Over 50's Life Insurance

What is Over 50's Life Insurance?

• a type of life cover designed for people aged 50 and above who is in great health

• a type of life cover designed for people aged 50 and above who cant afford whole of life cover

• a type of life cover designed for people 50 and below

• a type of life cover designed for people aged 50 and above that pays a lump sum when they die

How long is the term for National Friendly Over 50's Guaranteed Life Assurance Plan?

• Up to 90 years old

• Whole of Life

What is the entry age for National Friendly Over 50's Guaranteed Life Assurance Plan?

• 50 to 80 years old

• between the ages of 50 to 80 years old if you are a non-smoker; or between the ages 50 to 75 years old if you are a smoker.

• 49 to 89 years old

• Available for everyone

It is the amount of time after which the full sum assured will be paid for non-accidental death.

(a)  

True or False. Both National Friendly and One Family Over 50's Life Insurance allow more than 1 Over 50's policy.

• True as long as it combined premium and/ or sum assurred does not exceed the max limit

• No. The policy is designed for clients to have 1 policy only

What is the Guaranteed Acceptance for National Friendly?

• The client gets approved without medical questionnaire

• The client can only have standard rates hence application is accepted without medical questions

• Client can choose not to answer medical questions and be on standard premium or they can answer 2 medical questions for a shorter qualifying period and discounted premiun

• None of the above

Under One Family over 50's life insurance, - if the client dies within the first two years due to non- accidental cause, their estate will receive ​ (a)   ​ of the premiums paid

(b)  

What are the 3 additional benefits that One Family Over 50's life Insurance have that are not available with National Friendly Guaranteed Life Assurance Plan?

• Terminal Illness

• Funeral benefit

• Helpline

• Counseling/ Bereavement support