When you’re thinking about buying Over 50s Life Insurance, it’s likely the first thing you’ll consider is cost – how much will it cost you and how much you'll want to leave.

To help you get a better idea of how our Over 50s Fixed Life Insurance could work for you, we’ve created some examples below to show what a plan might pay out under different circumstances.

Take a look at some examples below:

Figures are correct as at 16 February 2021. These illustrations are examples. Quotes take account of each customers individual circumstances.

  • Paul

    Paul wants to leave a sum of money as a gift to his loved ones after he passes away.

     

    Paul's age taking out the policy 73
    Chosen monthly premium £25
    Tobacco, e-cigarette or nicotine replacement use in past 12 months None
    Cash sum on death* £3,148

    *The full cash sum is payable after one year of starting the plan.

    How much might the plan cost Paul?

     

    Age at death 78
    Total premiums paid over 6 years £1,800
    Total cash sum paid out on death £3,148

     

  • Jack

    Jack has a sum of money in mind that he'd like to leave and has decided that the premium is affordable for him

     

    Jack's age taking out the policy 55
    Chosen monthly premium £34
    Tobacco, e-cigarette or nicotine replacement use in past 12 months None
    Cash sum on death* £9,336

    *The full cash sum is payable after one year of starting the plan.

    How much might the plan cost Jack?

     

    Age at death  75
    Total premiums paid over 20 years £8,160
    Total cash sum paid out on death £9,336
  • Wendy

    Wendy would like to leave a sum of money to help pay for her funeral.

     

    Wendy's age taking out the policy 70
    Chosen monthly premium £20
    Tobacco, e-cigarette or nicotine replacement use in past 12 months Regular smoker
    Cash sum on death* £1,673

    *The full cash sum is payable after one year of starting the plan.

    How much might the plan cost Wendy?

     

    Age at death 80
    Total premiums paid over 10 years £1,800
    Total cash sum paid out on death £1,673

     

  • Shaleen

    Shaleen would like to leave £1,000 for each of her three children when she passes away.

     

    Shaleen's age taking out the policy 65
    Chosen monthly premium £27
    Tobacco, e-cigarette or nicotine replacement use in past 12 months Occassional
    Cash sum on death* £3,051

    *The full cash sum is payable after one year of starting the plan.

    How much might the plan cost Shaleen?

     

    Age at death 73
    Total premiums paid over 8 years £2,592
    Total cash sum paid out on death £3,051