Travel Insurance is expensive for the over 65s

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Retirement has arrived. Its a time to experience a slower pace of life, relax and enjoy spot of gardening. But not all of todays over 65s have got that message!

Retirement is taking a new twist. Less of the slower pace of life and substitute jetting around the world! International travel for the over 65s is here and booming!

Its a result of an increased sense of adventure and willingness ( personal secured loans ) to experiment, combined with more wealth. Lower cost air tickets also help! Even cruises, once the sole province of the rich and famous, have become affordable. A Caribbean cruise, an escape to Antigua and a fortnight in the Canaries are now all on the travelling schedule for the over 65s.

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Then a bluebottle lands in the ointment. Just try finding cheap travel insurance when youre over 65. It is a real difficulty. Insurers recognise that folks ( mortgage quotes ) have healthier lives and are living longer, and in many sectors the companies are designing bespoke products for the older market. But with travel insurance, older people are still faced with sky-high premiums.

Premiums escalate as you get older and if you want an annual policy to cover an extended holiday or a series of holidays, the problem no longer becomes simply finding the cheapest price - more of finding any policy at all.

The problem revolves around the insurers experience of the costs of medical claims. The over 65s are far more likely to make a medical claim and the average claim size is higher too. Then again, older holiday makers reportedly take greater care of their luggage - but these savings are offset because their belongings are liable to be more valuable, so there are few economies here. (home insurance)

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