How much does death insurance for the over 50s cost? It is normal that after the age of 50, many people ask themselves this question. Because, at this age, they begin to consider the importance of leaving everything well organized for when the time comes for their final departure. Not only for personal peace of mind, but also to protect loved ones from unexpected expenses and complex procedures.
In this article we tell you everything you need to know about funeral insurance: prices, types of premiums, coverage and tips for choosing the right insurance.
Funeral insurance prices for the over 50’s
In case you are still not entirely clear about what a death insurance is, we will start by telling you that it is much more than a death insurance. As a consequence, its prices are also different. The prices of a death insurance vary according to the age, the type of premium, the locality and the coverages included, or the type of insurance contracted. However, taking out this insurance at age 50 is more economical than taking it out at an older age.
Let’s take a look at the two main funeral insurance options that Adeslas offers you.
Price of Todo Previsto Decesos Insurance
The Todo Previsto plan for people between 50 and 60 years of age offers complete coverage:
- Funeral service
- Domestic and international transfers
- Legal assistance and document management
The monthly cost can range between 12 and 25 euros per month, depending on the type of premium chosen and the province of residence. For more information, you can consult all the details on the website of Adeslas Todo Previsto Decesos.
Adeslas Decesos Plus insurance price
This plan is more complete and customizable than the previous one. For people over 50 years of age, the monthly price can be around 20 to 30 euros, with variations according to personal conditions and the form of payment. In addition to the coverages indicated above, the Todo Previsto insurance includes:
- Online and notarized wills
- Psychological assistance for the family
- Periodic review of the will
- Repatriation from abroad
For more information go to Adeslas Decesos Plus.
Features that determine the price of funeral insurance
In general, the cost of insurance is not fixed, but depends on various factors such as the type of insurance, place of residence, premiums, age, etc.
Premiums
Choosing the right premium can make a difference in the final cost of insurance and how it fits into your economy.
Natural premium
The most common. Increases each year with the age of the insured. It is inexpensive at first, but can become more expensive over time.
Level or constant premium
The price remains stable over the years. It is ideal for those who prefer predictability.
Mixed premium
It combines the natural one during the first years and, later on, it becomes level.
Semi-natural premium
Similar to natural, but with more moderate increases and adjusted according to age tables.
Single premium
requires a one-time payment when taking out the insurance, which is usual for people over 70 years of age. It does not usually apply to those over 50, but it is important to be aware of it.
Location
The place of residence also influences the price, as the cost of funeral services varies between provinces.
Coverage: another factor affecting the cost of funeral insurance
Knowing what funeral insurance covers is key to understanding why the price may vary. Some coverages that may be included:
- Complete funeral service
- Domestic and international transportation
- Legal and administrative assistance
- Online and notarized wills
- Psychological care for the family
- Travel assistance
The more coverages included in the plan, the higher the cost, but also the greater the value (benefit) it offers.
Why should you take out a funeral insurance policy?
Beyond the price, a death insurance policy gives you peace of mind and allows your family not to have to face either high costs or urgent decisions at a delicate moment.
In addition, by contracting it with Adeslas, you can count on support, professionalism and personalized attention.
Hiring before the age of 60 means:
- Lower fees
- Greater choice of premium mode
- Immediate coverage with no waiting periods
What happens if you do not have funeral insurance?
Not having funeral insurance can be a financial and emotional problem for the family in one of the most difficult moments. Funeral expenses in Spain can easily exceed 3,500 euros, not including administrative costs, transfers or inheritance.
Besides, these are delicate moments where the last thing loved ones need are financial worries or complex procedures. Having everything planned allows the farewell to be calm and organized, without improvisations.
At what age is it advisable to take out a death insurance policy?
Although it can be hired at any age, doing so between the ages of 50 and 60 is usually the most common and the most advisable. At that age:
- Lower premiums are still available
- Easier to include in a family plan
- Coverage can be better customized
In addition, it is a stage in which financial and family planning begins to be more highly valued.
What should I look for when I take out a funeral insurance policy?
The key aspects to take into account if you are already considering death insurance are:
- Type of premium
- Age of insured
- Coverage included
- Possibility of adapting the plan in the future
- Value-added services such as testamentary, administrative or travel assistance services
Advantages of taking out death insurance with Adeslas
In addition to offering competitive prices and plans adapted to each profile, taking out a death insurance policy with Adeslas has additional advantages that make the difference:
- Extensive network of providers throughout Spain.
- 24/7 telephone attention to solve any doubt or need in delicate moments.
- No complex medical questionnaires when hiring.
- Immediate coverage, with no waiting periods for most services.
- Fast and uncomplicated processing.
By contracting with Adeslas you also have the option of adding complementary services such as the preparation of the will, legal guidance or repatriation in case of death abroad.
In summary, beyond how much it costs a death insurance for over 50 years, you should know that you can find very complete and affordable options, especially if you hire it in time. Adeslas offers flexibility, customization and quality service designed for you and your family.
