Life insurance over 50

Why You Need It and How to Find the Best Policy

As we age, it becomes more important than ever to have a solid financial plan in place, including a life insurance policy that can provide financial support for your loved ones in the event of your passing. Unfortunately, finding affordable life insurance as a senior can be a challenge, especially if you have pre-existing medical conditions. But don’t worry, Spotter Life is here to help. We can compare quotes from multiple retail insurance companies in Australia to find the cheapest rates with good payout rates, so you can rest assured that your loved ones will be taken care of after you’re gone.

What is Seniors Life Insurance?

Seniors life insurance, also known as over 50s life insurance, is a type of insurance policy designed for those over the age of 50. It provides financial protection for your loved ones in the event of your passing, helping to cover expenses such as funeral costs, outstanding debts, and living expenses. In Australia you can generally apply for life insurance up to age 74 and hold it to age 99.

Why Do You Need Seniors Life Insurance?

While no one likes to think about their own mortality, it’s important to plan for the future. Having a seniors life insurance policy can provide peace of mind, knowing that your loved ones will be taken care of financially when you’re no longer around. This can be especially important if you have dependents who rely on your income.

Final Expense Insurance for Seniors

Final expense insurance is designed to cover the cost of your funeral and other end-of-life expenses. The life insurance polices that we specalise in all have built in final expense plans.

How to Find the Best Seniors Life Insurance Policy

When shopping for a seniors life insurance policy, there are several factors to consider. Here are some tips to help you find the best policy for your needs.

Compare Quotes from Multiple Retail Insurance Companies

One of the best ways to find the cheapest rates with good payout rates is to compare quotes from multiple retail insurance companies in Australia. Spotter Life can help you do just that, saving you time and money in the process.

Consider Your Health and Medical History

Your health and medical history will play a big role in determining your premiums and the type of coverage you’re eligible for. Be honest about any pre-existing conditions you have when applying for coverage, as this can help ensure that you get the right policy for your needs.

Choose the Right Type of Policy

As we mentioned earlier, there are several types of seniors life insurance available. Consider your budget and your long-term financial goals when choosing the right type of policy for your needs.

Read the Fine Print

Before signing on the dotted line, be sure to read the fine print of your policy carefully. Make sure you understand the terms and conditions of your policy, including any exclusions or limitations.

Life Insurance

Spotter Life has uncovered Life Insurance Policies from far and wide for you to choose from. Discover the options available…

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based on a typical insurance policy

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Important Information

Not all providers in the market are included in our comparisons. Also note, any information or advice given on our website is general. It hasn’t taken into account your objectives, financial situation or needs.

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Extent of comparisons

Not all providers of insurance on the market are included in our comparisons. The amount of any savings will depend on your circumstances.

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AIA Encompass Integrity MetLife MLC NEOS OnePath TAL Zurich


Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information or advice on this website, you should consider the appropriateness of it (and any relevant product) having regard to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. We recommend that you obtain financial, legal and taxation advice before making any financial investment decision.

Not all providers of insurance on the market are included in our comparisons. The amount of any savings will depend on your circumstances.The products compared on this website do not necessarily compare all features that may be relevant to you. Comparisons are made on the basis of price only and different products may have different features and different levels of coverage.

Spotter Life and its advisers operate as authorised representatives of Crown Wealth Group Pty Ltd ABN 22 603 037 510 Australian Financial Services Licensee 494274. Spotter Life and its advisers are authorised to advise and deal in superannuation and life insurance products only. .

How we get paid

We (including your adviser) may be remunerated in the following various ways for the financial services provided to you.


We will receive commission on any life insurance products your adviser arranges for you. This commission is built in to the cost of the insurance. The rate of commission varies between the different product providers but can be up to 140% of the initial premium and up to 40% of renewal premiums. Based on the 140% and 40% we would receive up to $1,400 upfront commission on an annual premium of $1,000 and up to $400 of each renewal premium.

Performance Bonuses

Sometimes product providers will pay us bonuses based on the business placed with that insurer. The criteria for such bonuses are typically the volume of business placed and the level of retention of that business over time.

In the event that we receive a performance bonus it will be shared with your adviser. From that part of the bonus generated as a result of business written by your adviser, the adviser may receive up to 100% of that bonus (37.5% if you have been referred by an affiliate, with the affiliate receiving 12.5%).

Alternative Benefits

We maintain an Alternative Benefits Register which contains information about any alternative forms of payment or benefits that may be received. Please let your adviser know if you have questions about or want to inspect this register. We may receive sponsorships from product providers which contributes to the professional development of our Authorised Representatives.