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Over 50s Life Insurance

Make preparations for your golden years with Over 50s Life Insurance

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4.6/5

Why Choose The Thaiger?

With over 50s life insurance, you can have that peace of mind knowing that your loved ones will always be protected even after you’re gone. However, choosing the best over 50s life insurance can be overwhelming. That’s why the Thaiger is here to help you select the perfect insurance for you, so sit back and relax while we do the hard work for you.

What is Over 50s Life Insurance?

Over 50 life insurance is an insurance policy that is only available for people over 50 years old. To be eligible for this policy, you will have to pay a monthly premium, and the poly pays out a cash lump sum (known as ‘the sum assured’ or ‘the payout’) only in the case of death.

The funds will be transferred to your designated beneficiary or someone else of your choosing. The funds are frequently used to help with funeral costs, however, it would depend on your beneficiary.

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Why Should You Get Over 50s Life Insurance?

There are numerous situations where getting over 50s life insurance is something you should do. Here are some of the reasons why you should get it.

Funeral Costs

Help your loved ones cope with your funeral costs in the unfortunate event of your death. Funerals are not a pleasant experience, and they can be expensive. But you can take some of the stress away by purchasing over 50s life insurance.

Pay Off Outstanding Debt

With over 50s life insurance, you can contribute towards paying off outstanding debts or bills when you pass away. If you have a mortgage or other loans, you can assist your family in paying them off.

Gifts for Loved Ones

Over 50s life insurance is a great way to leave your loved ones a gift. It provides a lump sum when you’re gone, which they can use for anything they need it for, whether it is for a holiday, home improvements, or household bills.

Invest in Education

You can choose to leave the lump sum to invest in your children’s or grandchildren’s education, so you can be sure that they can get the best education they need even after you pass away.

Peace of Mind

No one knows what the future holds, but with over 50s life insurance, you know that your loved ones will always be financially stable even after you die. This can give you an upper hand to your loved ones as they might still be dependant on you.

Advantages of Over 50s Life Insurance

Over 50s life insurance has many advantages. Let’s explore these advantages in more detail.

Guaranteed Acceptance

Unlike traditional life insurance, you don’t need to answer any health questions or pass any medical tests. You can be accepted even with a bad medical history.

Fixed Cash Payout

You will know exactly how much money will be paid out to your family when you die when you take out your plan.

Fixed Monthly Premiums

You are allowed to choose how much to pay each month, depending on your budget. In most cases, this amount will not change unless you agree otherwise.

Spend the Cash Payout as You Wish

The cash lump sum you leave for your loved ones can be spent how they want to. Insurers most likely will not ask questions or put any restrictions.

Simple Claim Process

Your family should be able to get money within days since making a claim for over 50s life insurance is easy and quick.

Customer Ratings





4.6/5

18 reviews

Customer Reviews

22/1/2021

Over-50s life insurance is a great way to help your loved ones pay for your funeral expenses and possibly even leave them with some cash to spend. Thank you the Thaiger and their partners for making this possible, great customer service.

Martha Grayham
16/2/2021

Your specialist Khun Warn was very professional and found me a great price and amount of life coverage for me. Thank you Warn.

Eugene J. Scott



26/1/2021

“Buying policy couldn’t be simpler than this, my overall experience with the Thaiger has always been really nice, and they’ve got a new addition to their products. Staff are very polite and have excellent knowledge of the product. It’s convenient, free and safe. Will strongly recommend it to all friends and family.”

John Brum



25/2/2021

The Thaiger has done an outstanding job of finding my life insurance and taking me on every step of the way, I definitely recommend those who are over 50 to use their service.

Lee Kim



8/2/2021

Thank you the thaiger for helping me understand the specific coverages of senior life insurance in Thailand, I am always concern about my life and my family and try to find the best life insurance, especially in Thailand.

Albert Clerk



5/2/2021

I was able to get a policy within a week. I did an inquiry online and someone called me back within 2-3 days. After going through the specifics, the next day I immediately got life insurance. I definitely recommend it, with the thaiger’s processes, an old lady like me can also apply.

Alexandra W.



Life insurance over 50’s plan options

In your over 50s life insurance policy, you can select the duration of your term (5, 10 or 15 years). Nothing goes to waste, and you can be assured that you’re only paying for insurance when you need it, such as when you have a young and growing family.

The post-level term (PLT) is a type of protection for the elderly from the age of 50 to 70 or 85 years old, depending on the circumstances of each company. It will concentrate on benefits in the case of the insured’s death at the age stated in the policy when the deal ends.

Premium Prices Starting at only 8 baht per day (different prices It depends on the company) which is suitable for middle-aged people planning their retirement life and those without the risk of death within 2 years.

Key Points:

  • Gather information on all facets of the decision-making process, such as insurance rates and the time span during which premiums will be reimbursed, before signing the contract. or a medical examination
  • Keep a record of the insurance deal. Both as a text and as a recording of phone conversations To avoid making the same mistakes again.
  • Check that the information on the policy is right and complete when you obtain it. If not explicitly mistaken from the agreement, meets or does not follow the agreement. And needs to get out of the deal. In most cases, it can be done in 30 days by sending written notice to the insurance provider.

It is common knowledge that if the elderly purchase life insurance, they would be entitled to make a claim after their death.

There is, however, one more way. The insured may opt to be a savings insurance, in which case they will receive a lump sum payout of 50% of the insured amount at the end of the term, for example, between 5 and 10 years.

And if death will be paid according to each company’s terms? However, the insurance premium is higher than that of a regular elderly life insurance policy. This is a good option for those who want to save money. And they want a refund while the contract is still active.

Key Points:

  • Gather information on all facts of the decision-making process, such as insurance rates and the time span during which premiums will be reimbursed, before signing the contract. or a medical examination,
  • Keep a record of the insurance deal. Both as a text and as a recording of phone conversations to avoid making the same mistakes again.
  • Check that the information on the policy is correct and complete once you obtain it. If a mistake shows up changes can be made within 30 days by sending written notice to the insurance provider.

Over 50s life insurance helps me live worry-free, knowing that my loved ones will be okay financially when I pass away.

I was apprehensive about getting over 50s life insurance, but I realised that I need it as I gathered more about it. Getting one in Thailand was not easy until I found the Thaiger and let them help me with everything. From comparing the best plans and companies to purchasing the insurance.

Top tip: When used appropriately, over 50s life insurance is the last line of defense for those people you care for.

What Is the Lifespan of a Policy?

With over 50s life insurance, you may need to pay your premiums until you pass away, regardless of your age. If you stop paying your monthly premiums, your policy will automatically end, and you will lose everything you’ve worked for.

You can, however, find policies that stop taking premiums when you reach a certain age, such as 80 or 90. Some policies also allow you to stop paying premiums when you have paid for a set duration, such as 20 years.

Join the many satisfied customers who’ve got their Over 50s Life Insurance with The Thaiger

Other Related Products

Life insurance comes in a number of forms, each with its own package of coverage and benefits. Below, we listed some life insurance products that might be beneficial for you.

Level Term Life Insurance

It is a much more affordable type of life insurance policy since it lasts for a defined period of time, just pays out the death benefit, and does not keep premiums constant throughout the policy’s life.

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Whole Life Insurance

Whole life insurance is also known as permanent life insurance. Whole life insurance invests the money that the policyholder is currently paying in premiums and serves as a savings account that the policyholder may withdraw or borrow for a variety of reasons.

Read More

Life Insurance with Pre-Existing Medical Conditions

A type of insurance that would still cover your medical expenses even if you have pre-existing conditions such as high blood pressure, obesity, heart disease, etc.

Read More

Group Life Insurance

A form of life insurance that protects a whole group of people with a single contract. The policy typically includes the workers or members of the company, and the policy owner is usually an employer or an agency such as a labour union. The most popular form of group life insurance is term insurance.

Read More

Things to Remember Before Buying Over 50s Life Insurance

Before you purchase over 50s life insurance, make sure to keep the following things in mind so you can get the best insurance that fits your needs and budget.


Don’t Wait Too Long

You can get over 50s life insurance as long as you are aged 50 to 80. However, you should purchase the policy as soon as possible to get a larger benefit amount.

Compare Policies

One of the best ways to make an informed decision is by comparing policy from numerous companies. Understanding how a policy compares to other offers can help you decide if it’s ideal for your circumstances.

Check For Optional Extras

Some over 50s life insurance comes with optional extras, such as funeral benefit options and increasing benefit options.

Calculate How Much Insurance You Need

Sit down and work out how much insurance you actually need. If you don’t do this, you could end up paying premiums you can’t afford, be underinsured, or not getting value for money.

Don’t Ignore Inflation

Living and funeral costs continue to rise as inflation keeps going up. Therefore, keep inflation in mind when purchasing over 50s life insurance.

Whole Life Insurance

Whole life insurance is a form of permanent insurance that protects you for your whole life. In addition to paying a death benefit, it has an investment and saving function that can build up cash value.

This policy will cover you for the rest of your life as long as you pay your premiums. This policy is also referred to as “guaranteed whole life insurance” because insurers intend to keep rates constant during the policy’s life. The plan’s ongoing payments will be used to compensate the beneficiaries.

Frequently Asked Questions about Over 50s Life Insurance

If you die as a result of the coronavirus, you will be covered as long as you are not within the waiting period.

If you’re over 50, your financial status will decide whether or not you will need life insurance. If you have a regular income that your dependents will not worry about anything, a life insurance policy will help to ensure that they are well taken care of if you pass away.

Surprisingly, you won’t need anything. Filling out the forms, which ask for your medical history as well as personal information like where you live and what you do for a living, is the main task.

A copy of your passport and proof of address is also needed.

The company can require you to have a medical test, depending on your policy. The company will bear the expense of this, and it can be performed at any of their designated private hospitals in Thailand.

For new applicants, it’s necessary to think about the coverage and benefits you’ll need in order to find the best insurance package.

– Compensation in the event of death

– Coverage for OPD

– Coverage for room costs and medical bills in the event of hospitalization (IPD)

– Injury coverage

– Compensation in the event of death

Furthermore, you must accept a cash bonus during the deal, the premium payment duration, and your financial condition.

Various types of insurance plans contain features that are useful to individuals over the age of 50. Here’s a summary of some of the features available to you.

-A single insurance policy, also known as a paid-up policy, allows you to pay for the policy’s entire term upfront, removing the need to think about monthly payments as you get older.

-Since your income power reduces when you grow older, an accelerated feature allows you to pay higher premiums at the start of the policy and pay lower premiums once you’re retired.

-If you cancel your entire life insurance policy, the cash value stays yours. It’s also tax-deferred.

-You can take out a loan against your cash value if you need to.

Several insurers provide guaranteed issue life insurance if you’re concerned about getting accepted for life insurance. That means that if you get over 50 life insurance quotes from these providers, you’ll almost certainly be able to get the quoted policy if you choose that insurer. You won’t really need to think about a medical test in most cases.

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