Over 60 life Insurance
With dwindling pensions and the skyrocketing cost of iving, people aged 60 and over are not as financially secure as they once were, which means they may not have savings in place to cover expenses and pay off debts when they’re gone.
For this reason many people are choosing to invest in over 60 life insurance so they have the peace of mind of knowing that their family will be provided for when they pass away.
If you are considering getting over 60 life insurance then take a look at our quick guide that will help you make an informed choice.
Do I really need life insurance over 60?
Having life insurance in place is not a legal requirement so the best way to decide whether or not you need it is to consider what state your finances would be left in if you died. Perhaps you still have dependants living at home, or are still working and would need your wage to be replaced if you passed away.
You may want to ensure that when you die your funeral expenses, debts and death duties will be covered so your family won‘t need to pay for them.
You could still be paying off your mortgage and want to make sure that your partner will have the funds to stay on in your home after you have gone.
Whatever your reasons, it’s cheaper and easier than ever to find over 60 life insurance as long as you know where to look.
Where can I find over 60 life insurance?
When it comes to insurance it pays to be as well informed as possible which means finding lots of different quotes and carefully reading the small print of any policy so you know exactly what is on offer.
The easiest way to find lots of quores quickly is to use a price comparison website. To compare prices on line you’ll be asked by the site for certain information such as your age, whether or not you are married, whether you have any dependants and whether you have a mortgage.
Always answer any questions you are asked as fully and comprehensively as possible so that you get back the most accurate results. Once you’ve narrowed down the possibilities always find out the finer details of any policy so you can make sure that you are being covered for everything you need.