Halifax Over 50 Life Insurance. Fact! If you don't compare over 50 plans you will not get the lowest price. Choose the best policy and save £1000s.
Halifax Over 50 Life Insurance
Halifax is one of the most popular companies when it comes to life insurance for those aged over 50. Any UK resident aged between 50 and 75 can apply for the cover and can get insured straight away.
The Over 50 Guaranteed Life Plan offers a lump sum payment to give your family and loved ones some financial support when you aren’t there for them. As a guaranteed plan there is absolutely no medical examination or intrusive medical questionnaire and they do not contact your GP.
The premiums are advertised to start with as little as £10 per month. For many, this insurance money will be the thing that will clear unpaid bills and also to help pay funeral costs of the policyholder.
About the company
Halifax is actually a trading name under which the Bank of Scotland operate. The company now belongs to Lloyds Banking group, and as a result is currently largely owned by the Government after they were helped out financially. The company is mainly concentrated in England, Wales and Northern Ireland. The company has its headquarters in Halifax, a town in West Yorkshire. The slogan of the firm shouts out “A little help”, and they have famous albeit quite annoying adverts starring members of staff. Halifax provides banking facilities apart from providing insurance and pension policies. The company won the awards for Best Banking provider and Best Student Banking provider in 2009. They are famous for their specialised and diverse insurance policies and the wide number of banking services they provide. Before 2007 the company was the largest Building Society in the country, but now as a bank they provide a wider range of services including current accounts and credit cards.
History of the company
Halifax was founded in 1853 and it was called The Halifax Permanent Benefit Building and Investment Society at the time it was established. The firm tried to fix itself in UK and opened many branches. As a result of this, by the start of the year 1913, Halifax became the largest building society in the UK. In 1924, the company started its branch in London. Later in 1928, a branch was opened in Scotland.
In 1928, Halifax dissolved into Halifax Equitable building society and was then named Halifax building society. Currently the company has strength of about 141,000 employees who receive regular salaries. In 1980 Halifax set its foot into mortgage business. In 2007, all the funds and assets of the company were transferred to the bank of Scotland and the name was kept only for business purposes.
Other Life Insurance plans
They offer life insurance plans that are underwritten by Scottish Widows to help policyholders take out protection for their family and loved ones. Types of cover include life cover, lifetime cover, critical illness cover and income protection.
Other insurance plans provided are:
- Funeral plan that covers all the expenses of the insured person’s funeral.
- Holiday insurances that covers problems that might arise during vacation.
- Car insurance that takes care of the expenses in bringing back your car to the former shape after an accident.
Halifax Over 50 Life Insurance Review
Most customers are happy with their service and levels of protection provided. The review at reviewcentre has not been rated yet. There was just a single review on the page. You can always leave your review at reviewcentre and help others take out cover.more information