Life Insurance
 

I'm 67 years of age, living over here in Spain. Anyone please give me advice as to obtaining some form of life insurance or have I left it too late? :(
Any companies recommended please?
Thanks.

Re: Life Insurance
 

Usually the costs are higher and higher as you age so personally I would have thought that your premiums would be excessive and although you may find a company that will insure you many will not.

We could not get insurance to cover the mortgage when we bought the house here when Graham was 59 years old.

Rosemary

Re: Life Insurance
 

I agree with Rosemary. When we bought with a mortgage and had to have Spanish life insurance it was not cheap for me not too bad for the wife. In 3 years it went up over 100 Euros per year as I got older. Mine was over twice the cost of the wife's and she is only 4 years younger. I binned it when I paid off the mortgage, I have UK cover at moment as non resident, should that change I will just put enough away in a bank account in the UK to cover costs and IH tax so my daughter isn't penalised.

Re: Life Insurance
 

Biffta
Having retired from being an IFA and General Insurance Consultant some many years ago I really cannot make any recommendation, but I can still enter a view of the reality involved.
You need to assess the level of costs against the losses which might occur should you pop your clogs. How would those you left behind manage with what you left for them (eg debts, other liabilities, continuing income etc) Make a real assessment, and if the balance is not too much against you, don't bother would be my advice given the increasing cost over the coming years. With the ever extending life span, especially here in the Spain (assuming permanence)
it will of course depend on how healthy you are, and how easy it would be to keep yourself fit and able. Of course should your health not be good, the premiums will be even higher than you would imagine, and the life span somewhat less, potentially.

Re: Life Insurance
 

A big thank you to those who have offered their advice. Much appreciated.