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right for you then please fill out our quote form and one of our fully FSA qualified advisors will be more than happy to have a chat and give you sound, informal and independent advice in which policies best suit your requirements.
Level Term Over 50 Live Insurance
This is where your policy value remains the same throughout it’s whole term and pays out upon death.
If you are still alive when the term of the policy ends then it just expires and you no longer pay any premiums.
Decreasing Term Over 50 Life Insurance
The value of your policy decreases during the course of its term and this type of insurance policy is mainly taken out to cover the balance of your mortgage or to pay off any remaining loans, credit agreements etc.
Increasing Term Life Insurance for over 50s
Opposite to decreasing, this policy is usually increased every year to combat the effects of inflation against the value of your insurance policy.
Renewable Term Over 50 Life Insurance
A Life Insurance policy which gives you the option of renewing it at the end of its term without the need for any medical examinations. However, with some UK Life Insurance providers your policy may not be renewable at the end of its term if you are over 65.
Still unsure? Visit our UK Life Insurance Jargon Buster page which explains all the complicated insurance terminology.
Alternatively, you can visit our help / faq’s page which answers many different frequently asked questions.
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