Frequently asked questions

• What is Over 50 Life Insurance?

  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. 

• How does over 50 life insurance work?

  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

• What does it cover?

  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.

  
  

• What does it not cover?

  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.

  
  

• Do I need Over 50 Life Insurance?

  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. 

  
  

• Am I covered for coronavirus?

  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.

  
  

• What types of Over 50 Life Insurance are there?

  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

• How much does Over 50 Life Insurance cost?

  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.

• Can I have a joint plan?

  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.

• Do I need a medical?

  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.