Life insurance over 60

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Life expectancy in the UK has now reached 79.5 years for males and 83.1 years for females. In the 1970s, the average life expectancy was just 71 years.

This continued rise in our life expectancy has led to many more people investigating life insurance options for over 60s.

Life insurance over 60

If you’re 60 or over, you’re probably aware of the difficulty in securing term-based life insurance at an affordable price. Why is this?
Put simply, the bigger the risk, the higher the premium – and whether you like to admit it or not, as you get older you also become a higher risk.

However, it’s important to remember that whatever your age, most people can still qualify for life insurance – whether it be an over 50s plan, whole of life policy or traditional term-based life insurance.

When you do pass 60 though, what it does mean is that you’re probably best served shopping around to compare multiple quotes, in order to secure the best deal.

Before going any further, think about why you’re considering life insurance in your 60s. What is it you want to protect?

Many want to leave some money to their family when they die; others want to use the pay out to cover their funeral costs.

There are various policy options available to suit every need and budget. Knowing the amount of cover you require will help you identify the most suitable protection.

With us being directly authorised, we may be able to look at these options for you at possibly securing you for life and/or critical illness cover, please let us know if you’d like anymore information and we will be more than happy to help and discuss this with you.

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