If you are aged 50 or above and/or have suffered any ill-health you may be declined life insurance or you may not wish to disclose your full medical history or attend a health screening to get life insurance.
Many people today still have financial commitments beyond this age and the need for life cover remains. As it happens 55% of over-50s have no life cover and 80% have made no arrangements or provision for their own funeral*.
Others simply want to ensure a sum of money is left for a partner or family member or simply to help cover funeral costs.
Gardner Finance Ltd offers advice on Over-50s life insurance which is a Whole of Life insurance policy and may include additional benefits such as Health Support and Independent Care Advice.
*Source: Mintel - Whole of Life Insurance, Finance Intelligence, November 2010