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4 reasons to consider over 50s life insurance

Winston’s Over 50s Life Insurance helps to ensure your loved ones have everything they need to give you the send-off you deserve. There’s no medical questions, a fixed monthly pricing option and a guaranteed pay out if you are to pass away after 12 months. Help ensure your legacy lives on with Winston.

Pension Times Editors - 4 Min Read
Last updated and fact checked:
4 reasons to consider over 50s life insurance
  • Winston's Over 50s Life Insurance can help to offer you peace of mind with fixed premiums.
  • It can help to provide financial security for loved ones through guaranteed acceptance.
  • They aim to offer accessible coverage with no medical exam required.
  • Guaranteed payouts can help you leave a financial safety net of up to £20k.

Winston’s over 50s life insurance: FAQs

  • What is over 50s life insurance?

    Over 50s Life Insurance may be suitable for you if you’re aged between 49 and 80 and want to leave a sum of money to your loved ones after your death. This type of insurance offers guaranteed acceptance, regardless of pre-existing health conditions. The policy pays out 100% of the agreed cash sum upon your death, provided the policy has been active for at least 12 months, and you have made all the minimum payments.

  • How does over 50s life insurance work?

    It’s straightforward to get over 50s Life Insurance with Winston. All you need to do is complete a one-minute advice form with your basic details. Then, one of their experts will call you to discuss which cover is right for you and give you a free, no-obligation quote.

  • Who is Winston regulated by?

    Winston is a registered trading name of Candid Insurance Services Limited. Candid Insurance Services Ltd trading as Winston is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under number 603273.

Editorial Note: We earn a commission from partner links on Pension Times. Commissions do not affect our writers’ or editors’ opinions or evaluations. Read our full affiliate disclosure here.

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So Winston can contact you with your quote

Certain milestones naturally evoke moments of reflection and re-evaluation of what truly matters in life. While planning for the future is essential at any age, as we approach the half-century mark, it’s inevitable to start thinking about what life will look like as we approach retirement and beyond.

Over 50s life insurance helps to provide that peace of mind that, eventually when the time comes, your loved ones will have the financial support they need to get through those difficult first weeks and months without you.

Wondering if over 50s life insurance is right for you? Here are four reasons you may want to consider it:

  1. Financial security for loved ones. 
  2. Guaranteed acceptance, with no medical exam required. 
  3. Competitive premiums. 
  4. Peace of mind and legacy planning.

    1. Financial security for loved ones

According to 2024 figures from SunLife’s Cost of Dying Report, the average cost of a basic funeral in the UK was around £4,141. But with rising prices for professional services and other associated expenses, the total cost of dying has now jumped to an average of £9,658. This increase can cause significant financial concerns for many families, with recent data revealing that one in five people are feeling the strain of covering these expenses. It's clear that planning ahead and considering Over 50s Life Insurance can help alleviate some of these worries for loved ones.

If you’ve got teen-aged or adult children, a partner, or loved ones, over 50s Life Insurance can offer a financial safety net to help them cover immediate costs, or to provide some financial security, when you’re gone. The lump sum payout is designed so that it can be used to help cover funeral expenses, outstanding debts, or other financial obligations you leave behind. During an emotionally challenging time, this small act can help alleviate the burden for those closest to you, allowing them to grieve without the added worry of financial strain.

2. Guaranteed acceptance, no medical exam required

One of the most significant advantages of over 50s Life Insurance is its accessibility. Unlike traditional life insurance policies that are subject to stringent medical checks and extensive underwriting processes, Over 50s plans typically offer guaranteed acceptance for individuals aged 50 and over. So even if you’ve got pre-existing health conditions, or you’ve been denied traditional cover in the past, chances are you can still take out a policy.

As we all know, life is fast and unpredictable, and Winston understands this. Getting a quote is quick and easy. All you need to do is fill in a one-minute advice form, and one of their experts will call you to give you a quote and arrange your cover. Plus, after you’ve taken out your cover, you don’t need to inform them of changes to your circumstances, keeping you free to enjoy life to its fullest. 

3. Competitive premiums

Over 50s Life Insurance policies are usually fixed, and remain unchanged throughout the life of the policy, helping to provide predictability and ease of budgeting. Winston offers you the choice of increasing or fixed-price cover to support your peace of mind, and your lump sum cash payment is 100% guaranteed upon your death after just one year of making payments.

With options to tailor coverage amounts to suit individual needs and budgets, over 50s Life Insurance helps to ensure that protection is accessible to a wide range of individuals, regardless of financial circumstances.

4. Peace of mind and legacy planning

Knowing that you have a plan in place to provide for your loved ones can offer unparalleled peace of mind. Over 50s Life Insurance allows you to take control of your financial legacy, helping to ensure that your family is taken care of even when you're no longer around.

Whether it's leaving behind an inheritance, covering estate taxes, or simply easing the financial burden on your beneficiaries, over 50s Life Insurance can help you leave a lasting and meaningful legacy.

Is over 50s life insurance right for me? 

If the thought of leaving your loved ones with a hefty bill when your time comes keeps you up at night, it could be worth considering an Over 50s Life Insurance policy. From guaranteed acceptance and competitive premiums, to peace of mind and flexible use of proceeds, over 50s Life Insurance provides valuable protection and can help to ensure that your legacy lives on.

Consider exploring your options today to safeguard your family's future tomorrow.

Image Credit: Gus Moretta at unsplash

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