We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Does anyone have or is it worth getting insurance beyond 65/70?

I have Life with CIC (175k) until age 70 and PHI (£2.5k) until age 65, both level term. Apart from changing the figures, is it really worth me changing them to go beyond this age?

I have noticed the prices of both have gone up around 20% since I took them out years ago and now wondering if I should review given the current climate. 

Comments

  • Weighty1
    Weighty1 Posts: 1,218 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    You can't get PHI beyond age 70 as that is the maximum expiry age for all companies.
    CIC......I'd suggest that not many have it beyond age 70.  Not only is there often no financial need for it but the cost at a time when most are in retirement and only have a pensionable income to support them makes it un-financially viable.  Plus, the number of providers offering CIC beyond age 70 really starts to drop off, leaving you not much choice.
    Life cover, plenty have it beyond age 70, but do you have a need to have it beyond this term?
  • IAMIAM
    IAMIAM Posts: 1,394 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    Thanks for this. I'll stay as is. 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.