The 50+ Life Plan

In action

To give you an idea of how our 50+ Life Plan works, we have shown you below an example of the product and how it could fit an individual's needs. This is not advice, everyone's needs and circumstances vary. If you are in any doubt about its suitability please contact our Customer Support team on 0800 195 9246 (8am - 6pm weekdays).

Names: Jim and Doris
Age: 62 and 63
Occupation: Retired

Jim and Doris are a married couple who have never been 'well off', having spent their resources bringing up their family.

They did have life insurance as part of their mortgage agreement, but now the house is paid for, this cover has ended. They don't need a huge payout when they die, but want to make sure that any immediate bills - whether these are for the funeral or other expenses such as credit card bills or small loans - could be paid and not impact on the surviving partner or their children.

Although both Jim and Doris gave up smoking some years ago, Jim has high blood pressure and fears premiums will be expensive, or worse still, that he won't be able to get cover.

They chose the 50+ Life Plan because there's no medical and they also liked the fact that life cover would continue, but premiums could stop if they had to go into a nursing home after the first 10 years. And, because they like to travel to Spain in the winter when they can, it's also important that should one of them die as a result of an accident abroad, they would receive a payout of double the sum assured.

A guaranteed payout of around £5,000* cost Jim £25 a month and Doris £23. *Jim's cover would be £4,939 and Doris's £5,117.