Life Insurance Over 50 | Compare Quotes

Understanding Life Insurance For Over 50

Advantages of Life Insurance for Over 50

Life Insurance policies for those over the age of 50 most often don’t require a medical examination. When you’re over 50, you’ve likely experienced a minor illness or undergone some form of surgery, and the older you get, the higher the likelihood of needing to claim.

Another advantage is that, depending on the insurer and policy chosen, premiums can be fixed — helping pensioners manage costs on a stable income without worrying about annual increases.

Important things to consider

It’s important to note that Life Insurance policies for those over 50 do not build up value over time like an investment. If monthly payments are not maintained, the policy may lapse and become worthless.

As with all policies, it’s best to research your options before deciding if this is the right cover for you. Compare Life Insurance quotes online with Hippo.co.za.

Compare 12 of SA’s top Life Insurers

All our Life Insurance partners are licensed Life Insurers and FSP’s, vetted to meet our internal compliance and quality standards.

We are always trying to add more brands for our customers. If you don’t see a brand, that’s their decision.

SA’s Leading Life Cover Comparison Site

Once you go Hippo, you don’t go back. Just ask these customers:

I find Hippo a very useful tool for comparing quotations and sometimes the quotes I have received from Hippo ended being exactly the same when I spoke and finalised with the chosen insurance company. And most of my insurance policies are sourced through Hippo

Anonymous

its a free digital comparison platform in South Africa that saves you the time of calling individual insurers. It allows you to enter your details once to instantly retrieve side-by-side quotes from up to 12 trusted providers.

Anonymous

It was so easy to fill in what was needed to get the quotes from Hippo. And then when I left the site, I received a whatsapp reminding me of the results I received and could there and then select which quote I wanted follow-up on. Got a call within 5 minutes from the selected company. Great experience.

Anonymous

Independent Service Rating based on 20 704 service ratings.

Over 50? Cover can still fit

Frequently Asked Questions

Can I still get Life Insurance if I’m over 50?

Yes. Many insurers offer Life Insurance specifically designed for people over the age of 50. These policies usually pay out a lump sum after you pass away and are structured to suit later-life financial needs.

Why are premiums higher for Life Insurance over 50?

Premiums are generally higher because insurers consider older applicants more likely to claim sooner. However, many providers offer policies with benefits and cover limits that help keep premiums more affordable.

Do I need a medical exam if I apply for Life Insurance over 50?

In many cases, no medical examination is required. Life Insurance policies for those over 50 often use simplified underwriting, making it easier to qualify even if you’ve had previous illnesses or surgeries.

Can premiums be fixed on Life Insurance for over 50s?

Yes. Depending on the insurer and policy, premiums can be fixed. This means you won’t face yearly increases, which can be especially helpful for pensioners with a fixed monthly income.

Does Life Insurance over 50 build up cash value?

No. Life Insurance policies for over 50s generally do not build up value over time like an investment. The policy only pays out if you keep up with monthly premiums and pass away while the policy is active.

What happens if I stop paying my premiums?

If you stop paying your premiums, the policy may lapse and become worthless. It’s important to choose a policy with premiums you can comfortably afford long term.

Is Life Insurance over 50 worth it?

It can be, especially if you want to cover funeral expenses or leave a lump sum for loved ones. Comparing different policies helps you find cover that suits your budget and financial goals later in life.

Expert Tools, Tips and Guides

Explore our Life Insurance guides, from basic policy explanations to specialised cover like Mortgage Life Insurance, joint cover and high-risk options.

What is a Life Insurance policy?

Find out how Life Insurance works, what it covers, and how to choose a policy that fits your needs.

Life Insurance for Children

Understand how cover for children works, how value builds over time, and when these policies pay out.

High-Risk Life Insurance

See how insurers assess higher-risk jobs, hobbies and health profiles, and what that means for your premiums.

Joint Life Insurance

See how one policy can cover you and your partner under shared terms, and when a joint policy makes financial sense.

Traditional Whole Life Insurance

Learn about lifelong cover (often up to age 95), fixed premiums and guaranteed payouts to your beneficiaries.

Term Life Insurance

Understand fixed-term cover, how it works for temporary needs, and what happens when the term comes to an end.

Pre-Existing Medical Conditions

Find out how existing health conditions affect your Life Insurance application, waiting periods and exclusions.

Mortgage Life Insurance

See how this type of cover protects your bond by paying off the outstanding home loan if you pass away.

Critical Illness Cover

Learn how Critical Illness Cover works, what conditions may be covered, and how payouts can help with treatment and recovery costs.

Universal Life Insurance

Explore flexible life cover that can adjust over time, and learn how premiums and benefits may change based on your needs.

Life Insurance for Parents

Learn how to take out cover for your parents when they can’t do so themselves, or add them to your existing policy.

Compare more than just Life Insurance

With Hippo we make it easy to find great deals across multiple products.

Funeral Cover

Covers the immediate costs associated with a funeral. Premiums are influenced by your age, number of policy members and amount of cover.

Medical Aid

Gives you access to private healthcare. Compare plans, benefits and costs to find the right fit without paying for cover you don't need.

Home content insurance

Covers your home's contents against damage, theft and loss. Compare quotes to find the most competitive rate.

Business Insurance

Protects your business’ property, assets and third-party liability. The right cover depends on the nature, size and risk profile of your operations.

Personal Loans

Compare rates across multiple lenders to find a fair deal. Rates vary based on your credit profile and chosen loan term, so comparison matters.

Car Insurance

Covers your vehicle against damage, theft and third-party claims. Premiums vary by driving history, usage, vehicle model and where you park overnight.