Guide to over 70s insurance
Getting the right insurance often proves a valuable investment – knowing you and the people you love are looked after and that all your affairs are in order if anything ever goes wrong can offer real peace of mind.
If you’re over the age of 70 however, you might find purchasing insurance isn’t as straightforward as it once was. The older we get, the more difficult it can be to find sensible cover at a fair price. However, the good news is that there are more and more insurance brokers who offer policies of all kinds that are specifically tailored to seniors, and with a little research, you can find one that gives you the cover you need.
Researching over 70s insurance options
The Internet is an incredibly useful tool when it comes to finding and comparing insurance policies. With a little research you can scope out the best policies and find resources that help you make the right decision and put your mind at rest.
Before you start shopping, it’s a good idea to understand the ins and outs of insurance policies when you’re in your 70s. Some types of insurance are more straightforward than others – for example, travel insurance and car insurance are relatively simple to purchase, and there are plenty of providers that have tailored policies that are designed to suit your age and lifestyle.
However, when it comes to life insurance, it’s important to consider the decision much more carefully – while it’s still possible to purchase a life insurance policy over the age of 70, this type of cover can be expensive and can come with significant exclusions, so be sure to read the policy terms and conditions very carefully before proceeding.
To help you understand the risks, consumer watch group Which? has published an informative guide of common pitfalls to watch out for. The Telegraph has also discussed the risks of purchasing life insurance policies later in life in its article about over 50s life insurance plans, which can help you identify things to look out for when you’re shopping around.
Finding deals and comparing prices for over 70s insurance
Price comparison websites can make shopping for insurance simpler – you can request several quotes at once and compare policies and prices directly against one another. Many of these websites also make it easy to specifically search for policies for over 70s. For example, Money.co.uk has put together a useful list of life insurance brokers with life insurance policies for over 70s, along with a list of the best travel insurance brokers for seniors. Other comparison websites don’t distinguish age specifically over the age of 50 – instead, you might find it more useful to search for insurance for seniors or insurance for over 50s if you’re looking on popular sites like Moneysupermarket.
The same applies when you go directly through an individual insurance broker. Companies like the British Seniors Insurance Agency for example will cover you right up until the age of 79, so don’t be put off until you’ve read the fine print of the policy. Age UK is another broker that specialises in travel insurance for over 65s, 70s and 80s, and makes it easy to understand the terms and conditions as well as important things to know before you buy.
The contents of this article are for reference purposes only and do not constitute financial or legal advice. Independent financial or legal advice should be sought in relation to any specific matter. Articles are published by us without any knowledge or notice of the circumstances in which you or anyone else may use or rely on articles or any copy of the information, guidance or documents obtained from articles. We operate and publish articles without undertaking or accepting any duty of care or responsibility for articles or their contents, services or facilities. You undertake to rely on them entirely at your own risk, and without recourse to us. No assurance of the quality of articles is given or undertaken (whether as to accuracy, completeness, fitness for any purpose, conformance to any description or sample, or otherwise), or as to the timeliness of the publication.
Latest posts by Sally - Silversurfer's Editor (see all)
- Should seagulls be culled? - July 23, 2019
- Beach Boys lyric or Qantas route? - July 22, 2019
- Would you be happy sharing your local woodland with top predators? - July 18, 2019
- 6 common suncare mistakes not to make this summer - July 15, 2019
- Thai Fragrant Coconut King Prawn Curry - July 15, 2019
Leave a Comment!
Community Terms & Conditions
These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.
You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.
be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.
Contributions must not:
contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
Nurturing a safe environment
Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.
We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!