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Over 50s Life Insurance

hkirkby_2
hkirkby_2 Posts: 1 Newbie
in Insurance & life assurance
The over 50s life insurance products seem like such a bad deal.
Are there any products where you won't pay in more than you get back?
Would love to find one where my money is 'safe' and I don't feel so ripped off.
Thanks, H

Comments

  • InsideInsurance
    InsideInsurance Posts: 22,460 Forumite
    10,000 Posts Combo Breaker
    If everyone paid in a lot less than they get back your insurer wont be in business for very long. Insurance is effectively a gamble.

    Are you wanting whole of life or term cover?
    Do you have any medical conditions/ seen the Dr for anything in the last few years?

    If you are well then speak to an IFA or Protection Broker about getting quotes on regular Life cover.
  • dunstonh
    dunstonh Posts: 120,350 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The over 50s life insurance products seem like such a bad deal.

    For most people it is. That is why it is generally regarded as an option of last resort.
    Are there any products where you won't pay in more than you get back?
    Savings accounts and investment products. Proper whole of life assurance could too as there are some providers that give guaranteed premiums with guaranteed sum assured.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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