You may have seen on TV information on Axa Life Insurance Over 50, so what is it all about?
As we reach the older years of our lives, it becomes more and more important to start looking into life insurance policies.
Life insurance is a great benefit when you pass away – this type of insurance can help ensure that loved ones are taken care of when you can no longer do it yourself.
Many people believe that purchasing life insurance over the age of 50 means higher premiums that may not be affordable.
Luckily, Axa offers a life insurance plan specifically for older individuals, and its close relationship with Claybrooke Life Insurance means policy seekers will get the best possible coverage for their money.
Click To Compare QuotesWhy is Axa’s Guaranteed Over 50 Plan Right for You?
Many benefits make Axa’s Over 50 Life Insurance plan an excellent choice for older policy seekers.
This plan is an affordable, simple way to leave funds behind for spouses and loved ones when you pass away.
Beneficiaries can use these funds to help pay outstanding debts and funeral costs.
Additionally, premiums for the Guaranteed Over 50 Plan start as low as £4 a month, one of the lowest payments available for this coverage.
Finally, policy seekers can relax knowing that the application process for this type of plan does not require asking any medical or health-related questions.
Guaranteed Acceptance and Affordable Premiums through Axa’s Over 50 Life Insurance
For Axa’s Over 50 Life Plan, acceptance is guaranteed for individuals between the ages of 50 and 85 who live in the United Kingdom without having to ask any health questions or requiring information about your family’s medical history.
Policyholders can also choose their premium payments, ranging anywhere from £4 to £74, as long as the payout sum does not exceed £25,000.
Axa also offers the first month’s premium free and promises never to increase payments or decrease coverage.
However, it is essential to know that inflation may affect the cash sum’s value over time.
Click To Compare QuotesPayout Information For This Type Of Plan – Axa Life Insurance Over 50
Axa’s Over 50 Life Insurance plan provides a guaranteed cash sum payment that will be paid out as long as the policy is held for at least two years and premiums are paid regularly.
If premium payments were to stop, so would the policyholder’s coverage.
In the unfortunate event that the policyholder dies in the first two years of holding the policy, only the premiums paid into the policy will be paid out plus half as much again.
Another payment scenario is if the policyholder passes away in an accident or up to three months after the accident, as the policy will be paid out in full.
Funeral Benefit Option Available with Axa’s Over 50’s Life Plan – With No Medical Checks
Axa also offers a Funeral Benefit Option with its over 50 Life Insurance Plan, in which the assured amount is paid directly to Golden Charter when you pass away to cover any funeral costs.
Additionally, Golden Charter will contribute an additional £250 toward any costs as a thank-you for allowing them to conduct your funeral services.
This extra benefit will help lessen the burden on loved ones and spouses to pay for expensive funeral and burial services.
Applying for this benefit is easy—check the box next to “Funeral Benefit” when submitting your application.
Click To Compare QuotesFor older life insurance policy seekers, thinking about life after passing on and its impact on their loved ones can be uncomfortable.
But, planning can provide enormous relief for everyone, policyholders and loved ones alike.
Although many older individuals feel that their premiums will only be higher in the later years of their lives, the Axa Over 50 Life Insurance Plan is a great, affordable option that many people do not expect.
Claybrooke Life Insurance’s close relationship with Axa will increase the benefits for policy seekers.
What is the AXA over 50 plan?
It is over 50s life insurance, a form of life cover that is very affordable. It also offers health and wellbeing services for people with many common personal circumstances.
What does over 50s life insurance cover?
It gives uk residents who maintain the monthly payments a cash lump sum for things like funeral expenses.
What is the retirement age for AXA?
It is 65 for a UK resident.
Address to settle unpaid bills and monthly premiums
Financial Services
20 Gracechurch Street
London
EC3V 0BG
UNITED KINGDOM
Phone This life insurance provider to make sure you are fully covered
Call Us
Website to pay monthly premiums
Firm reference number for a savings or investment product
202312
Registered company number for more existing customers
Other company names and trading names with associated start and end dates:
Moja Trading life insurance over 50 15 Jun 2022 – term life insurance
Swiftcover life insurance providers Trading 08 Aug 2013 – funeral planning
Swiftcover.com Trading 08 Aug 2013 – joint policy terms with no additional cost
AXA Insurance UK Plc Registered 04 Oct 1999 – easy claims process
AXA Insurance plc Registered 01 Oct 1998 03 Oct 1999 to cover funeral costs
AXA Provincial Insurance plc Registered 01 Jan 1998 30 Sept 1998 with a UK team
UAP Provincial Insurance plc Registered 01 Jan 1996 31 Dec 1997 for non smoker terms
Provincial Insurance plc Registered 24 Feb 1982 31 Dec 1995 for estate tax enquiries
Provincial Insurance Company Limited Registered 03 Nov 1966 23 Feb 1982
Axa ppp health insurance
Friendly Team Opening Hours
Mon – 10:00 AM – 08:00 PM
Tue – 10:00 AM – 08:00 PM
Wed – 10:00 AM – 08:00 PM
Thu – 10:00 AM – 08:00 PM
Fri – 10:00 AM – 08:00 PM
Sat – 10:00 AM – 08:00 PM
Sun – 12:00 PM – 06:00 PM
Other Key Features:
- No medical examination over 50s life cover and no medical questions
- The monthly premium covers accidental death support services
- If you stop paying premiums, the total premiums paid have zero cash value
- Get excellent financial protection with affordable cover with a guaranteed payout
- Protect your family’s future with mental health separate policies.
- You can choose how much cover as long as you are a permanent UK resident
- The lump sum payout can go towards a funeral plan if you don’t add funeral benefit option bolton
- The full cash sum is covered by the prudential regulation authority
- Your smoker status does not matter
- You are guaranteed to be accepted if you are aged 50 to 80
- There may be implications with your inheritance tax with this life policy.
- A great way to protect the financial security of your loved ones should the worst happen.
- The benefit amount can be increased part way through the policy if you want
- There is no cash in value, and you should choose the cover amount or benefit amount carefully
- The policy documents include a helpful guide which it makes it easy for UK residents aged 50 or above to make a claim
- It is designed for the rest of your life
- It would be best if you considered the current buying power of the money you put in your over 50s life insurance plan.
- For many people, Dignity Funerals Limited offers a good planning opportunity for individuals aged between 50 and 80
