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It is said that we are at our happiest when we are in our fifties
and above. This is usually down to being in a strong relationship,
mortgage paid off and our children being happy and independent.
For some however these can be stressful times as well. Many people in their fifties find themselves being part of the 'sandwich generation' where they still have their elderly parents to look after along with their children and even grandchildren to look out for.
For those over 50 life insurance is not something we want to have to think about, however could your dependants both young and old cope financially if you were to contract a serious illness or even worse if you weren't around?
Susan Barclay, head of marketing at Scottish Provident said
"There has been a rise in recent times of what is dubbed
the 'sandwich generation' - people who have both children and
elderly parents financially reliant on them. For these people,
cover of some kind is even more essential."
No health checks
There are a number of advantages to life insurance for the over 50s and a number of important things to remember.