Protecting your payout
There’s no doubt that when you take out over 50s life insurance, you intend to pay for it. But circumstances can change.
Our fairer cover
If you need to stop paying, your family can still get at least half of the payout when you die, as long as you’re at least halfway through paying for your policy. That’s halfway from the start of the policy until the policy anniversary date after you turn 90.
How long do I pay for?
Some over 50s insurance providers ask you to pay for the rest of your life, however long that is. With us, you pay to the policy anniversary date after you turn 90, or until you die, whichever comes first. Either way, you'll be covered for life.
How it works
Getting a payout - Jane
Jane takes out cover when she is 60. When she is 75, she finds that she can no longer afford to keep making her payments. By then she has been paying for 15 years – that’s halfway through paying for her policy. From this point whenever Jane passes away, her family will still get half the payout amount.
Missing out on a payout – Peter
Peter takes out cover when he is 50. Unfortunately, he hits a bad patch when he is 68 and can’t keep up his payments. To stay fully covered he needs to pay until he’s 90 – that’s 40 years. But he stops paying after 18 years, which is less than halfway. So unfortunately his family will not get a payout when he dies.
Stopping after you’re halfway
After you reach halfway, the more payments you make before stopping, the bigger the payout for your family.
Keeping you protected
It’s what we want for you and your family. If times do get tough, you can talk to us about reducing your payments.
50 to 80 year old, UK residents only. Inflation reduces value of the payout amount. No cash-in value. Only pays out on death. If monthly payments stop, cover will reduce or end. Total monthly payments paid could exceed the payout. Full cover after 12 months.