Age is no more a barrier for an insurance policy

Age is no more a barrier for an insurance policy

It is unfair to drag an age factor as a barrier to avail an insurance cover. With the intention of providing insurance to all the groups, we have an option of Over 50 life insurance. The foremost condition of this Over 50 life insurance is you need to fall between 50-80 years of age group. You may not be the only or the main bread earner of the family at this certain age, but this policy amount will have a purpose in your absence. You can choose the terms based on your needs.

It can clear any unfinished debts, funeral expenses or it can be a simple goodbye gift to your family. You can make your choices and take up the policy, it is the best investment you can do.

You might be one of them who needs this insurance

When you enter into your second innings, you need to start thinking about you and your spouse more than anything. This over 50 life insurance is specifically designed only for you. If you have any descendants it will help them to clear your unfinished debts or funeral costings. It means you are securing a financial backup for yourself without depending on anyone else. Your family will not have any financial crisis because of you after your demise.

An over 50 life insurance is not just for clearing any unresolved debts or covering your funeral expenses. It can simply act as a token of gift to your descendants. It can be a goodbye gift as in a memorial to them.

There are many benefits when it comes to over 50 life insurance. You can choose anyone to be your beneficiary and there are no such restrictions about the policy amount.

Tax-Free

Online Application

Fixed Monthly Pay-in

Customized Terms

How Over 50 Life Insurance can be helpful?

How Over 50 Life Insurance can be helpful?

You don’t have to worry much about the procedure as it is very simple and no complications involved. We know that having a complex procedure may definitely confuse you, which we don't want to happen. You can customize the terms given by the insurer or you can acknowledge the terms as it is given by them.

Based on your regular income source and the requirement, you can decide the pay-in and the insurance payout amount. A legal agreement will be drafted between you and the insurer, which involves all the terms and conditions along with the pay-ins and claim amount. You need to be regular with the fixed pay-in based on the agreement.

Your beneficiary can claim the amount anytime within the term period after your demise. Any failure within the pay-in cycle will lead to the cancellation of the insurance policy. Any claim made after the cancellation of the insurance will be rejected.

Things to rememberwhile taking an Over 50 life insurance

To be frank, people only think about the agency rather than the insurance terms. You need to do the proper homework before you sign up for an insurance policy.

How long does it last?

How long does it last?

You need to decide your own term period which starts from 5 years. Any claim made within the term period will be accepted.

What if I stop paying?

What if I stop paying?

Your decreasing term life insurance will be cancelled if you stop paying the insurance policy. Your family will not receive any amount after your demise.

Any Feasibility with terms?

Any Feasibility with terms?

Yes, you can update your insurance terms in future if needed. Just have a word with a representative to make it happen.

Cost of an Insurance Policy

Cost of an Insurance Policy

You need to decide it, based on the current financial status of your family and how much they need in your absence.