1+ week, 4+ day ago (820+ words) From decoding money topics to curating gift guides, Ravi's writing helps readers save money - and pick the perfect present. Over-50s life insurance policies now cost an average of "27.62 a month, according to insurer Reassured, based on more than 50,000 plans sold in 2024." But with fixed payouts and premiums that run for life, many people who live past 80 are likely to pay in more than their family eventually receives. Here, Which? sets out three key things to know before taking out an over-50s policy, and the alternatives you could consider instead." Over-50s life insurance is a product that promises a lump sum when you die. Provided you don't miss any premiums, it's guaranteed to pay out." One factor that often appeals is that it's not medically underwritten, which means any pre-existing health conditions won't affect the cost. The main things you'll be…...