Your Over 50s Life Insurance Quote

This amount is typically linked to the value of an outstanding mortgage plus any other loans or credit cards. For extra protection, some people add the equivalent of a death-in-service employment benefit, which is usually 3 times your salary. For the average applicant in good health, as a rule of thumb, £10 per month buys £100,000 worth of cover.

The duration of the policy is usually linked to the time left to pay off a mortgage, or the expected date of retirement, whichever is further away. The longer the term, the higher the risk that the policy will pay out and the higher the premium, but the more peace of mind.

Critical Illness Cover is normally based around a fixed or increasing amount of cover (in line with inflation) to maintain a consistent level of protection. Drecreasing policies are normally only associated with a repayment mortgage.