David Allan

Expertly compared by David Allan

Products Updated May 27, 2018

Life Insurance For Pensioners

If you are of pensioner age or retired and want life insurance we can help. Let our experts and providers find you a great deal from the market place.

FREE life insurance advice and comparison. Our experts can help find you a great deal from providers across the whole marketplace:

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All credit types
Rated 4.8/ 5

Lifes Great

Provider
Lifes Great

Products
Life Insurance

Speciality
Compares The Market

Whether you are looking for a cash lump sum payout or decreasing term mortgage life insurance, Lifes Great can provide you with a quote and a recommendation in under a minute. Free to use and you are under no obligation to proceed with any quote given.

Available via broker only
All credit types
Rated 4.2/ 5

Zurich

Provider
Zurich Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Zurich Life Insurance will pay out a cash sum if you die during the term of the policy, or if you are diagnosed with a terminal illness and are expected to live for less than 12 months. Plans can be tailored with optional extras to suit your individual requirements and to provide added peace of mind.

Available via broker only
All credit types
Rated 4.7/ 5

Friends Life

Provider
Friends Life

Products
Life Insurance

Speciality
Life Insurance

Friends Life is now part of the Aviva Group. Get the cover you need to protect your family and loved ones when you're no longer around.

Available via broker only
All credit types
Rated 4.5/ 5

LV

Provider
Liverpool Victoria

Products
Life Insurance

Speciality
Life Insurance

Life insurance from Liverpool Victoria will pay a lump sum should the worst happen, so you will have peace of mind that your family and loved ones will be financially protected when you’re no longer here. Even superheroes need protection.

Available via broker only
All credit types
Rated 4.6/ 5

Legal & General

Provider
Legal & General

Products
Life Insurance

Speciality
Life Insurance

Life cover or life assurance helps you to financially protect the future of your loved ones. Life Insurance from Legal and General offers reassurance that your loved ones or family will still be looked after financially should the worst happen.

Available via broker only
All credit types
Rated 4.5/ 5

Royal London

Provider
Royal London

Products
Life Insurance

Speciality
Life Insurance

With a policy in place with Royal London , you can leave money to your loved ones when you pass away, to help protect your family financially. Get a free quote or apply online.

Available via broker only
All credit types
Rated 4.6/ 5

Ageon

Provider
Ageon Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Ageon is here to help you reach your goals at every stage of your life. Part of that involves putting plans in place to adequately protect and insure you against the unexpected things in life.

Learn More Available via broker only
All credit types
Rated 4.6/ 5

Vitality

Provider
Vitality

Products
Life Insurance

Speciality

If the worst should happen, or you can’t work because of illness or injury, Vitality Life's 5-star Defaqto award-winning range of protection products will give you or your family payments to make things easier.

 

FAQ's

What is this cover?

Life insurance policies for pensioners and old people lasts a life time or up to a certain age and as with all life insurance policies a lump sum will be paid out in the event of the policy holder passing away. However, life insurance policies for pensioners and old people come with a qualifying period of two years during which the death benefit will not be payable but the premiums paid would be paid out. This type of insurance is suitable for pensioners, old people and does not require any medical examinations.

How does it work?

The beneficiaries of the policy holder would receive a death benefit should they pass away. This policy comes with benefits such as a terminally ill benefit, funeral benefit and financial planning benefit and these would all help you and your family should your circumstances change or you die.

With this type of policy there is a period where the death benefit is not made payable, so if you were to die within that agreed term your beneficiaries would receive the premiums you have paid as a payout.

So, if you are a pensioner or an older person looking for a policy to cover you that consists of a simple and quick process, this is the policy for you. All you would need to do is fill in an application form, there is no medical examination saving you a trip to the doctors and having to await test results.

What are the features?

There are many features with life insurance policies for pensioners and old people:

  • The Funeral Benefit- This would be paid should you be diagnosed with a disease that is incurable and you have less than 12 months to live
  • The Financial Planning Benefit- This would be paid should you decide to seek financial planning advice upon payment of a life cover benefit being paid
  • Available Benefits- There are a range of benefits available to you, ensuring that you have insurance cover that suits your needs and reflects your current circumstances
  • Flexible- We understand that circumstances change so we have made this policy amendable to ensure that you are always happy, aware and completely covered
  • Terminally Ill Benefit- If you were diagnosed as terminally ill there would be a benefit payout to help ease your circumstances, family and quality of life

What are the benefits?

Life insurance for pensioners and old people come with a range of benefits to consider:

  • There are a wide range of benefits available that can be claimed such as funeral benefit and terminal illness benefit.
  • Convenient- This type of cover is simple, all you are required to do is complete an application form, there is no medical examination giving you the option of purchasing this cover from the comfort of your own home. It is simple and fits your needs.
  • Affordable- The policies available to you offer great value for money with coverage to suit your needs.
  • Fixed Premiums- Once your policy has been finalised and you are happy with the amount you pay per month, you can relax knowing that your premiums will never change.
  • .

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