Over 50 Life Insurance allows you to leave behind a lump sum for your loved ones. This could help with practical things such as bills, outstanding debt or funeral costs or it could be left as a cash gift. Zestylife is an Over 50 Life Insurance provider that offers cover with no waiting period¹, so you’re protected from day one. 

Zestylife Over 50 Life Insurance is a whole-of-life policy meaning that provided payments are kept up with, it is guaranteed to remain in place for the duration of the insured individual’s lifetime. When you choose a policy with Zestylife, your loved ones are guaranteed a lump sum payment when you pass away. You choose a benefit amount that meets your needs and a rate of monthly premiums that you can comfortably afford. Once you’ve secured your policy, you will have protection from day one.¹

Unlike other Over 50 Life Insurance providers, with Zestylife you’re covered from day one.¹ If you pass away at any time during the first 12 months of your policy from any cause, you are covered up to £5,000. There’s also double the full benefit amount covered from death as a result of an accident for that first year. This means that once your policy is put in place, you’ll also be covered if you were to contract coronavirus and subsequently pass away. From the policy anniversary after your 95th birthday, your cover will be free.

If you pass away due to a non-accidental death in the first 12 months, there is a maximum of payout of £5k. If you miss two consecutive monthly premium payments, your cover will stop. If you lie on your application or leave out important information your policy will not be valid.

Over 50 Life Insurance could be for you if you have loved ones that depend on you financially or if you want to leave something behind for your family. A lump sum could help cover bills, pay for funeral expenses or be used as a gift for your loved ones to do with as they wish. 

Yes, if you already had a policy with Zestylife and were to contract coronavirus and subsequently pass away, you'll be covered under your policy.

Zestylife’s Over 50 Life Insurance is a whole of life policy. This means that you pay monthly premiums until the policy anniversary following the 95th birthday and your loved ones are guaranteed a payout when you die. After you reach the age of 95 your cover is free. Unlike term life insurance, which has a policy end date, a whole of life insurance policy ends when the person who's insured dies.

You can choose to take out a single or a joint policy. With a single policy, you are insuring just one person under the policy. So, if you die, your loved ones will receive one payout.

A joint policy, on the other hand, is where you insure two people under one cover. Your premiums will be calculated according to information required from both policyholders. Usually, a payout is made when the first person dies, and the policy then ends. With Zestylife, there are two payouts for each life insured with a joint policy. One when the first person dies and a second when the remaining person on the joint policy passes away.

With other Over 50 Life Insurance policies you will have to wait a certain amount of time until you have full coverage. At Zestylife, we will ask you a few health and lifestyle questions and if you have been accepted you are covered from day one.¹

The cost of your Over 50 Life Insurance premium will depend on your age, your chosen benefit amount and whether or not you choose a single or joint policy. Zestylife’s cover starts from just £4.26 a month (for a 50-year old non-smoker with a £1,000 benefit amount) to help put financial protection in place for your loved ones doesn’t have to break the bank.

Yes, with Zestylife you can opt for a joint policy. This means that there will be two policyholders under one cover. With a joint policy from Zestylife, there will be two payouts. One when the first policyholder passes away and a second when the other person on the joint policy passes away. Your monthly premiums will be calculated according to information required from both policyholders.

At Zestylife we won’t ask you to complete a medical. However, when you are applying we will ask you a few short questions about your health and lifestyle. The answers to these questions will determine acceptance for the policy. 

Both types of insurance offer protection that pays out a lump sum when the policyholder passes away. While Life Insurance is typically only in place for a specific amount of time, or ‘term’, Over 50 Life Insurance covers the policy holder for their whole life. Over 50 Life Insurance could be a simple and affordable way for you to leave some money for your loved ones when you're no longer around. 

When you apply to take out an Over 50 Life Insurance policy with Zestylife, we’ll ask you a few simple questions about your health and medical history.

If you have any concerns about your ability to secure an Over 50 Life Insurance policy with us, simply call us on 0800 152 2190 and one of our friendly UK agents will talk you through your options.

Our Over 50 Life Insurance policy is flexible, so making changes is simple. You can apply for free to make changes to your cover whenever you need to, so just call us today on 0800 152 2191 and one of our team will walk you through the process. 

In the UK, there is no specific tax on life insurance. However, your payout could be subject to inheritance tax (IHT). If the value of your payout is over a certain threshold, it may be considered part of your ‘estate’ and included in the IHT calculation. 

This can be quite a complex subject. If you need any additional information or are just no sure what to do next, you should get in contact with a financial advisor or solicitor. They are in the best position to give you all the right information. It is important to note that the Government may change some of the details around IHT, so make sure to check their website for the most up to date regulations. 

Yes. Writing your insurance plan in trust means that your payout will not be included in the calculation of your estate, so it won’t be subject to inheritance tax. Only single policies can be put into trust, if you are thinking about putting your policy into trust you can find more information here.

With Zestylife you can choose a level or increasing policy. With a level policy, your monthly premiums will stay the same for the duration of the policy. An increasing policy, on the other hand, will have increasing monthly premiums. Your monthly premiums will increase by 4.5% each year, and at the same time, your benefit amount will increase by 3% each year to help keep up with the cost of living. 

Making a claim with Zestylife is easy. Simply call us or email claims@zestylife.com and we will send you, or your loved ones, a form to be completed, signed and returned with supporting documentation. As soon as the claim is accepted, we will pay the benefit to the person who is legally entitled to it and we will refund any premiums paid between the date of death and the date the claim is paid.

Here’s a breakdown of how much cover you could get, depending on your age:

£1,000 up to £22,000 (aged 50-69 at start date)
£1,000 up to £20,000 (aged 70-74 at start date)
£1,000 up to £13,000 (aged 75-80 at start date)

Our Over 50 Life Insurance could be a simple and affordable way for you to leave behind some money for your loved ones when you die. Whether it’s for funeral expenses, outstanding debts, or even a gift for your family, you can feel confident that your loved ones are in safe hands with Zestylife.

Some employers do offer life insurance. If you do choose to take out life insurance through your employer, it’s important to note that if you were to leave your job for any reason, you may no longer have the protection in place. 

Yes, you can have more than one Over 50 Life Insurance policy. Just remember that if you have more than one policy with Zestylife, together they cannot exceed the maximum benefit amount for your age. The maximum benefit amount for your age applies regardless of how many policies you might apply for. The limits are as follows:

50-69 a maximum of £22,000
70-74 a maximum of £20,000
75-80 a maximum of £13,000

So this means that if you are 50 at the time of application, the maximum amount you can be insured for with Zestylife is £22,000. There are some situations where you might find it suits you better to have more than one policy. For example, couples may opt to have two single policies instead of a joint policy.

If you die from a non-accidental death within the first year of your policy, there is a maximum payout of £5k. This is also the case if you pass away as a result of an accident within the first year double the full benefit amount will be paid out. 

If you miss two consecutive premium payments, your plan and cover will end and you won't get back any premiums you've paid.

Zestylife Over 50 Life Insurance is a whole of life policy. That means you pay your monthly premium until you pass away, or until the policy anniversary after your 95th birthday, at which point your cover is free.

As long as you’re a UK resident and aged 50 to 80, you can apply for Zestylife Over 50 Life Insurance. 

Once your policy is in place you will be covered for the first year for up to £5,000 of your benefit amount and full cover for accidental death. With Zestylife you’re covered from day one¹.

Whatever benefit amount you choose now, its purchasing power might be a lower in a few years’ time due to inflation. To help protect your policy from the effects of inflation, we offer 'increasing' Over 50 Life Insurance. As the name suggests, in order to help keep pace with inflation, your benefit amount will increase each year by 3%. Your monthly premium will increase by 4.5% each year.

If you pass away due to a non-accidental death in the first 12 months, there is a maximum payout of £5k. If you miss two consecutive monthly premium payments, your cover will stop. If you lie on your application or leave out important information, your policy will not be valid and you will not receive a payout.

Yes, you can cancel your Over 50 Life Insurance policy at any point in the duration of the policy. If you cancel your policy within the first 30 days you will be entitled to a 100% full refund of premiums. You should bear in mind that after this 30 day period if you decide to cancel you won’t get any money back from payments already made.

There is no cash-in value for your policy at any point.

Zestylife Over 50 Life Insurance is a whole of life policy. That means your cover will be in place until you die, unless you choose to cancel it or you miss two consecutive payments. 

A person can apply to take out Over 50 Life Insurance if at the start date they are living in the United Kingdom, aged 50 to 80 and pass the eligibility questions asked about their health and lifestyle. If you meet these requirements you can apply for a single policy or a joint policy.