Why take out Over 50's Insurance?
Life insurance is an incredibly common type of policy that people take out to protect their family and loved ones financially when they pass away. One
of the biggest factors that can affect the price of your monthly payments is how old you are, especially when it comes to life insurance. If you were
to take out life insurance at 30, you will likely find it to be much cheaper than a policy taken out at 50.
That’s why specific over 50s insurance policies exist, and especially because a term life insurance policy isn’t suitable for everyone. Those who are over
50 are more likely to have paid off their mortgage, or to at least have a lot less to pay off. Your children may also be grown up, compared to a young
parents in their 30s with 25 years of their mortgage still to pay.