Over 50s Life Insurance

Late Life Cover up to age 91.


Over 50s Life Insurance

This policy is a type of Life Insurance benefit designed to pay an agreed amount towards your funeral costs or estate, at a set premium that would not change during the term of the policy. It is aimed at policy seekers between the ages of 50 and 75 years old.

You can fill out our easy to understand form for a free online quote comparison, or speak to one of our Qualified Financial Advisors who will guide you through the process.

Who can be covered with Over 50's Life Insurance?

Single Cover

Only one person is covered under the policy. If this person dies within the term of the policy - The cover amount will be paid to the policy holders estate.

Dual Cover

Both people are covered equally under this policy and is a popular choice as it pays out on the first and second death.

Joint Cover

Two people are covered under the one policy. But only pays out on one death. For example "Joint Life, First death" will pay out when the first person dies, and nothing when the second person dies.

Over 50s Life Cover Information

Frequently asked questions and answers.

Without the ‘Savings Option’ – Your policy is designed to pay out when you die. But if you stop paying your monthly premiums, your policy will end and you get no pay-out.

Our ‘Savings’ option costs an additional 10% on your policy. If you stop paying premiums, because you can’t keep up with the monthly payments; Once you have paid consistently for 15 years – Once your policy ends, You can either choose to receive an agreed lump sum payment immediately, or a reduced amount in the event of your death. It will be required to speak to one of our Financial Advisors to add this on your policy.

Selecting indexation on your policy will help to protect your cover against inflation.

Inflation can negatively effect the buying power of the amount you have paid in over a long period of time. Meaning, the amount of cover that was suitable when you took out the policy, may in the future not meet your family’s needs upon the event of your death.

For example – With only a 3% inflation rate – €500,000 after only 10 years is worth just €372,000. Remember, the money paid out would still be €500,000 – only worth less.

Absolutely. Terminal Illness Cover on your policy means that if during the lifetime of your policy you’re diagnosed with a terminal illness, the full amount of cover taken out will be payable immediately. To qualify for immediate payment, the illness either has to have no cure or has progressed to the point of being un-cureable and will lead to death within 12 months.

The factors that will determine how much cover you can afford to take out are: Your age, If you smoke or use nicotine replacement products, and how much you want to pay-in to your policy monthly.

Your general health, height/weight, if you’ve smoked within the last 12 months and the result of your health application will affect the final cost of your policy. We will give you a general quote first to give you an idea of the cost. Quotes provided online are for applicants in perfect health.

Need more information?

Call us for free. We’re always available to help.

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Coronavirus Covid 19 Information

We would like to assure our customers that although this Worldwide Pandemic has struck our Nation hard, we are still here for our new and existing customers. All phone calls and emails will be dealt with accordingly.

In the unfortunate circumstance that a customer contracts COVID-19 and dies, our life policies would pay out in line with our usual claims philosophy.

All Consultations will be held by Phone or Online via Computer/Smart Device to remove face-to-face interactions and keeping in line with social distancing guidelines recommended by the Government.

We at Lowquotes.ie hope you, your family and your loved ones stay safe & healthy in this time.