end though, so you can relax knowing it continues for the rest of your life.
To find out more or to start your over 50 life insurance application, visit coop.co.uk/life.
*Terms and conditions apply. Life cover is provided by Legal & General.