Find Life Insurance for Over 65’s
Life insurance is usually associated with younger people who have families to support or would need to replace their income in the event of their death
However, more and more people are taking out life insurance over 65 and finding out just how easy it is to get cover that will benefit their families in the future
Why do I need life insurance over 65?
There are lots of reasons why you might need to take out life insurance when you’re older, such as:
If you had a term life insurance policy that has run out, or you had life insurance through your job and you’ve now retired.
You haven’t retired and you need to guarantee that your nearest and dearest would be supported if your current income was lost.
With boomerang kids returning to the nest and people having children at a much later age, you may still have dependants if you’re aged sixty five or over.
If you own a business you may want to ensure that your business goes to the right person after you pass, or that the funds are available for your business to continue.
You may want to use life insurance to pay for your funeral expenses or to pay off any outstanding debts you may have at the time of your death.
Where can I find life insurance for over 65’s?
If you want to find the best deal on life insurance over 65 then your first port of call should be the internet. These days price comparison sites are fast becoming the most popular way to search for services online and you can really make the most of them when looking for insurance deals.
When you use a comparison site you’ll be asked to input certain information that will vary from site to site but will usually include things like your age, your marital status, how many dependants you have and whether or not you have a mortgage.
Make sure you answer any questions as fully and correctly as you possible can so you are returned the most accurate results. You should also bear in mind that different comparison sites may feature different companies so visit at least three to make sure you get a really good idea of what’s out there.
Some insurance companies choose not to appear on price comparison sites at all but you can check the websites of these companies directly.
Do I need a medical check?
You can get insurance over 65 if you don’t have a medical check but bear in mind that premiums for this type of insurance are generally higher because the insurance company will not be able to measure your premiums based on your medical history.