Over 50s plans, life assurance policies taken out to pay a sum sufficient to cover, say, funeral costs, are a good thing. There is no medical underwriting for one thing, so they are “simple” to set up.
But if you are over 50 and considering life assurance for any reason, you should first consider a traditional, whole of life assurance policy.
They are often cheaper than non-medically underwritten plans, could save you money and give you more cover. Some other added benefits too.
Get in touch to find out more.