Insurance for over fifties

insurance for over-fifties

Recommended insurance for people over fifty

Individuals over the age of 50 have a wide range of insurance plans available which can help to protect them against unfortunate incidents should they occur. These particular plans are specifically tailored to people within a certain age range and there are variety of different plans available.

This article will outline the different types of insurance and highlight which ones are especially beneficial to individuals over the age of 50:

Life Insurance

Life insurance premiums increase with age, which is why it's beneficial for individuals over the age of 50 to opt for a policy which is catered especially to them. These policies are very quick and convenient to sign up to and do not require buyers to answer health questions or undertake medical examinations. In most cases, acceptance is guaranteed providing the customer is between the age of 50-80 years old and sometimes older, but this depends on every company's policy.

Home Insurance

There are two different types of home insurance cover available: building insurance and contents insurance - the combination of the two ensures individuals are protected against unfortunate incidents that can cause damage to their homes, incidents such as: fire, weather damage or theft. The last thing a home owner would want is to have their beloved home ransacked by greedy burglars or destroyed by a fire, and having to replace decades of material items out of their own pockets. Although materialistic goods do not compensate such an unfortunate event, home insurance will help to mitigate the stress of financial woes.

Funeral Insurance

As much as we hate to think about it, everyone has to leave their loved ones eventually and it's always good to be prepared for when the time comes. There are a number of over 50's funeral care plans available that can help to ease a grieving family's financial burden. As we get older, our health begins to deteriorate which is why it's good to be prepared for the inevitable and ensure adequate preparations are arranged if anything were to happen.

Travel insurance

Over 50 is the ideal time for individuals to enjoy a relaxing getaway and is the perfect way for retirees to enjoy their new-found time and freedom. Travel insurance is especially important to mature travellers as it covers a full range of medical conditions such as: diabetes, high blood pressure, high cholesterol or heart-related problems. As our health declines with age, it's a good idea to be prepared in cases of medical crisis.

Car Insurance

(you can get a quote from baltic21)

By the age of 50, most drivers have had enough practice to establish themselves as a experienced driver, which is why there are car insurance plans available to older and safer drivers that not only offer extensive cover, but also lower premiums. These car insurance covers are designed especially to reward older drivers who demonstrate a history of no claims and safe driving.