Compare over 50s life cover

Is Over 50s life insurance a good idea?

To decide whether over 50 life insurance is a good idea for you, it is important to understand all of the pros and cons:

The benefits

• Guaranteed acceptance – you will be covered regardless of any health issues

• Life insurance without a medical is simple – just a straightforward easy application

• Affordable monthly payments - starting from £3.70 

• Guaranteed cash sum is paid out when you die – that can be used to help your family financially

• Fixed monthly payments that never change – can help with budgeting

• Full life cover after an initial period of 1 or 2 years* – if you die within this period the money paid in will be refunded

• You choose how much you want pay on a monthly basis or how much cover you need

In addition many companies also advertise over 50 life insurance with a free gift which is worth knowing however this shouldn’t be your main reason for choosing a plan.

Over 50 life insurance reviews

To save you time, we have reviewed the leading over fifties life insurance plans highlighting the features and benefits of each, additional options you may wish to include and things to consider before going ahead.

Regardless of whether you are 50 or looking for life insurance over 60, 70 or even 80 years old - just click on the name of the over 50s insurance provider you are interested in for more information.

Top 10 over 50 life insurance companies

Here are our UK market leading guaranteed life insurance over 50 plan reviews. To review, get a quote and compare features and prices simply click on your chosen provider.

• Royal London Over 50s Life Cover
• One Family Over 50s Life Cover Plus
• Sun Life Over 50 Plan
• Legal & General Over 50 Life Insurance
• hidden textShepherds Friendly Over 50s Life Plan
• Aviva Guaranteed Lifelong Protection Plan
• British Seniors Over 50s Life Insurance Plan
• Post Office Over 50 Life Insurance
• Sainsbury Over 50s Life Insurance
• Direct Line Over 50s Life Insurance

Over 50 life insurance Martin Lewis' views

Martin Lewis from Money Saving Expert has reservations when it comes to Over 50 Life Insurance. His concern is that depending on how long you live, you could pay more into the plan than the cash sum paid out.

Although he has a valid point, the thing Martin Lewis misses is that this is insurance, there to cover a risk. We go through life insuring ourselves against risk; something we hope will never happen – the house being burgled or damaged, our belongings lost or our car bumped – the list is endless.

The difference with this type of life insurance is that it is actually guaranteed to pay out a cash sum to your family.

So if you are looking for life insurance that is quick and easy to arrange with no questions asked about your health and lifestyle, then a guaranteed over 50 life insurance plan could be right for you.

If however 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.

The key here is fully understanding how plans work and choosing the one that is best suited to your own personal needs.

What should I do now? Get a Sunlife quote

Once you have read this guide you should have gained sufficient information to make an informed decision on your next steps, however, our questions and answers below may help you further before making your final decision.

Click here if you would like to take another look at the comparison of providers.