Trustpilot
Show More

Ask an Expert

Can I take out a funeral plan when I’m over 80?

Having a funeral plan ensures that when you pass, your family do not have to pay the costs themself. It’s a great gift to give, providing peace of mind for both yourself and your loved ones. But insurance companies are notorious for refusing cover to high-risk customers, so can you take out a funeral plan if you’re 80 or older?

You might be surprised to know that it’s possible to get a funeral plan when you’re over 80. Many providers have a no age policy, meaning they will at least consider your application no matter what stage you’re at.

It’s important to note, however, that this doesn’t mean you will automatically be accepted. When assessing the merits of a funeral plan, life insurance providers will consider the chances of a claim being made. This means that they will consider numerous other factors, such as your health and lifestyle, before allowing you to take out a policy.

 

Related guides

Family Life Insurance

Family life insurance provides essential financial protection for your loved ones in the event of your untimely death. A life insurance policy ensures that your family can meet their financial obligations, maintain their standard of living, and cope with expenses such as mortgage payments, education costs, and daily living expenses. Without such coverage, families may struggle to sustain their current lifestyle and fulfil their long-term financial commitments.

Does my family history affect my life insurance?

Life insurance is, by nature, a complicated business. In order to create life insurance policies that provide value to both the policyholder and the insurance company, life insurance providers need to understand as much as possible about each applicant. This information is used to work out a customer’s risk to the insurer, and is judged by collecting as much information about them as possible.One key factor insurers consider is how family health history affects your life insurance policy. While it may seem unfair that your life insurance policy could be influenced by conditions you do not have, the reality is that your family health history can play a major role in determining your risk profile.

How Insurers Calculate Premiums

Ever wondered why your life insurance policy costs as much as it does? Or why the cost of your existing policy might be changing?We’ll go through the kinds of things that insurance providers take into account when quoting life insurance policies they offer, and in doing so show you how you might be able to keep costs down wherever possible.