Plain-English help
Understand costs, cover types, underwriting and trusts before deciding what to do next.
Group life insurance is arranged for eligible members of an employer’s scheme. The benefit, eligibility and administration depend on the scheme rules; it should not be assumed to replace personally owned protection. How employer cover is structured A benefit may be linked to salary or another scheme definition. Payment and beneficiary decisions can involve trustees […]
To claim life insurance, contact the insurer or the adviser who arranged the policy and ask what evidence is needed. There is no universal payout deadline or standard UK contestability period that applies to every policy. Find the policy and notify the insurer Have the policy number, the insured person’s details and the date of […]
Whether a life insurance claim following suicide is payable depends on the policy’s terms, the timing and the circumstances. Underwritten term insurance and guaranteed-acceptance over-50s plans can have different restrictions. Read the exact exclusion Check the policy document and schedule for the relevant period, when it starts and which events it applies to. Do not […]
When medical conditions affect an application, the initial online price may be less useful than the final terms. Insurers can assess the same history differently. Understand the underwriting decision The possible outcomes include ordinary rates, an increased premium, particular terms, a postponed decision or a decline. Life and critical illness benefits can receive different decisions. […]
Whole-of-life insurance is designed to pay on death whenever it occurs, provided the policy remains in force and the claim meets its terms. It should not be confused with a standard term policy or an investment account. What lifelong cover can be used for It may help fund a lasting financial need, such as a […]
Being over 50 does not mean an over-50s guaranteed-acceptance plan is your only option. Conventional underwritten term or whole-of-life cover may still be available, depending on your circumstances. Compare what you want the benefit to achieve A large outstanding mortgage or dependent partner may create a different need from a modest funeral contribution. Compare benefit […]
Some over-50s plans offer guaranteed acceptance without health questions, subject to the product’s age, residence and other eligibility rules. They usually provide a smaller whole-of-life benefit than conventional underwritten cover. What guaranteed acceptance does and does not mean It means eligible applicants are accepted without medical underwriting under that product’s rules. It does not mean […]
Looking for a life insurance cost calculator? It is useful to get an idea of what cover may cost, but a reliable monthly premium depends on more than the amount of money you want insured. Your age, the duration of cover, health, nicotine use and insurer-specific underwriting can all change the price. Our website currently […]
Private medical insurance over 50 can help meet eligible private treatment costs under the policy. It is different from life insurance and does not cover every medical condition or replace all NHS services. What to compare Look at inpatient and outpatient benefits, diagnostic tests, cancer cover, mental health benefits, hospital lists, excesses and claim limits. […]
What’s the best life insurance when you’re over 50? It depends on what you still need to protect. A homeowner in their early 50s with children and a large mortgage may need very different cover from someone in their late 60s who wants a smaller payout towards funeral costs. In the UK, people comparing life […]
Term insurance protects a defined period; whole-of-life insurance is intended for a lasting need. The better choice depends on the purpose of the cover, rather than one product being universally superior. Start with the end of the need A repayment mortgage may end in 22 years, while financial support for children may be needed until […]
Term life insurance can provide a defined benefit during a chosen period. Its value comes from matching the benefit and duration to a financial need, while understanding when the cover ends. A defined period of protection The policy can be arranged around a mortgage or years of family dependence. Level cover keeps the insured amount […]
