50pluslife.co.uk Reviews

Based on looking at the website, 50pluslife.co.uk appears to be a specialized online platform offering life insurance solutions specifically designed for individuals aged 49 to 80 in the UK.

The site focuses on providing accessible and straightforward life cover without the need for medical exams or extensive health questions, aiming to give peace of mind by helping families cover funeral costs, clear debts, or leave a financial gift.

This review will dissect various aspects of their offering, from the application process to customer service and policy details, to provide a comprehensive understanding of what 50 Plus Life brings to the table for its target demographic.

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Understanding Over 50s Life Insurance

Over 50s life insurance is a unique financial product tailored to a specific age group, offering guaranteed acceptance regardless of health.

It’s distinct from traditional life insurance policies, which often require extensive medical underwriting.

What is Over 50s Life Insurance?

This type of policy is designed for individuals typically aged 50 and above, offering a straightforward way to secure a fixed sum payout upon death.

The primary purpose is often to cover funeral expenses, clear minor debts, or leave a small inheritance.

Unlike standard life insurance, which assesses risk based on health and lifestyle, over 50s policies typically offer guaranteed acceptance to eligible age groups without medical questionnaires or examinations.

This makes them highly accessible for those who might otherwise struggle to obtain cover due to age or pre-existing health conditions.

The focus is on simplicity and providing a safety net for loved ones during a difficult time.

Why Choose Over 50s Life Insurance?

The appeal of over 50s life insurance lies in its accessibility and the peace of mind it offers.

For many in this demographic, it’s about ensuring their final wishes are honored without burdening their family with unexpected costs.

• Guaranteed Acceptance: Perhaps the biggest draw, there are no medical exams or health questions. If you’re within the age bracket 49-80 for 50 Plus Life, you’re guaranteed to be accepted. This removes a significant barrier for many older individuals.
• Funeral Cost Coverage: A major concern for many is the rising cost of funerals. A policy can provide a lump sum to cover these expenses, preventing loved ones from facing financial strain during bereavement. According to SunLife’s Cost of Dying report 2024, the average cost of a basic funeral in the UK is £4,149.
• Debt Repayment: The payout can also be used to clear any outstanding debts, such as credit card balances or small loans, ensuring beneficiaries aren’t left with these liabilities.
• Leaving a Gift: Some individuals use these policies to leave a small financial gift for their children or grandchildren, a final gesture of love and support.
• Simplicity: The application process is generally very simple and quick, often requiring just a phone call or an online form.
• No Investment Risk: Unlike some financial products, the payout is a guaranteed sum, offering predictability.

How Does it Differ from Standard Life Insurance?

The fundamental differences lie in underwriting, policy term, and coverage amount. Cvwizard.com Reviews

• Underwriting: Standard life insurance is heavily underwritten, meaning premiums are determined by health, lifestyle smoking, drinking, hobbies, and medical history. Over 50s policies bypass this, offering guaranteed acceptance.
• Policy Term: Standard policies can be term-based covering a set period or whole-of-life covering your entire life. Over 50s policies are almost exclusively whole-of-life, though payments may stop at a certain age e.g., 90 while cover continues.
• Coverage Amount: Standard policies can offer substantial payouts, often hundreds of thousands or even millions of pounds. Over 50s policies typically offer smaller sums, usually up to £20,000, designed for specific purposes like funeral costs rather than large-scale wealth transfer.
• Maturity Period: Many over 50s policies have a waiting period e.g., 12 or 24 months where only accidental death is covered. Full coverage for death by any cause usually begins after this period. 50pluslife.co.uk mentions a 12-month full coverage activation.

The 50pluslife.co.uk Promise: What They Offer

50pluslife.co.uk positions itself as a user-friendly and reliable provider of over 50s life insurance.

Their website highlights several key benefits intended to attract and reassure potential customers.

Guaranteed Acceptance and No Medicals

One of the cornerstone promises from 50pluslife.co.uk is the guaranteed acceptance for UK residents aged 49-80. This is a significant differentiator from traditional life insurance.

• No Medical Exams: You won’t be asked to undergo any medical tests or blood work. This removes a common barrier for older applicants who might have pre-existing conditions or simply prefer to avoid medical assessments.
• No Health Questions: Beyond confirming whether you smoke, the website explicitly states there are no extensive health questions. This simplification streamlines the application process considerably. For those concerned about disclosing complex medical histories, this is a major advantage.
• Age Range: The strict age range of 49-80 ensures their product is highly targeted. This specialization allows them to simplify their underwriting process, as they are pooling risk within a very defined demographic.

Immediate Accidental Death Cover & 12-Month Full Coverage

While guaranteed acceptance is key, it’s crucial to understand the nuances of the coverage start date.

• Immediate Accidental Death Cover: From day one of your policy, 50pluslife.co.uk provides immediate accidental death cover. This means that if death occurs due to an accident, the sum assured is payable immediately, and in fact, they offer twice the payout for accidental death claims. This is a significant immediate benefit, offering some level of protection right from the start.
• Full Coverage After 12 Months: For death by any cause including natural causes or illness, full coverage typically begins after a 12-month waiting period. This is a standard feature for most over 50s life insurance policies. If death occurs within this initial 12-month period due to non-accidental causes, typically all premiums paid are refunded to the estate, though 50pluslife.co.uk doesn’t explicitly state this on their homepage, it’s common practice for such policies. It’s essential for applicants to be aware of this initial moratorium period.

Simplicity and Customer Service

The website emphasizes ease of arrangement and strong customer support.

• Easy to Arrange: The process is described as “one simple phone call” where you can “be covered in minutes.” This highlights their commitment to a streamlined, hassle-free customer journey. For many older individuals, avoiding complex online forms or lengthy paperwork is a huge plus.
• UK-Based Sales Team: 50pluslife.co.uk states that their sales team is based in the UK and readily available to assist with questions or concerns. This local presence can build trust and provides reassurance that help is just a phone call away 0800 023 9391.
• 48-Hour Claims Promise: This is a notable commitment. 50pluslife.co.uk promises to pay out approved claims within 2 business days of receiving correctly completed claim documentation. If they fail to do so, they will pay an extra £250 to the beneficiary. This demonstrates a strong focus on efficient and timely service during what is often a very difficult time for families.

The Application Process: Getting Covered

One of the main selling points of 50pluslife.co.uk is its promise of an easy and straightforward application process. Let’s break down what that entails.

Getting a Quote

The initial step is designed to be quick and accessible.

• Online Form: The website prominently features “Get A Quote” buttons. Clicking these leads to a short online form where you likely provide basic details like your age, smoker status, and desired premium amount. This initial digital interaction allows potential customers to get an immediate sense of potential costs without committing.
• No Obligation: The quotes are advertised as “fast, free, and no obligation.” This encourages users to explore their options without feeling pressured.
• Personalized Options: While the online form provides a starting point, the detailed discussion about coverage and premiums typically happens during the subsequent phone call. This blended approach caters to both digital convenience and the need for human interaction when discussing a significant financial product.

The Role of the Phone Call

While the website initiates the process, the phone call is integral to finalizing the policy.

• Conversation with a Friendly Team Member: After submitting the online form, or by directly calling their freephone number 0800 084 3402, customers are encouraged to speak with a UK-based team member. This human interaction is crucial for clarifying policy details, addressing specific concerns, and ensuring the customer understands what they are purchasing.
• Tailored Advice: During this call, the team can help you select the appropriate monthly premium within their limits £5-£100 and understand how that translates to the maximum cover amount up to £20,000 across all plans. They can also discuss the “Increasing Benefit Option” to help protect against inflation, which is an important consideration for long-term policies.
• Same-Day Cover Conditions Apply: The website states you can “Get cover in place on the same day.” It’s important to remember this refers to the accidental death cover. Full coverage for all causes of death will commence after the 12-month moratorium period. The ability to get immediate accidental cover provides a tangible benefit quickly.

What Information Will Be Required?

The process is simplified, but some essential details will be needed to set up your policy.

• Age and UK Residency: To confirm eligibility within the 49-80 age bracket and that you are a UK resident.
• Smoker Status: This is the only health-related question asked, as it directly impacts premium calculations. Smokers typically pay higher premiums due to increased health risks.
• Desired Monthly Premium: You’ll choose a monthly payment amount between £5 and £100. This directly influences the sum assured you will receive.
• Personal Details: Standard information like your name, address, date of birth, and contact details will be required for policy administration and identity verification.
• Payment Details: To set up direct debit for your monthly premiums.

The emphasis on no medicals and limited health questions is a significant selling point, making the application process far less daunting than traditional life insurance. Buyagift.co.uk Reviews

Policy Details and Terms

Understanding the intricacies of any insurance policy is crucial.

50pluslife.co.uk provides information on various terms and conditions that directly impact the value and effectiveness of their over 50s life insurance.

Premium Structure and Cover Limits

The financial mechanics of the policy are relatively straightforward, based on your age, smoker status, and chosen monthly premium.

• Flexible Monthly Premiums: Customers can choose a monthly payment between £5 and £100. This flexibility allows individuals to align their policy with their budget. It’s important to note that the chosen premium directly dictates the final payout amount.
• Maximum Cover Amount: The maximum cash value across all 50 Plus Life insurance plans is £20,000. This cap is typical for over 50s life insurance, as these policies are generally designed for specific, smaller financial needs rather than large-scale estate planning. For example, a 60-year-old non-smoker paying £20 a month might receive a payout of around £5,000-£6,000, while a higher premium would yield a greater sum, up to the £20,000 limit.
• Age and Smoker Status Impact: As with most insurance, your age at the time of application and whether you smoke will influence how much cover your chosen premium can buy. Younger non-smokers will typically get a larger payout for the same monthly premium compared to older smokers, as their life expectancy is actuarially longer.

Inflation and the Increasing Benefit Option

Inflation is a silent erosion of purchasing power, and its impact on a long-term fixed sum policy can be significant.

• Inflation’s Effect: The website acknowledges that “Inflation may reduce value of cover.” This is a critical point. A £5,000 payout in 20 years will have significantly less purchasing power than £5,000 today. For instance, with an average inflation rate of 3%, £5,000 today would be worth only approximately £2,768 in 20 years.
• Increasing Benefit Option: To combat this, 50pluslife.co.uk offers an “Increasing Benefit Option.” While details aren’t fully elaborated on the homepage, such options typically involve a small annual increase in your premium in exchange for a corresponding increase in your sum assured. This helps the policy retain its real value over time. It’s crucial for applicants to inquire about the mechanics and costs of this option to understand its full benefit. For example, some policies might offer a 3% increase in premium for a 3% increase in cover annually, ensuring the payout keeps pace with the cost of living.

Payment Duration and Potential Outcomes

Understanding how long you pay and the potential return is vital for managing expectations.

• Payments Until Age 90: Unlike some policies that might require payments for the entire duration of your life, 50pluslife.co.uk states that you will pay your chosen amount every month until you turn 90. This provides a definitive end date for premium payments, which can be appealing for long-term financial planning.
• Paying In More Than Payout: The website clearly states, “Depending on how long you live for, you could pay in more than is paid out.” This is a fundamental aspect of any whole-of-life insurance policy, especially those with guaranteed acceptance. For example, if you start a policy at 50, pay £20/month for 40 years until age 90, you would have paid £9,600. If your sum assured was £8,000, you would have paid more than the payout. This scenario is more likely if you live significantly longer than the average life expectancy for your demographic, or if you cancel the policy early.
• No Cash-In Value: If you stop your monthly payments, the policy will lapse, and “you will get nothing back.” Over 50s life insurance policies typically do not build up a cash-in value, meaning they are not savings or investment products. Their value is solely in the payout upon death. This is an important distinction to understand before committing to the policy.

Customer Reviews and Reputation

Customer testimonials and external ratings offer valuable insights into a company’s performance and reliability.

50pluslife.co.uk actively displays customer feedback on its homepage.

On-Site Testimonials

The 50pluslife.co.uk homepage features several customer testimonials, each with a name, verification status, and date of experience.

• Positive Sentiment: The testimonials displayed are overwhelmingly positive, with customers like Richard Millward praising the clear explanation of details, Doris Barker expressing happiness with the deal and phone service, and Andrew commending the “best conversation” and helpful choices.
• Focus on Service: A recurring theme in these reviews is the quality of customer service, particularly the helpfulness and clarity of the phone conversations. This aligns with 50pluslife.co.uk’s emphasis on a simple, human-centric application process.
• “Verified” Status: The inclusion of a “Verified” badge next to customer names suggests these reviews are genuine and have been confirmed by a third party or the company itself as legitimate customer feedback.

External Ratings Trustpilot Example

While the website displays its own selected testimonials, it also highlights an aggregate rating from a prominent review platform.

• “Excellent” Rating 4.9 out of 5: The website proudly states, “We are rated Excellent: 4.9 out of 5.” This indicates a strong overall performance based on a larger volume of customer feedback, likely from a platform like Trustpilot though not explicitly named, this format is typical. A 4.9 out of 5 rating is exceptionally high and suggests consistent customer satisfaction.
• Industry Benchmarks: In the financial services sector, and particularly for insurance providers, maintaining such a high rating requires consistent effort in customer service, clear communication, and efficient claims processing. It suggests that the positive experiences highlighted in the on-site testimonials are representative of a broader customer base. For comparison, many leading insurance providers often hover around 4.0-4.5 stars on review platforms. A 4.9 rating places 50pluslife.co.uk at the top tier for customer satisfaction.

Common Themes in Positive Reviews

Analyzing the common threads in positive feedback can reveal a company’s strengths. Try.nervaibs.com Reviews

• Clarity and Simplicity: Many customers appreciate how easy it is to understand the policy details and the overall process. This is vital for insurance, which can often be complex.
• Helpful and Friendly Staff: The UK-based sales team receives frequent praise for their professionalism, approachability, and willingness to explain everything thoroughly.
• Efficient Process: The ability to get a quote and potentially cover in place quickly is a significant plus for many customers.
• Peace of Mind: Ultimately, the primary benefit cited is the sense of security and peace of mind derived from having cover in place for loved ones.

It’s important for prospective customers to look at external review sites directly to get a complete picture, including any less favorable reviews, to balance the perspective.

However, the prominent display of a high aggregate rating suggests a generally positive customer experience.

Regulatory Compliance and Underwriting

In the financial services sector, regulatory compliance is paramount to ensure consumer protection and trust.

50pluslife.co.uk provides clear information regarding its regulatory status and the underwriting entities involved.

Smarter Cover Limited and FCA Regulation

50pluslife.co.uk operates under the umbrella of Smarter Cover Limited, a company authorized and regulated by the Financial Conduct Authority FCA.

• Registered Trading Name: 50 Plus Life is explicitly stated as a “registered trading name of Smarter Cover Limited.” This clarifies the legal entity behind the brand.
• Company Registration: Smarter Cover Limited is registered in England and Wales under company number 07123871, with its registered address at 243 Brooklands Road, Weybridge, Surrey, KT13 0RH. This provides transparency about the company’s legal registration.
• FCA Authorization: Crucially, Smarter Cover Limited is “authorised and regulated by the Financial Conduct Authority FCA and is entered on the Financial Services Register under reference 556053.” The FCA is the UK’s financial regulatory body, responsible for ensuring that financial markets are honest, fair, and effective for consumers. Being FCA regulated means the company adheres to strict rules regarding consumer protection, fair treatment, and financial stability. This provides a significant layer of security and trust for customers, as they have recourse through the FCA if issues arise.

iptiQ Life S.A. UK Branch: The Underwriter

While Smarter Cover Limited acts as the intermediary and administrator, the actual insurance risk is carried by an underwriter. In this case, it’s iptiQ Life S.A. UK Branch.

• Role of Underwriter: The underwriter is the entity that assesses and accepts the financial risk of insuring policies. They are ultimately responsible for paying out claims.
• iptiQ Life S.A. Details: iptiQ Life S.A. is a public limited company incorporated and registered in Luxembourg, regulated by Le Commissariat aux Assurances. Its UK Branch is registered in England and Wales under registration number BR017015, with its registered office at 30 St Mary Axe, London EC3A 8EP.
• PRA and FCA Regulation UK Branch: iptiQ Life S.A. UK Branch is authorized by the Prudential Regulation Authority PRA, which supervises banks, building societies, credit unions, insurers, and major investment firms. It is also subject to regulation by the Financial Conduct Authority FCA and limited regulation by the PRA. This dual regulation ensures that the insurer is financially sound and adheres to conduct rules.
• Global Presence: iptiQ Life S.A. is part of the Swiss Re Group, one of the world’s leading wholesale providers of reinsurance, insurance, and other insurance-based forms of risk transfer. This connection to a major global financial institution can add another layer of confidence in the financial backing of the policies.

Importance of Regulation

For consumers, robust regulation is a critical factor when choosing a financial product provider.

• Consumer Protection: FCA regulation ensures that firms treat customers fairly, provide clear and accurate information, and handle complaints appropriately.
• Financial Stability: PRA regulation of the underwriter, iptiQ Life S.A. UK Branch, means that the insurer is assessed for its financial strength and ability to meet its obligations, including paying out claims. This helps to mitigate the risk of an insurer failing.
• Dispute Resolution: In the event of a dispute that cannot be resolved directly with the company, customers have access to the Financial Ombudsman Service, providing an independent avenue for resolution.

The transparent disclosure of these regulatory bodies and corporate structures significantly enhances the credibility and trustworthiness of 50pluslife.co.uk.

Things to Consider Before Buying

While 50pluslife.co.uk offers a convenient and accessible product, it’s crucial for potential buyers to consider several factors to ensure it aligns with their financial goals and circumstances.

Payout vs. Premiums Paid

This is perhaps the most critical consideration for over 50s life insurance. Truconnect.com Reviews

• Potential for Paying More: The website explicitly states, “Depending on how long you live for, you could pay in more than is paid out.” This is a fundamental characteristic of guaranteed acceptance whole-of-life policies. Because there’s no medical underwriting, the insurer takes on a higher risk of insuring individuals who might have shorter life expectancies. To balance this, if an individual lives for a very long time, the total premiums paid can exceed the fixed sum assured.
• Example Scenario: Imagine a 50-year-old takes out a policy for a £5,000 payout, paying £15 a month. If they live to 90 40 years, they would pay 40 years * 12 months/year * £15/month = £7,200. In this scenario, they would have paid £2,200 more than the payout. However, if they pass away at 70 after 20 years, they would have paid 20 years * 12 months/year * £15/month = £3,600, receiving a £5,000 payout.
• Not a Savings Product: It’s vital to reiterate that this is an insurance policy, not a savings or investment product. It’s designed to provide a specific financial sum upon death, not to generate a return on investment.

Inflation’s Impact on Fixed Payouts

As discussed, inflation significantly erodes the real value of a fixed sum over time.

• Reduced Purchasing Power: A £10,000 payout taken out today will buy less in 20 or 30 years’ time due to the general increase in prices. For instance, if inflation averages 2.5% annually, a sum of £10,000 today would have the purchasing power of roughly £6,100 in 20 years.
• Consider the “Increasing Benefit Option”: If the primary goal is to cover future funeral costs, which are also subject to inflation, the “Increasing Benefit Option” if chosen and explained becomes highly relevant. Without it, the policy might fall short of its intended purpose if the holder lives for many decades.

No Cash-In Value

Unlike some other types of life insurance e.g., certain endowment policies, over 50s life insurance typically has no surrender or cash-in value.

• Loss of Premiums if Cancelled: “If you stop your monthly payments, you will get nothing back.” This means that if circumstances change and you can no longer afford the premiums or decide the policy is no longer needed, all previous payments are lost.
• Long-Term Commitment: This underscores the importance of choosing a monthly premium that you can comfortably afford for the long term, potentially until age 90. A lapsed policy provides no benefit and results in a loss of all contributions.

Alternative Options to Consider

While over 50s life insurance serves a specific need, it’s wise to explore other options or combine strategies.

• Whole-of-Life Policies with Underwriting: For healthier individuals, a standard whole-of-life policy which requires medical underwriting might offer higher coverage amounts for lower premiums, or the same cover for less, as the insurer has a clearer picture of the risk.
• Pre-Paid Funeral Plans: These plans allow you to pay for funeral services in advance at today’s prices, directly addressing the concern of rising funeral costs. They are distinct from life insurance, as the funds are earmarked specifically for funeral expenses and are typically held in a trust fund.
• Savings and Investments: For those with sufficient liquid assets, simply saving or investing money specifically for future expenses e.g., in a high-interest savings account, ISA, or low-risk investment fund could be an alternative. This offers flexibility and the potential for growth, though it carries market risk and requires self-discipline.
• Writing the Policy in Trust: While not an alternative, writing the policy in trust can ensure the payout goes directly to your beneficiaries without going through probate, potentially speeding up access to funds and minimizing inheritance tax though this is a complex area and professional advice should be sought.

Thoroughly considering these points will help potential customers make an informed decision about whether 50pluslife.co.uk’s offering is the right fit for their individual needs and financial situation.

The Claims Process: When it Matters Most

For any insurance policy, the claims process is where the promise meets reality.

50pluslife.co.uk provides some key information regarding how claims are handled.

The 48-Hour Claims Promise

This is a standout feature highlighted on the website, promising swift action during a sensitive time.

• Commitment to Speed: 50pluslife.co.uk pledges to process approved claims within “2 business days of receiving correctly completed claim documentation.” This commitment aims to provide beneficiaries with quick access to funds when they need it most.
• Financial Incentive for Punctuality: Crucially, if they fail to meet this 48-hour deadline, they will pay an extra £250 to the claimant. This additional payment serves as a strong incentive for the company to prioritize efficient claims handling and offers a tangible benefit to beneficiaries if there’s a delay. This kind of guarantee is not universally offered by all insurers.
• “Correctly Completed Documentation”: It’s vital for beneficiaries to ensure all required paperwork is accurately filled out and submitted. This typically includes the death certificate, policy details, and claimant identification. Any missing or incorrect information can delay the process, irrespective of the 48-hour promise.

What Documentation is Needed for a Claim?

While specific requirements might be detailed in the policy documents, generally, beneficiaries will need:

• Death Certificate: The official document confirming the death of the policyholder. This is the primary piece of evidence.
• Policy Document: The original or a copy of the life insurance policy.
• Claim Form: A form provided by 50pluslife.co.uk or iptiQ Life S.A. UK Branch, the underwriter that needs to be completed by the beneficiary, providing details about the claim and the claimant.
• Identification of the Beneficiary: To verify the identity of the person making the claim.
• Proof of Relationship: If the beneficiary is not explicitly named in the policy but is claiming as a next of kin, proof of relationship might be required.

The Role of iptiQ Life S.A. UK Branch in Claims

As the underwriter, iptiQ Life S.A.

UK Branch is ultimately responsible for assessing and paying out claims. Pst.net Reviews

• Claims Administration: While 50pluslife.co.uk facilitates the initial contact and might help gather documentation, the claims process itself will be administered by iptiQ Life S.A. UK Branch. Their expertise in evaluating claims and ensuring compliance with policy terms is critical.
• Financial Strength: The fact that iptiQ Life S.A. is part of the Swiss Re Group underscores its financial capacity to meet its obligations, even for a large volume of claims. This financial stability is reassuring for policyholders.
• Communication During Claims: During the claims process, clear and empathetic communication from the claims team is paramount. While the 48-hour promise sets a standard for speed, the quality of communication throughout the process is also a key indicator of customer service.

The 48-hour claims promise, backed by a penalty for delay, sets a high standard for efficiency.

For beneficiaries, this means potentially quicker access to funds during a difficult and often financially stressful time.

FAQs

What is 50pluslife.co.uk?

Based on checking the website, 50pluslife.co.uk is an online platform that offers life insurance policies specifically designed for UK residents aged 49 to 80, promising guaranteed acceptance without medical exams.

Who is eligible for life insurance from 50pluslife.co.uk?

Yes, UK residents aged between 49 and 80 are guaranteed acceptance for a life insurance policy from 50pluslife.co.uk.

Do I need a medical exam to get cover?

No, 50pluslife.co.uk explicitly states that no medical exams, blood tests, or health questions are required to get cover, beyond asking about your smoking status.

What is the maximum cover amount I can get?

The maximum cash value across all your 50 Plus Life insurance plans is £20,000.

How much does over 50s life insurance from 50pluslife.co.uk cost?

Your monthly premium can range from £5 to £100, depending on your age, smoker status, and the desired cover amount.

When does my full cover start?

Full coverage for death by any cause begins after a 12-month waiting period from the policy inception.

Is there immediate cover for accidental death?

Yes, immediate accidental death cover is provided from day one, with twice the payout for accidental death claims.

What happens if I stop paying my monthly premiums?

If you stop your monthly payments, the policy will lapse, and you will not get any money back. Codegopay.com Reviews

Is it possible to pay in more than the policy pays out?

Yes, the website clearly states that depending on how long you live, you could pay in more than is paid out, as it’s an insurance product, not a savings plan.

Can inflation reduce the value of my cover?

Yes, inflation may reduce the real value of your cover over time.

50pluslife.co.uk offers an “Increasing Benefit Option” to help mitigate this.

How long do I pay premiums for?

You will pay your chosen monthly amount every month until you turn 90.

What is the 48-Hour Claims Promise?

50pluslife.co.uk promises to pay out approved claims within 2 business days of receiving correctly completed documentation, or they will pay an extra £250 to the claimant.

Is 50pluslife.co.uk regulated?

Yes, 50 Plus Life is a registered trading name of Smarter Cover Limited, which is authorized and regulated by the Financial Conduct Authority FCA.

Who underwrites the policies?

The policies are administered and underwritten by iptiQ Life S.A.

UK Branch, which is authorized and regulated by the Prudential Regulation Authority PRA and the FCA.

Can I talk to a human about my life insurance needs?

Yes, their sales team is based in the UK and available by phone 0800 023 9391 to assist with any questions.

How do I get a quote?

You can get a fast, free, no-obligation quote by completing a simple form on their website or by calling their phone number. Musthaveideas.co.uk Reviews

What details are needed for a quote?

You’ll typically need to provide your age, smoker status, and desired monthly premium amount.

Can I get cover on the same day?

Yes, you can get cover specifically accidental death cover in place on the same day after a simple phone call and policy arrangement.

Are there any fees for getting a quote?

No, quotes are free and come with no obligation to purchase a policy.

What should I consider before buying an over 50s policy?

You should consider the potential for paying more in premiums than the payout, the impact of inflation on a fixed sum, the lack of cash-in value, and compare it with alternatives like pre-paid funeral plans or personal savings.