Compare over 50 life insurance

  • Quick quotes & comparison service
  • Help with funeral costs from £86p per week
  • We take a look at some of the best over 50 plans
  • Compare leading over 50 life insurance plans with free gift

Guaranteed acceptance & a £115 gift card with a SunLife plan

In this guide: Choosing the best over 50 life insurance, how plans compare & the top 10 plans reviewed

Which is the best life insurance for over 50s?

To choose the best over 50 life insurance, start by comparing leading FCA authorised insurers. All offer guaranteed acceptance without a medical, with prices starting from £3.70 a month. Some over 50 life insurers also offer a free gift however this doesn’t necessarily mean it’s the best plan for you.    

Our best buy table makes comparing plans quick and easy. We explain how plans work, how to get more life cover for your money and review leading providers like SunLife, British Seniors and; Royal London. Plus, you can get as many no obligation quotes as you need to choose the best plan for you.

Over 50 life insurance best buy table

Plan Provider Monthly from Free Welcome Gift Full cover payable after Free Funeral cover Get a Quote
Featured Product
SunLife £3.70 £115 gift card 12 months £250 contribution Get a quote
One Family £8 £30 gift card 24 months £300 contribution Get a quote
British Seniors £4.32 £100 gift card 12 months £300 contribution Get a quote
Shepherds Friendly £10 £50 gift card 24 months £300 contribution Get a quote
Aviva £5 £50 gift card 12 months None Get a quote
Legal & General £5 £110 gift card 12 months £300 contribution Get a quote
Royal London £7 £100 gift card 12 months £250 contribution Get a quote

Our featured Over 50s life insurance provider

As the UKs leading over 50s life insurance provider, SunLife were the first company to offer a guaranteed over 50 plan with no medical and have been helping families for more than 200 years. In addition to offering the lowest monthly premium, the SunLife Over 50 plan also currently comes with a £115 gift card when you apply.

For more information, read our SunLife Over 50 Life Insurance review or click the Get a Quote button for a free quote. Alternatively, you can compare over 50 life insurance quotes by using the table above.

What is over 50 life insurance?

Over 50s life insurance is no medical life insurance, specifically for the over 50s. This type of life insurance guarantees to pay a cash sum to your family when you die. You simply need to pay your monthly premiums when due. Acceptance is guaranteed too, regardless of any health issues.

The amount of life cover you can get will depend on your age, your budget and the company you choose. Which is why it’s important to compare over 50s life cover and consider the benefits each provider offers.

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Is life insurance worth it over 50?

Over 50 life insurance is worth considering if you want to leave money to family. This type of insurance covers you for the whole of your life and guarantees a cash pay-out when you die, so could be a good idea for 50, 60 or 70 year olds alike.

However in order to decide if over 50 life insurance is a good idea for you, it’s important to understand all the pros and cons:

The benefits

life insurance over 50s
  • tick iconGuaranteed acceptance – you will be covered regardless of any health issues

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

  • tick iconAffordable monthly payments - starting from £3.70 

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

  • tick iconFixed monthly payments that never change – can help with budgeting

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

  • tick iconYou 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.

Things to consider

  • If you were to die during the initial 1 or 2 year period*, you would not be covered for the full cash sum however your monthly premiums would be refunded
  • Premiums are payable for life or until your 90th birthday*
  • Depending on how long you live, there is a chance you could pay in more than the 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, you won’t get any money back.
  • The money from an over 50 policy usually gets paid to your estate so may be subject to inheritance tax

When you get an over 50s quote you will be able to make a comparison of costs and benefits to help you make the right decision for you.

What is the cut off age for over 50s life insurance?

You have to be at least 50 years of age to apply for this type of plan but the maximum cut off age for Over 50s life insurance will depend on the company you choose.

Some have an application threshold of 75 however the majority usually have a maximum age limit of 80 years old. SunLife however do offer plans to anyone up to the age of 85.

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Funeral benefit option

Most over 50 plans now offer a funeral benefit option; a free service where you can receive money towards the cost of your funeral by agreeing to have your cash lump sum paid directly to a specified funeral director rather than your estate.

When the time comes, the funeral director will use the money that is paid out along with the extra payment, which is usually between £250 to £300 or 10% of the cash sum to help with the cost of their funeral services.

Another way of helping with funeral costs is with a prepaid funeral plan – our funeral insurance section explains how they compare to over 50 life insurance.

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.

Can I get over 60 life insurance?

Over 50 life cover isn’t just available for the over 50s. This type of plan could also be suitable for those considering over 60 life insurance too. The easy application process with guaranteed acceptance can help, however some companies can charge more for smokers, which is where a comparison service can help.

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Can I get over 70 life insurance?

Over 70 life insurance is widely available, in fact some companies provide life cover for 80 to 85 year olds too. Over 50 life cover provides protection for the whole of your life and you’re guaranteed to be accepted. However it’s worth comparing quotes, as the cash sum paid out will vary by provider.

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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?

When you are ready to compare quotes you can either:

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Updated 20th January 2021 by Ashley Shepherd

Ashley is the founder and managing director at Over50choices. With over 30 years’ experience in financial services, he has held senior roles in building societies, banks and insurance companies.

Ashley Shepherd

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