Saturday, March 12, 2016

An over 50s policy is a whole-of-life insurance policy designed to leave your loved ones with a tax free lump sum in the event of your death. This lump sum could be used to pay for funeral costs, household bills or simply as a financial gift for your family.

Over 50s life insurance is available to UK residents aged 50 to 80. With an over 50s policy there is no medical required and acceptance is guaranteed. You decide on your monthly premium and the provider will show you what pay-out to expect. This could be ideal if you’re looking for a life insurance policy where you choose what you want to pay and no medical checks are needed.

Don’t think an over 50s policy is the best option for you? You may find more suitable cover through our standard life insurance quote process.
0

Sunday, March 6, 2016



Life Insurance coverage is subject to underwriting and is not guaranteed. Life insurance quotes are estimates based on information that you supply, not firm quotes or offers. Your actual premium will be based on complete underwriting and may differ from these quotes. Insurance coverage may not begin until underwriting approval, the policy has been issued, and all necessary outstanding requirements including payment have been received.
Like most insurance policies, MetLife's policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force. For complete costs and details, see your MetLife Financial Services representative.
Guarantees apply to certain insurance and annuity products (not securities, variable or investment advisory products) and are subject to the insurer's claims-paying ability and financial strength.
MetLife Term Life Insurance is issued by MetLife Insurance Company USA, Charlotte, NC 28277, policy form #5E-23-12 (except in NY)(not available in all states), and by Metropolitan Life Insurance Company, New York, NY 10166, policy form #1E-23-12-NY (NY only).
MetLife Promise Whole Life, MetLife Promise Whole Life 120, MetLife Promise Whole Life Select 10, MetLife Promise Whole Life Select 20, and MetLife Promise Whole Life Select 65 are issued by MetLife Insurance Company USA generally on Policy Form 5E-12-10 in all jurisdictions except New York, where they are issued by Metropolitan Life Insurance Company generally on Policy Forms 1E-15-13-NY.
MetLife Provider Universal Life is issued by MetLife Insurance Company USA on Policy Form 5E-36-12 and in New York only by Metropolitan Life Insurance Company on Policy Form 1E-36-12-NY. All product guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.
MetLife Secure Flex Universal Life is issued by MetLife Investors USA Insurance Company on Policy Form 5E-38-14 and in New York only by Metropolitan Life Insurance Company on Policy Form 1E-38-14-NY. All product guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.
Legacy Advantage Survivorship Universal Life is issued by MetLife Insurance Company USA on Policy Form 5E-32-05 and in New York only by Metropolitan Life Insurance Company on Policy Form 1E-32-05. All product guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.
Simplified Issue Term Life Policy is issued by MetLife Insurance Company USA, Charlotte, NC 28277 (form # 5E-26-13), and in New York by Metropolitan Life Insurance Company, New York, NY 10166 (form # 1E-26-13-NY). All are MetLife companies.
1

What Is Life Insurance?

New to buying life insurance? Learn how it works and what you need to understand to choose your coverage.
A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death.
Typically, life insurance is chosen based on the needs and goals of the owner. Term life insurance generally provides protection for a set period of time, while permanent insurance, such as whole and universal life, provides lifetime coverage. It's important to note that death benefits from all types of life insurance are generally income tax-free.1
There are many varieties of life insurance. Some of the more common types are discussed below.

Term life insurance

Term life insurance is designed to provide financial protection for a specific period of time, such as 10 or 20 years. With traditional term insurance, the premium payment amount stays the same for the coverage period you select. After that period, policies may offer continued coverage, usually at a substantially higher premium payment rate. Term life insurance is generally less expensive than permanent life insurance.
Needs it helps meet: Term life insurance proceeds can be used to replace lost potential income during working years. This can provide a safety net for your beneficiaries and can also help ensure the family's financial goals will still be met—goals like paying off a mortgage, keeping a business running, and paying for college.
It's important to note that, although term life can be used to replace lost potential income, life insurance benefits are paid at one time in a lump sum, not in regular payments like paychecks.

Universal life insurance

Universal life insurance is a type of permanent life insurance designed to provide lifetime coverage. Unlike whole life insurance, universal life insurance policies are flexible and may allow you to raise or lower your premium payment or coverage amounts throughout your lifetime. Additionally, due to its lifetime coverage, universal life typically has higher premium payments than term.
Needs it helps meet: Universal life insurance is most often used as part of a flexible estate planning strategy to help preserve wealth to be transferred to beneficiaries. Another common use is long term income replacement, where the need extends beyond working years. Some universal life insurance product designs focus on providing both death benefit coverage and building cash value while others focus on providing guaranteed death benefit coverage.

Whole life insurance

Whole life insurance is a type of permanent life insurance designed to provide lifetime coverage. Because of the lifetime coverage period, whole life usually has higher premium payments than term life. Policy premium payments are typically fixed, and, unlike term, whole life has a cash value, which functions as a savings component and may accumulate tax-deferred over time.
Needs it helps meet: Whole life can be used as an estate planning tool to help preserve the wealth you plan to transfer to your beneficiaries.
0


Life insurance or life assurance, especially in the Commonwealth, is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).
0

Author