Zesty Life Insurance Review 2023

Zestylife is a newcomer to the life insurance market in the UK, having been established in 2021.

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Zestylife is a newcomer to the life insurance market in the UK, having been established in 2021. The company only offers Over 50s life insurance, specialising in older customers seeking low-level coverage. Here, we take a look at Zestylife’s products and help you decide whether it’s the right insurance provider for you.

Insurance products offered by Zesty Life

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As previously mentioned, Zestylife Insurance only offers an Over 50s life insurance policy. This is a type of whole of life policy, which means that you are covered for the rest of your life until you pass away.

Unlike traditional whole of life insurance policies, which tend to be expensive, an Over 50s policy is much more attainable and is usually used to cover funeral costs. The coverage amount tends to be much smaller, but so are the monthly premiums.

Zesty life insurance

Over 50s policy can also be used to pay off any debt or leave your loved ones some money when you pass away.

Although mainly used to cover funeral costs, your Over 50s policy can also be used to pay off any debt or leave your loved ones some money when you pass away.

Types of Over 50 life insurance policies

The company offers two different types of Over 50s policy – level term and increasing term.

Increasing term

An increasing term policy is designed to protect the policyholder from inflation. This means that your payout amount increases over time, but so does your monthly premium.

Level term

In this type of policy, your payout total remains the same until you pass away. Your monthly premium also stays fixed to one sum.

Features and benefits of Zestylife Insurance

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There are various benefits and features offered by Zestylife insurance that can help you make a decision. You should consider these when comparing them with life insurance policies provided by other companies.

Features and benefits:

  • Instant Cover: This is one of the main benefits offered by the company. Whilst with other providers, it might take up to two years for you to be fully covered, Zestylife covers you from day one. This is a great benefit that can help your family and loved ones if you pass away prematurely. Note that this benefit only applies to policies with coverage of up to £5,000 in the first 12 months.
  • The company offers two times your total coverage for accidental death from day one (this is limited to £44,000).
  • Coverage total ranges between £1,000 and £22,000 and will depend on your age.
  • You can make changes to your policy for free.
  • Free cover after you turn 95 years old.
  • Worldwide cover: The company keeps you covered no matter where you go in the world.

How much does Zestylife Insurance cost?

The cost of your life insurance policy will depend on various factors, such as your age, smoking status, and coverage amount. Since Zestylife Insurance only offers an Over 50s life insurance policy, you won’t have to do a medical or blood tests.

Your premium will also depend on whether you opt for a level or increasing term policy and whether you want a single or joint life policy. To give you a better idea of the costs involved, a 50-year old non-smoking applicant seeking £1,000 of cover will pay around £4.30 per month.

Note that the best way to get a cost estimate is to get in touch with the company directly for a quote. Zestylife Insurance doesn’t have an online quote calculator, so you’ll have to talk with one of their friendly advisors.

Zestylife Insurance gift

When you take out a new Over 50s life insurance policy with Zestylife Insurance, you are entitled to an Amazon gift card worth £100. Here are some details that you should consider regarding the gift:

  • You are only eligible after the company receives your up to date sixth premium payment.
  • If you opt for a joint life policy, you will qualify for a £200 gift card.
  • The promotion is only available to new Zestylife Insurance customers.
  • The promotion isn’t available if you purchase your policy with other offers or gifts provided by the company.

Although a great incentive, gifts shouldn’t be the reason why you choose an insurance policy. Make sure that the product offered meets your requirements before taking out a policy.

Overview of Zestylife Insurance key policy details

Here’s an overview of the company’s life insurance details:

Cover Options Over 50s policy.
Cover Period Whole of life.
Maximum Applicant Age 80.
Minimum Entry Age 50.
Joint Life Policy Both single and joint policies are available.

Can you make changes to your Zestylife insurance policy?

One of the benefits offered by the company is that you can make any change you want to your policy for free. To do so, you simply get in touch with the company’s team to discuss your requirements.

How much coverage do you need?

The right coverage will depend on your requirements. If you’re struggling to put together a coverage amount, try using a life insurance calculator. It will take into account everything you need covering and give you a rough estimate.

Zestylife insurance ratings

A great way to compare insurance companies is to check reviews made by independent third-party rating companies. Since Zestylife was founded in 2021, it hasn’t been reviewed by British rating firm Defaqto.

However, the company did receive a third-star award from British company Fairer Finance for its Over 50s life insurance policy.

Is Zestylife insurance right for you?

Zestylife is a great newcomer to the life insurance market in the UK. The company offers a range of benefits that make it a fantastic choice for your Over 50s insurance policy. Zestylife is the only firm in the UK that provides immediate cover to Over 50s, whilst the £100 Amazon gift card is also an excellent incentive for new policyholders.

The company also has a great support community with guides and a great podcast that features various successful stars over 50. In addition to this, the company offers a free will kit worth £100 when you take out a new policy, saving you time and money.

On the other hand, if you’re under 50 or you’re looking for life insurance to cover something of higher value, such as a large mortgage, Zestylife wouldn’t be the right company for you. Zestylife has a useful free info pack that discusses its services and business model if you’d like to learn more.