Over 75 Life Insurance Cover

Life Insurance for People Over 75Many people in their later years tend to believe that once they reach the age of 75, it is too late to buy life insurance as the risk they present to insurance companies is too high; however, this is simply not the case.

Although there are some insurance companies that will not be willing to provide life cover to the over 75s, there are plenty that still do. This  ensures that by shopping around, you will still be able to find a policy which is both affordable and that puts the short term cover you need in place.

When searching for life insurance at the age of 75 or over, it is essential you do your homework to find a policy that suits your particular needs. As always, the requirements of each individual will differ depending on their circumstances; however, in many cases, the needs of those over the age of 75 are similar in their nature.

Despite the risks presented by this age group, there are still plenty of affordable policies on offer, irrespective of pre-existing health conditions. This is largely due to the fact that the degree of cover required by people of this age is not particularly high. By the time people reach the age of 75, their financial obligations have often been met; mortgages have been paid and there are no longer any dependants to support.

In many cases, people aged 75 and over are simply looking for a policy which will cover the cost of their funeral to ensure their families are not burdened by the expense. Typically, a policy for the over 75s will pay a benefit in the region of €5,000 – €15,000. A payout of this size will cover the cost of a funeral and leave an amount for a partner, children or grandchildren.

If you’re considering buying a life insurance policy in your later years, easylifecover.ie can help. We can provide the perfect policy which meets your specific needs at a highly competitive price. For further information  from our experienced team of advisers, please give us a call today.