The cost of a new policy may have changed since you took out your previous one. That said, if you now meet our definition of a non-smoker, you may be eligible to take out a new policy as a non-smoker. If you’re a policyholder and you no longer smoke, this won’t affect your current policy or premiums. Note that if you miss your premiums in the future and we require a health form, you won’t be able to have your policy reinstated. If subsequently you take up smoking after purchasing the policy, your policy or premiums will be unaffected, so long as the details you gave when you made the application were accurate, and your premiums are up-to-date. When you apply for life insurance as a new customer, your policy terms will be based on your smoker status at the time of your application. Read more about Over 50 Life Insurance How long should I get life insurance for? Please remember that neither of these plans are a savings or investment product and have no cash value unless a valid claim is made. There are other important factors that you need to be aware of when deciding on life insurance vs Over 50s Fixed Life Insurance, so please read all the information available, and contact Legal & General for more information. Full cover is payable after just one year. It's for people who want guaranteed acceptance with a simple application process and who don't want to answer medical or lifestyle questions. Over 50s Fixed Life Insurance is designed for UK residents aged 50 to 80 who want a fixed cash sum to give to their loved ones when they die. Some age restrictions apply, please read the Policy Summary PDF for full details. The cash sum paid out could be used by them to pay off a mortgage for example, or help with childcare costs and other everyday living expenses. Life insurance is there to offer financial protection to your loved ones. When assessing your life insurance application, we'll ask you questions about your medical history, occupation and lifestyle. Life insurance is designed to pay out a cash sum if you die during the length of your policy. Let’s take a look at some of the differences. If you’re looking at your options later in life, you may be torn between getting life insurance or Over 50s Fixed Life Insurance. This page was last reviewed by our team of financial protection experts on 30 August 2023. Care Concierge Free access to our team of Care Experts, this confidential and impartial telephone advisory service can help you or loved ones understand and find later life care.Their registered nurses provide a wide range of phone-based wellbeing services, supporting your wellbeing and mental health. We've partnered with RedArc Assured Limited to bring you access to our new Wellbeing Support service. Option to add Critical Illness Cover when taking out your policy.Get a quote online in 2 minutes, you could be covered in just 20. We paid £509 million in life claims in 2022, helping over 12,500 people and their families.No-one covers more families in the UK than us** (based on new life insurance sales).Fixed monthly premiums from £5, depending on your circumstances, so you can plan ahead - no surprises!.Here's some great reasons to take out cover with us: For more help, take a look at our life insurance calculator or speak to your financial adviser. You choose the amount of life insurance you need, how long you need it for and whether you want to take out life insurance in joint or single names.
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