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.