Compare over 50 life insurance

  • Guaranteed acceptance no medical life insurance
  • Guaranteed cash payout
  • Premiums from just £4 a month
  • Free welcome gift

Compare quotes and read our reviews to help you find the best over 50 life insurance plan for you.

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    Is over 50 life insurance worth it?

    If you’re looking for affordable life cover with a straightforward application process and guaranteed acceptance, then over 50s life cover could be worth considering. You pay a fixed monthly premium based on your age and level of cover and in return, a cash lump sum is paid out to your loved ones when you die.

    And with payments starting from as little as £4 a month, over 50 life insurance could be more affordable than you think.

    ashley shepherd author
    By Ashley Shepherd
    Updated 12th January 2024

    Over 50 life insurance comparison

    The following information will help you compare over 50s life insurance, highlighting key features of some of the UKs leading over 50 providers, it also gives you the opportunity to get as many quotes as you want.

    Related over 50's life insurance pages

    *Please scroll to the right when viewing the table on mobile/tablet*

    Plan Provider Monthly from Free gift Full cover payable after Free funeral cover Get a Quote
    SunLife £4 £135 gift card 12 months £250 contribution Get a quote*
    One Family £10 No gift card 24 months £300 contribution Get a quote
    British Seniors £4.32 £135 gift card 12 months £300 contribution Get a quote
    Shepherds Friendly £10 £50 gift card 24 months £300 contribution Get a quote
    Aviva £5 £120 gift card 12 months None Get a quote
    Legal & General £5 £120 gift card 12 months £250 contribution Get a quote
    Post Office £5 £125 gift card  12 months £250 contribution Get a quote

    This information is correct as at 27/12/23 and has been compiled from each insurer's website to help you make your own comparison.

    What is the best over 50 life insurance?

    To find the best over 50 life insurance, it helps to consider the things that are important to you.

    All plans guarantee acceptance regardless of any health issues, but certain plan features vary by provider. It’s therefore important to understand these differences in order to find the right over 50 plan for you:

    Age limits – the majority of plan providers have an age range of 50 to 80. However, there are some companies that have a maximum age limit of 75 and SunLife have the oldest threshold of 85.

    Minimum premium – this is the lowest monthly premium you can pay for cover and typically ranges from £4 to £10. Rather than immediately opting for a cheap plan, it is worth comparing quotes to see how much cover you can get for your money.

    Waiting period – the waiting period before you can claim for the full amount of life cover varies between 1 to 2 years. However, some companies do offer immediate cover for accidental death.

    Premiums payable period – some companies require you to pay your premiums for life whereas others have premiums that cease on your 90th birthday but the cover continues.

    Cover level – the amount of life cover you can get for your premium will also vary, which is why comparing over 50 life insurance quotes is important when looking for the best deals.

    Smoker vs non-smoker – some providers will want to know your smoking status. As a non-smoker these companies could offer you a better deal but it may be best for smokers to look elsewhere.

    Funeral benefit option – this free option means your money is paid to a specified funeral director when you die to help with funeral costs instead of to your beneficiaries. In return, the funeral director will also contribute an amount towards the total cost when the time comes. Typically it is £250 to £300 but it will vary by provider.

    Free welcome gift – many companies offer a free gift as an incentive for choosing their plan which will vary depending on the provider.

    Compare plans

    Over 50 life insurance with free gift

    When comparing quotes, you will see that many companies offer over 50 life insurance with a free gift, usually in the form of a gift card. The free gift will be sent to you once the policy has been in place for a specified period, which is typically 6 months.

    Whilst a freebie is always a welcome gesture, choosing the best over 50 life insurance plan shouldn't just depend on selecting the best gift, as you will want to ensure the plan suits your needs.

    Important to know

    • If you die during the initial waiting period, the full cash sum will not pay out, however your monthly premiums would be refunded
    • Premiums are payable for life or until your 90th birthday depending on the plan you choose.
    • Depending on how long you live, there is a chance you could pay in more than your plan pays out
    • The amount of money paid out when you die is fixed, so inflation will reduce its value over time
    • If you cancel or stop paying your premiums for any reason, your plan will be cancelled, and you will not get any money back
    • The cash sum is usually paid to your estate so may be subject to inheritance tax.

    Reviews

    Reading reviews for over 50 plans can give a clearer picture of what each plan covers. The pros and cons, monthly costs, the benefits, whether smokers will pay more, the insurer's reliability, policy satisfaction, and the quality of customer service.

    Always check both positive and negative reviews for a balanced perspective.

    We have reviewed the following companies:over 50 life cover ad

    What does Martin Lewis say about over 50 life insurance?

    Martin Lewis has a few reservations when it comes to over 50s life insurance, although he believes an over 50 plan could be right for some.

    The points Martin Lewis raises about over 50 life insurance are valid; if you are in relatively good health and happy to go through a longer application with medical and lifestyle questions included, then regular life insurance could be more suitable as you could get more life cover for your money.

    However, as we have mentioned, if you’re looking for life insurance that is quick and easy to arrange with no questions asked about your health and lifestyle, then guaranteed over 50 life insurance could be right for you.

    Compare the best over 50 life insurance deals

    What is the cheapest over 50s life insurance?

    If budget is your primary concern, over 50 life insurance does provide protection at an affordable price. However, the cheapest policy isn’t necessarily always the best. In addition to comparing monthly premiums and the cash sum, also compare the features of the plan to ensure it suits your needs and offers value for money.

    How much over 50 life insurance can I get?

    If you are ready to see how much over 50 life insurance you could get with one of the leading companies listed above, simply click on the calculator button in our comparison table.

    Its quick and easy to do and you can get as many free quotes as you want.

    Compare over 50 life cover quotes

    Frequently asked questions

    • How long does over 50 life insurance last?

      • Guaranteed life insurance for over the 50s provides cover for the rest of your life (provided you keep paying your monthly premiums), rather than for a specific number of years.  A cash payout is guaranteed whenever you die, after which time the cover ends.

    • Do I need a medical with over 50 life insurance?

      • No you don’t need a medical with over 50 life insurance. As long as you are between the ages 50 to 85 (depending on the plan provider) and a UK resident, you are guaranteed to be accepted.

    • What is the maximum age for life insurance?

      • Most over 50 life insurance providers accept any UK resident up to the age of 80, with SunLife going up to age 85, so don’t assume you’re too old for life insurance.

    • Are you covered immediately with over 50 life cover?

      • You are covered for the full cash sum after an initial waiting period of 1 or 2 years, depending on your chosen provider.

    • What happens when I die – how do you make a claim?

      • To make an over 50s life insurance claim, your family simply contact the plan provider to inform them of the death. Typically, the insurer will need the following information:

        • The death certificate
        • The Will – if there is one
        • The policy holders details and date of death
        • The claimants contact details
        • The policy number
    • Can I get joint over 50 life insurance?

      • No you can’t have joint over 50 life insurance but your partner could take out a plan in their own name if they wish.

    • How many over 50 life insurance plans can I have?

      • You can have more than one over 50s plan however providers do limit either the amount you pay in monthly premiums or the total cash sum paid out when you die. So, you can have as many guaranteed over 50s plans as you like, as long as you don’t exceed these limitations.

    • What is the difference between life insurance and over 50 life insurance?

      • The main difference between life insurance and over 50 life insurance is the application process. With over 50 life insurance your acceptance is guaranteed regardless of the state of your health. Whereas with regular life insurance, your eligibility will depend on how you answer the health and lifestyle questions.

        When it comes to term life insurance versus over 50 life insurance, the main difference is the length of the policy. Over 50 life insurance will cover you for the rest of your life whereas term insurance will insure you for a specific number of years.

    • Will over 50s life insurance cover my funeral costs?

      • Over 50 life cover can not guarantee to cover your funeral costs but the cash sum paid out can help with funeral payments.

        If you want to help with funeral costs, you could add the funeral benefit option to your plan. This enables your cash sum to be paid directly to a designated funeral director when you die. The service is free and in return, an additional contribution of between £250 to £300 is put towards your funeral costs.

    Did you find this information helpful?

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