Life Insurance Premiums

If you are over 50′s, there are affordable ways to prepare for the future.

With over 50s life insurance cover there is guaranteed acceptance- and in most cases there is no need for a medical check up. Its easy to find coverage as you can apply online to get a quote.

Can can choose the plan that you an afford and the coverage depends on the level of cover you want. Monthly payments are clear and premiums are always the same month to month, and are guaranteed never to rise once your plan starts.

It is one of the simplest ways to leave your family a guaranteed tax-free cash lump sum after you die to put towards funeral expenses and outstanding debts.

The key benefits in having a Life Cover for over 50′s:

1. No Medical or health questions
2. Monthly payments stay the same after you sign the policy
3. Guaranteed tax-free cash lump sum
4. All application will usually be processed within 71 hours
5. You have have peace of mind.

The advantages to Universal Life Coverage are the policy has the potential for cash value to earn more than the minimum interest rate. Also the premium amounts and death benefits are flexible. You may be able to change the amount of your payments or your death benefit after you buy the policy. You can also increase your coverage by paying larger premium but you will be required to answer health questions or get a physical to increase the benefits on your policy.

It is possible that the cash value could grow faster than is needed to pay the cost of insurance. In most cases the policy holder can choose how that money is used. Talk to your agent about the options that are available.

Your Universal Life Insurance policy has 2 death benefit options:

1. Level death benefits is equal to the policy’s face value

2. Increasing death benefit is equal to the policy’s face amount plus the policy’s account value. The premiums will be higher for option 2.

Read and understand your policy.