It’s going to happen to everyone, we don’t want to think about it, but your untimely demise could have one of the biggest financial implications for those closes to you, It’s never nice to think about, but as a rule of thumb, if you have dependants such as a partner or children, then it’s generally a good idea to take out some form of Life Insurance.

When should you consider buying life insurance?

If you don’t already have life insurance, there are certain changes in circumstances that might lead you to reconsider, such as:

•Becoming a parent.
 
•Getting married.
 
•A change in your income level like becoming the main breadwinner in the family or a partner losing their job.
 
•Moving home, buying a house or taking out a substantial loan (for buying a car etc.).
Life Insurance policies.
There are two types of life insurance, whole of life and term assurance. As the name implies, whole of life cover extends throughout your natural lifetime, although this type of policy does usually attract higher premiums.

Term Assurance tends to appeal to those looking at paying lower monthly premiums on their life insurance.

Life Insurance from Asda- From only £5 per month!

How much cover will you need?
Ideally you should be looking at enough cover to ensure that your dependants are able to maintain their standard of living if the worse should happen to you. A ballpark figure is typically 10 times your current salary, although people without children may require less.

Is life Insurance expensive?

The good news is that Life insurance can cost as little as under £10 per month! Depending on the amount and type of cover you need, we have provided some links below that may give you an indication of the monthly cost you are looking at. Remember, it’s FREE to get a quote and is a good idea to shop around to find the best policy/cover for you!

Legal & General – Life Insurance from less than £6 per month – Free Quote

Asda Life Insurance – From only £5 per month

Compare Life Insurance Quotes in one easy to use website

Virgin Money Life Insurance

With a Legal & General Life insurance policy costing from so little, there has never been a better time to take full advantage. life insurance policies are simply designed to pay out a cash lump sum should you die during the policy term. With monthly premiums starting from as little as £6 per month (that’s just 20p a day), protecting your family could be cheaper than you think.

To find out more and to start your cover today, please click here.

They offer 3 plans for the overs 50s, a brief guide is below, to see the full range and to take out a Life Insurance plan with legal & General please click here.

A brief description of the over 50s plans available with Legal & General…

The Fixed plan - Have the certainty of fixed monthly premiums and a cash sum paid out when you die. Premiums could start from as little as £5 a month.  
  
The Increasing plan - Watch your benefit grow in line with inflation when your  premiums increase, which could start from as little as £5 per month.

Finally they also offer the Funeral Plan - Ensures the costs of a traditional cremation funeral are covered, and protected from inflation when you increase your premiums

Click here to find out more about Legal & General Life Insurance plans for the over 50s.

Key benefits of Legal & General Home Insurance:

20% discount for three or more years claim free insurance
Up to 20% no claims discount
15% discount when you buy your home insurance online
17% discount when you insure buildings and contents together on the same policy

Save up to 43% today with Legal and General

Payment Protection included as standard
Option to include Family Legal Protection

 
Buildings

Buildings cover without the need for a rebuilding cost – blanket cover up to £500,000
Home Emergency Cover
Trace and Access cover up to £5,000
Option to include extended accidental damage cover

 
Contents

Range of bedroom rated home contents options £40,000, £50,000, £60,000 for flexibility and peace of mind
£5,000 credit card cover to protect against fraudulent use
Option to include extended accidental damage and personal possessions cover

Get your free Quote and see how much you could save. Up to 43% savings online only.

Click here for your Car Insurance Quote

Greenbee Home Insurance offers the following service:

• Home Insurance – with cover for both buildings and contents. Many features come as standard (such are personal possessions covered away from the home) meaning the customer doesn’t have to pay extra. Greenbee aim’s to quote for as many customers as possible, and our policy covers all postcodes, all ages, and homes with up to six bedrooms.

80% of Greenbee customers rate our service ‘Very good’ or ‘excellent’.
83% of our Home Insurance customers renew their policies with us which is significantly better than the industry average of 70%.

Click here to visit GreenBee Home Insurance from John Lewis Financial Services

Greenbee believes that our customers will value being able to source these services direct from a company they trust. Just like John Lewis and Waitrose, our customers can trust Greenbee to offer products and services that are both excellent quality and good value. Greenbee always aim to deliver these with the same high level of service that customers expect from the John Lewis Partnership.

Greenbee offers the following services:

• Car Insurance – with up to 75% no claims discount. Greenbee will also provide all comprehensive policy customers with a replacement (courtesy) car in any instance and not just for repairs – if the car is stolen or a write-off Greenbee will give customers a replacement car for up to 21 days to allow them adequate time to receive a cheque and pick a new car, aiming for minimum disruption and inconvenience to the customer. Greenbee works with a specially selected small panel of insurers to ensure that no matter whether you are 17 or 99, driving a classic car, or a 2009 plate, Greenbee can quote for you.

80% of Greenbee customers rate our service ‘Very good’ or ‘excellent’.

 Get your Motor Insurance Quote from Greenbee

• We aim to get to you within 40 minutes – 24/7, 365 days a year – and we give priority attention to anyone in a vulnerable situation.

• We fix over 4 out of 5* vehicles at the roadside, for our individual members – you’re also covered for flat batteries, punctured tyres and running out of petrol**.

• We have over 2,000 patrols – more per member than any other car breakdown service. ***

• Prices start at just £28 – choose from a number of payment options including monthly direct debit.

• Award winning customer service – for three years in a row, RAC has received the JD Power Award for ‘Number 1 Roadside Assistance Provider in Customer Satisfaction’ in UK †

• 10% no call out discount on certain cover options

• Accident care included ****

• Fantastic member offers & discounts

Caveats:

* Internal source: 1 Jan-31 Dec 2008 (excluding accidents and extreme failures).

** Excludes accidents and extreme failures We will either tow you to a nearby petrol station or supply you with some fuel (paid for by you) to get there. Terms and conditions apply.

*** Source: Mintel UK Recovery Services, November 2008. Based on service providers using own dedicated patrol force.

**** Accident Care: In the event of an accident, you’ll get access to friendly, RAC approved solicitors and personal injury claim experts. Full service depends on whether in our judgement the accident was fault or non-fault. Charges may apply for services we arrange on your behalf.

† The 2008 UK Roadside Assistance Study is based on responses from 3,012 customers regarding their experiences with a roadside assistance provider.

Eligibility criteria at a glance
The property you wish to insure:

isn’t a mobile home and has its own separate lockable front door
isn’t empty or awaiting sale or derelict or undergoing structural work
is in good condition and is built of brick, stone or concrete with a roof of slate, tile, asphalt, metal or concrete
isn’t left unoccupied for more than 60 days in a row
is your main domestic residence and is not a second property e.g. a holiday home
hasn’t suffered from structural movement, subsidence, landslip or heave
isn’t used for any business purposes
will not cost more than £1,000,000 to rebuild and its contents will not cost more than £150,000 to replace
isn’t in the Channel Islands or the Isle of Man
isn’t a listed building and has no more than 7 bedrooms
isn’t within a block of flats unless you require contents only cover
hasn’t suffered from flooding and is not located in an area which is under either a flood warning or severe flood warning issued by the Environment Agency
About the occupants:

you haven’t had more than 2 claims in the last 36 months
you haven’t been convicted of any non motoring criminal offence in the last 5 years

Why Choose LV= Home Insurance

a special online discount for new policies

the flexibility to choose the amount of contents cover you want

up to £1million cover for buildings as standard

up to £25,000 cover for the cost of alternative accommodation if you can’t live in your home in the event of a claim

identity fraud assistance helpline automatically included

a further discount for taking both buildings and contents cover

a quick and easy application process

up to £1,000 cover for loss or damage to hedges, trees, shrubs, plants and lawns

Defaqto 5 star rating for buildings and contents cover
Why Buy from LV=
As the UK’s largest friendly society we’re here to help you make the best choices when it comes to your money. With a range of savings , investments and insurance products that are both good value and award-winning, we’re bound to have something to interest you.
When we started in 1843 as Liverpool Victoria, our goal was to give financial security and peace of mind to more than just a privileged few. And today it’s much the same.
As a mutual, we don’t have to answer to external shareholders – so we can concentrate on looking after you.

The 50 Plus plan can provide up to £25,000 life cover for the over 50s to help with things like funeral expenses and unpaid bills.

No medical or health questions
Guaranteed acceptance (conditions apply)
Choose a free gift when your plan starts
Get an extra 10% with our Funeral Benefit option
The 50 Plus plan is member conferring – meaning that you become a member of LV=
Your family will get a cash lump sum to help with funeral expenses and unpaid bills
The guaranteed sum could also be a gift for your grandchildren
Get up to £25,000 of cover
Cover from just £5 a month
The amount of cover depends on your age and gender
Your spouse or partner can also apply
Cover continues for free when you’re 90
Our claims process is simple and efficient

Why buy from LV=
When you buy a product from LV= you get the reassurance of knowing that you’re part of our long history of providing financial security for our members and customers.
When they started in 1843 as Liverpool Victoria, their goal was to give financial security and peace of mind to more than just a privileged few. And today it’s much the same.
As a mutual, they don’t have to answer to external shareholders – so they can concentrate on looking after you.
As the UK’s largest friendly society* they are here to help you make the best choices when it comes to your money. And with a range of savings and investments, life insurance and general insurance products that are both good value and award-winning, they are bound to have something to interest you.
They have also continued to grow and remained financially strong despite the ongoing volatile market conditions and financial uncertainty.
(*Association of Friendly Societies Key Statistics 2008, based on total net assets).

Why is there specific insurance for the over 50s?
It’s never too late to plan for your future and take out life insurance, but as you get older you may find it more difficult to get the cover you want, particularly if you’re in poor health or have suffered a serious illness.
Maybe your house is paid off and your kids have graduated from college, but you still want your spouse to be taken care of. You might also be concerned about your family’s ability to pay your debts or funeral costs if you weren’t around. You may even wish to provide an estate to your children or grandchildren. There are many reasons for people over 50 to take out life insurance.
That’s why they offer the 50 Plus plan, which guarantees to accept you onto the policy as long as you are aged 50 to 80 and a UK resident (except Channel Islands and Isle of Man).
Unlike traditional life assurance, you can get covered with the 50 Plus plan regardless of any current health issues. You don’t have to complete a lengthy questionnaire or take a medical before you get cover from them.