Can I have over 50s life insurance if I've had cancer?
Have you thought about your future protection needs?
Key points:
- Over 50 life insurance is designed for UK residents aged 50 to 80 and lasts for the rest of your life.
- A current or previous cancer diagnosis doesn't affect applying, as no medical information is needed.
- The policy pays a fixed lump sum after death from any cause.
- Waiting periods and policy terms may vary for pay outs for cancer-related deaths.
Our Over 50s Life Insurance is not a savings or investment plan. It only pays out on a successful claim when you die. If you stop paying your premiums when they're due or you cancel your policy, cover will end and you won't get anything back.
Whether you have over 50 life insurance or are considering taking out a policy, it's important to think about your health and potential future needs. Over 50 life insurance provides cover for the rest of your life, and when you're no longer here, it could mean a helping hand at a difficult time - your loved ones could use the money towards bills that remain unpaid, or to support with funeral costs.
What is over 50 life insurance?
Over 50 life insurance lets you leave a small lump sum to those you leave behind, after you've passed away. It's called 'whole of life' cover, which means it lasts for as long as you live, rather than for a set period of time.
Our Over 50s Life Insurance is available to anyone aged between 50 and 80, provided they're a permanent UK resident.
Can I apply for over 50 life insurance if I have, or have had cancer?
Whether you've had a medical condition like cancer in the past, or you have it while applying for over 50 life insurance, it won't impact your application. Insurers don't need to know about your health for this type of insurance. With our Over 50s Life Insurance, there's no need for a medical. We just need to know whether or not you smoke. There's full cover after one year.
Over 50 life insurance
Leave some money behind for your loved ones, with cover that lasts for life. You could leave it as a small gift or to help pay towards your funeral.
How does over 50 life insurance work?
Over 50 insurance policies can generally be taken out from the age of 50 to 80. It lasts for as long as you live, rather than a set period of time and pays out a small lump sum when you pass away. This enables you to leave a gift behind for your loved ones, which could help them towards paying the bills or even contribute to your funeral costs.
Our Over 50s Life Insurance is available to anyone aged between 50 and 80, provided they're a permanent UK resident. You're guaranteed to get full cover after one year.
With us, if you die for any reason after the first 12 months of having the policy, we’ll pay out the full cover amount as a lump sum. This includes dying from cancer or anything related, even if the original cancer was from a time before you had cover. We’ll also pay out the full cover amount if you die because of an accident within the first 12 months.
If you die before the first 12 months have lapsed, and it isn’t an accidental death, we won’t pay out the cover amount, but we’ll pay a sum that’s equal to the premiums that have already been paid. As the cover amount is fixed, inflation will reduce its value over time. It's also worth noting that the total amount you pay for cover depends on how long you live for. You could end up paying in more than is paid out.
Macmillan Cancer Support
We're working in partnership with Macmillan Cancer Support to help people living with cancer find the expert support they need.
As one of the largest UK cancer charities, Macmillan offers emotional, medical, and practical support for people whose lives are affected by cancer. And our customer team can point you in the right direction to find the warm helping hand you need. Macmillan has also supported the training of our claims staff, so they’re equipped to handle conversations with customers affected by cancer.
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