Nationwide has launched a new life cover plan open to all over-55s, regardless of their health.
The Nationwide Over-55s Life Cover Plan is available to all customers between 55 and 75 and offers guaranteed premiums which will never increase.
Nationwide says the new plan, which offers an assured sum up to a maximum of £20,000, is perfect for the "silver generation".
Divisional director for insurance at Nationwide, Robin Bailey, said: "The Over-55s Life Cover plan offers guaranteed acceptance between the age of 55 and 75 - without the need for a medical or statement of health.
"Premiums start from only £6 per month and provide a competitive lump sum payment in the event of death which can be used for any purpose.
"This could be to cover funeral expenses or even provide a small nest egg for a family’s well-being."
The plan really does offer cover for life, although all payments cease at the age of 90, says Nationwide.
Customers can find out more by calling the building society or visiting its website.To read more about Life Insurance, click here.
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