Compare Over 50 life insurance plans

Comparing Over 50s Life Insurance such as Royal London, SunLife & others from £3.72 a month is important; you want to choose the best Over 50 Plan at the right price. But as well as price, because plans differ you want to be sure you choose a plan that suits your needs, which is where we can help.

We show you how Over 50 life insurance plans compare; providing important information for you to be aware of when choosing the best plan for you and any additional benefits available. 

To see how much Over 50s life cover you could get, just click on a ‘get a quote ’button and answer a few questions. The "get a quote" button will take you to that company's website, for example SunLife, British Seniors and Royal London and then you can come back to the comparison table to compare more quotes.

Over 50 Life Insurance Comparison
Plan Provider Min premium

Guaranteed
Acceptance

Other benefits Get a Quote
Featured Product
   SunLife

Get a Quote

£3.90 Yes £300 contribution to funeral costs & £90 free gift card until 2/7/18 Get a Quote
tesco over 50 life cover One Family

Get a Quote

£8 Yes £250 contribution to funeral costs & £30 free gift card Get a Quote
lv British Seniors

Get a Quote

£3.72 Yes "Cash In Option" Get a Quote
over 50s life cover Shepherds Friendly

Get a Quote

£10 Yes £250 contribution to funeral costs & £50 of vouchers Get a Quote
aviva Aviva

Get a Quote

£7 Yes £50 free gift card Get a Quote
Legal & General Legal & General

Get a Quote

£5 Yes £300 contribution to funeral costs & £85 free gift card Get a Quote
Assurity Assurity

Get a Quote

£10 Yes None Get a Quote
 royal london over 50s life insurance  Royal London

Get a Quote

£3.95  Yes    £300 contribution to funeral costs Get a Quote

Our featured Over 50 insurance  provider

As the UKs leading over 50 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 one of the lowest monthly premiums, the SunLife Over 50 plan also currently comes with a £90 gift card when you apply before the 2nd July 2018.

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..

Get a quote

Life Insurance Over 50 with guaranteed acceptance

If you are over 50 and thinking about life insurance, you will no doubt have noticed the adverts on TV and in the press for Over 50 Life Insurance – guaranteed life insurance plans offered by well known companies such as SunLife, Royal London, British Seniors and L&G.

Many people choose a guaranteed over 50 plan for its ease and simplicity. You don’t have to answer any medical or lifestyle questions and you are guaranteed to be accepted as long as you are between the ages of 50 to 80 (or 85 in the case of SunLife) and live in the UK.

Whether you are over 50 and looking for life insurance to help with funeral costs, or wanting to leave money to family, it is important to compare 50 plus life insurance quotes so you can choose a plan that is affordable, provides the benefits you are looking for and gives you the greatest cash sum.

To help you choose the best Over 50 life insurance for you, we have reviewed market leaders making it easy for you to compare. In addition, by using our life insurance comparison table, you can get quotes from leading life insurance providers so you can see for yourself just how much more life cover you can get for your money.

Plus as well as being the market leading 5 star feefo rated plan provider – SunLife, our featured Over 50 Life Insurance company is currently offering a £90 gift card when you apply before the 2nd July.

To get a SunLife Over 50 life insurance quote - click on the button

Get a quote

Over 60 life insurance without medical

A question we get asked frequently is, "What is the best life insurance for over 60 years of age?"

Even though many life insurance plans are called ‘Over 50 Plans’, they are suitable for over 60s and over 70s too. In fact some companies provide life cover for those up to 80 years of age and SunLife have a maximum age limit of 85.

As we get older we start to think about putting plans in place for our later years to protect our families, perhaps from the financial burden of paying for our funeral. This is where Over 60s life insurance could be helpful, particularly as your eligibility for cover does not depend on the state of your health. Your acceptance is guaranteed with no questions asked about your health or lifestyle – you just need to be within the age limit and live in the UK.

What also appeals to many over 60s is that guaranteed life insurance is affordable, with cover from as little as £3.72 a month; but it does pay to compare the market for over 60s life insurance, which is where we can help.

We make comparing life insurance for those over 60 easy with our reviews and comparison table. You can use our comparison service to compare over 50 plans based on the monthly premiums your prefer, the cash sum paid out when you die and other benefits such as how soon you are covered and how long you pay into the plan.

Although these days cover for both males and females is the same, it's worth noting that smoking could affect your over 60 life insurance monthly premiums. Some companies may charge more for covering a person who smokes, so this again is where a detailed comparison will help.

Of course life insurance for over 60s isn’t just about helping to cover funeral expenses; you may instead want to leave your family a cash gift or perhaps you have some loans or credit cards that will need paying off once you're gone. Whatever your reason, leaving a cash sum for those you leave behind is a kind thing to do.

If it is funeral costs you are thinking about though, most companies like our featured over 50 life insurance provider SunLife give you the option to add ‘funeral benefit’ cover to the plan for free. For example with the SunLife funeral benefit option, you receive an additional £300 contribution towards the cost of your funeral, simply by agreeing for your cash sum to be paid directly to Dignity, one of the largest funeral services providers in the UK.    

For more information on the SunLife Over 50 plan and to compare quotes – click on the button.

Get a quote

Life insurance Over 70 with no medical

You may think that being over 70 means you are too old for life insurance – well you would be wrong. It stands to reason that as the UK population is living longer, more older people will be looking to protect their families with life insurance – which is where life insurance for the over 70s can help.

An Over 70 life insurance plan will generally be labelled as an Over 50s plan as that is what they are commonly known as because they generally provide life cover for those between the ages of 50 to 80.

Acceptance for these types of plan is guaranteed with no medical questions to answer as the state of your health isn’t taken into account.

The main reason people buy over 50 life insurance is to help with funeral costs, leaving a cash sum for family to help ease the financial burden of paying for a funeral.

When calculating how much life cover you need, it's worth bearing in mind that the average cost of a funeral today is £4,078, which is likely to increase with inflation over the years. The amount you are comfortable paying on a monthly basis will determine the cash sum paid out when you die, but whatever the amount, it could still help your family financially at what will undoubtedly be a very difficult time.

Our comparison table will get you started; it’s important to get a range of 50 plus insurance quotes so you can compare not only the cash sums based on your preferred monthly budget, but also the benefits so you can make a more informed choice.

You may also want to consider comparing over 50 life insurance quotes with SunLife  – our featured over 50 plan provider. SunLife is the leading over 70 life insurance provider in the UK and has a 5 star rating with independent review site Feefo. Premiums start from just £3.90 and are currently offering a £90 gift card when you apply for their guaranteed over 50 life insurance plan before the 2nd July 2018.

For more information on SunLife and to get a free quote – click on the button.

Get a quote

Could you get at least 40% extra cover?compare over 50 life insurance

tick  Are you in good health?

tick  Happy to answer health and lifestyle questions?

If you are in good health and happy to answer a few questions that include health and lifestyle questions, then you could get up to 40% more life cover for your money with a regular whole of life insurance plan. 

Take a look at the differences in cash sums between the guaranteed over 50 plan and regular life insurance based on a non smoker paying £10 a month. It doesn't matter whether you are over 50, 55, 60, 65 or 70; regular whole of life insurance offers a greater level of protection:

How much extra insurance cover could you receive?

 Age  Over 50 Life Insurance  Whole of Life  Extra Cover
 50  £3,796  £4,728  25%
 55  £2,911  £3,931  35%
 60  £2,256  £3,172  41%
 65  £1,796  £2,490  39%
 70  £1,353  £1,891  40%
 Based on a male non-smoker paying £10 a month using Legal & General results 8/3/16

These whole of life insurance plans work in a similar way to guaranteed over 50 plans; you pay a fixed monthly amount in return for an agreed cash sum when you die, however the application process is longer and there is a chance you could be turned down; which is a key difference between the 2 plans.

Get a Quote

If you are accepted, cover is immediate and the cash sum could be much greater so it could be worth considering and at least comparing the two types of life cover.

Don't just take our  word for it, the consumer champion Which? also advocates that consumers compare all of their options.

Getting a quote is simple, just click on the "Get a Quote" button, enter your details and you will receive a range of quotes for the guaranteed plan option: shortly afterwards the friendly team at Reassured will call you and ask you a few questions to see if you qualify for the extra life cover.

You can then decide on the best option and either apply or ask for a brochure.

over 50s life cover

Over 50 Life Insurance Reviews

To save you time, we have reviewed the leading over 50 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, our tables show at a glance the main features you should expect and our individual company reviews give you a more detailed insight into each plan - just click on the name of the over 50 plan provider you are interested in for more information.

Plan Provider Guaranteed Acceptance Full cover after Payments payable until Other benefits

 Royal London

Yes 12 months 90th birthday or max 30 years Funeral benefit option of £300 
Unique facility if you reduce or stop
your plan can continue: see details 

 British Seniors

Yes 24 months Until you die Lifetime payback guarantee

 Shepherds Friendly

Yes 24 months 90th birthday Funeral benefit option of £250 

 Aviva

Yes 12 months 90th birthday or max 30 years  Accidental death cover in first year & double payout after

 Ageas

Yes 24 months 90th birthday  Funeral benefit option of a 10% contribution 

 One Family

 Yes 24 months  90th birthday Funeral benefit option of £250
Terminal & serious illness
Free support & advice 

  SunLife

Yes   24 months Until you die  Funeral benefit option of £300 

Compare Top 10 Guaranteed Over 50s Life Insurance Companies

Here are our 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.

Get a Quote

Regular Whole of Life Insurance Reviews

Here are our market leading regular whole of life reviews. To review, get a quote and compare features and prices simply click on your chosen provider - with these life insurance plans you don't have to be over 50.

over 50s life cover

The Over 50 plan with no medical

A guaranteed over 50 plan is a whole of life insurance plan that pays out a cash sum when you die. Acceptance is guaranteed with no medicals or health questionnaires to complete; quite simply you will be covered by your over 50s life insurance plan regardless of any health issues you may have, as long as you are between the ages of 50 and 85*.

The over 50 guaranteed life insurance plan is an affordable way to leave money to those you care about, giving them the flexibility to use it in a way that suits them:

  • Help with funeral costs
  • Pay off outstanding debts or bills
  • Use as a treat or to buy something to remember you by
  • Leave as a gift for grandchildren

The benefits

tick

  Guaranteed acceptance – you will be covered by your over 50 plan regardless of any health issues

tick

  No medical life insurance is simple – just a straightforward easy application

tick

  Affordable monthly payments - starting from £3.90 (£10 a month when you use our comparison service through Hannah Financial Services)

tick

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

tick

  Fixed monthly payments that never change – can help with budgeting

tick

  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

tick

  Available to anyone in the UK between the ages of 50 – 80

tick

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

Get a quote

Funeral Benefit Option

Most over 50 plans now offer a funeral benefit option.  They vary slightly but typically, instead of having the money paid to your estate when you die, you can agree for it to be paid directly to a specified funeral director to help pay towards the cost of the funeral.  The option is usually free and in return you get additional life insurance cover.

You will either receive an additional £250/£300 towards your funeral costs or 10% of the cash sum towards your funeral directors fees when the time comes.

If you are thinking about taking out life inisrance for the over 50s to help with funeral costs, it is worth looking at additional life cover.

Get a quote

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 plan usually gets paid to your estate so may be subject to inheritance tax

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

We compare these leading providers

over 50 plan     compare over 50 life insurance      over 50 life insurance with free gift        best over 50 life insurance    aviva over 50 life insurance    zurich over 50s life insurance   royal london over 50

Your questions answered

What is the maximum amount of over 50s life cover I can have?

This will depend on the plan provider and so will vary, but typically you can get up to £25,000

Can I have a joint over 50 life cover plan?

No. You can only take a plan out in a single name, so if your partner or spouse would like cover aswell, they will need to take out a separate plan

Are guaranteed Over 50 plans value for money?

This is insurance and like all other insurance plans, they are there to protect us and give us peace of mind. Year after year we pay out hundreds of pounds on insurance. Car, home, mobile phone, travel, health, the list is endless. We dutifully pay our monthly fees, often paying in far more than we will ever claim.  

Over 50 plans are no different.

The longer you live, the more you pay so you could end up paying in more than the plan pays out. There is one difference with these insurance policies though and that’s the fact that when you die, as long as it’s after the initial one or two year period, they are guaranteed to pay out.

Can I get Over 60s life insurance?

It doesn’t matter whether you are Over 60, Over 70 or in some cases even over 80 (depending on the 50 plus insurance provider), you are guaranteed to be accepted for Over 50s Life Cover as long as you are between the ages of 50 and 85; so yes you can in effect get life insurance for over 60 years of age. 

Will I pay more in premiums than the plan pays out?

If you are pondering over whether you think an Over 50 Plan is the right choice for you, it’s probably worth doing the maths. The good thing is that because the amount you pay on a monthly basis and the amount paid out on death stays the same, it’s easy to work out. You just need to look at how many months you will pay your over 50s life insurance premiums for before they add up to the same amount as the cash sum paid out on death 

For example:

You agree to pay £12 per month for £2,000 of cover (this level of cover is just an example and will depend on your age) £2000 divided by £12 = 167: After 167 months, you would start to pay in more than the money paid out (i.e. the £2,000) 167 divided by 12months = 14: If you die within 14 years of taking the policy out, the money paid out when you die will be higher than the amount of money you have paid in.

If you live for longer than 14 years, you will pay more than the plan will pay out

Which is the best Over 50 life insurance plan?

This really does depend on your personal circumstances and what is important to you. Essentially one of the main points will be the level of cover provided which is why it is important to compare over 50 life insurance quotes.

Then consider which features are important to you. For example, is it important that your over 50 plan provides life cover after 12 months or are you comfortable waiting for 2 years? Are you looking to include the funeral benefit option? Would you prefer an over 50 plan that pays out if you are diagnosed with a terminal illness?

To help you decide, why not take a look at our Reviews section which provides an over 50 life insurance comparison of the UK’s leading plans in addition to a more detailed insight into what each has to offer.

Can I cancel the plan?

All Over 50 life Insurance providers will have a cancellation policy allowing you to cancel and get any premiums paid refunded within certain period, typically the first 30 days. After this period you will still be able to cancel however you would not get any money back and theover 50s life cover would end.

Why do over 50 life insurance quotes vary so much?

Over 50 life insurance quotes vary depending on your age, the amount you want to pay on a monthly basis and in some cases whether you smoke. You will also notice the cash sum available will vary by company so it is important to compare over 50 life insurance quotes from a range of providers before making your decision.

What does Martin Lewis think of the Over 50 Plan?

It’s no secret that Martin Lewis at Moneysavingexpert is not a fan of over fifties life insurance plans but for some, an over 50 plan can be a great way of leaving a cash sum for those left behind.

The main thing is to read all the facts to ensure you completely understand how your chosen Over 50 Life insurance plan works before you sign on the dotted line.

For example because with most plans you pay your monthly premiums either for life or until you are 90, there is a chance you could pay more in than the cash sum paid out when you die. It all depends on how long you live.

At the end of the day Over 50s life cover is an insurance plan, so like all insurance you are paying to cover a risk. The difference with the Over 50 Life Insurance plan is that as long as you pay the premiums when due, it will pay out a cash sum when you die. The same cannot be said of home or car insurance where you could pay monthly premiums for nothing in return if you go through life without making a claim.

One of the main things that appeals to customers who buy over 50 life insurance is that acceptance is guaranteed regardless of any health issues; so any existing illnesses aren’t taken into account. Therefore if you have been diagnosed with a medical condition, smoke or perhaps have shorter life expectancy in your family history, you will still be accepted for an over 50 plan.

To help you compare leading plans, take a look at our life insurance comparison table and get several over 50 plan quotes so you can see just how much cover you can get for your money.

Is it worth considering the cheapest over 50 life insurance plan?

It is important that you choose an over 50 life insurance plan that is right for you, based on your personal requirements. Whilst the cheapest over 50 plan may tick the box in terms of low monthly premium, you need to be comfortable that the level of cover provided is suitable too.

By taking time to compare over 50 life insurance quotes, you’ll see at a glance the cash sum you could get based on the amount you want to pay on a monthly basis. 

Who offers the best over 50 life insurance plan?

There are a number of companies that give you the opportunity to compare over 50 life insurance quotes from leading providers, Go Compare, Moneysupermarket, ComparetheMarket and of course this site - you can also go direct to the likes of Royal London, Sun Life & LV.

The process is quick and straightforward. By answering a few simple questions, you will be provided with a range of over 50 life insurance quotes in minutes, saving you the time consuming task of searching the market yourself.

Can an over 50 plan help with funeral costs?

Many people buy over 50 plans to help with paying funeral costs. By agreeing to pay a fixed premium on a monthly basis, a cash sum will be paid out when you die that your family can use to help with funeral costs.

In addition, most plan providers offer a free funeral benefit option which provides additional free cover if you agree for the cash sum to be paid directly to a specified funeral director. When the time comes, they will provide the funeral services using the proceeds from your life cover to help cover the funeral costs.

Want to listen to our podcast?

In addition to reading about how a plan could benefit you, why not listen to our 5 minute podcast; it could help you make more sense of your options

Why do some companies offer over 50 life insurance with free gifts?

A number of companies offer over 50 life insurance with free gift to thank you for choosing their plan however it is important that your decision to buy is based on the life cover provided and not swayed by any free gift that may be on offer.

Who are Over50choices?

We specialise in personal finance for the over 50s and in particular over 50s life insurance and funeral planning.

We offer an over 50s life insurance comparison service comparing these leading companies:

  • Shepherds Friendly Over 50's life cover
  • Aviva Over 50s guaranteed lifelong protection
  • AIG Over 50s plan
  • L&G Over 50s life insurance
  • One Family Over 50's life insurance
  • Sunlife over 50 plan
  • British Seniors Over 50s life insurance

What is guaranteed life insurance?

Guaranteed life insurance is a term often used with life insurance for the over 50s, as this type of plan will not ask any health questions, guaranteeing your acceptance even if you are in poor health.

All of our top 10 providers will offer you guaranteed life insurance; so getting quotes from more than one company could be a good idea to compare the differences.

Don't miss out...

Sign up to our monthly newsletter for the lastest updates

Subscribe
Is equity release a good idea?

Use the calculator to see how much cash you could release from your home

Have you switched energy supplier yet?

Switching your energy supplier has never been easier

Is private health insurance expensive?

It could be more affordable than you think

Our Trusted Partners

over 50 life insurance    funeral plans   equity release         best energy deals   over 50s car insurance  making a Will

We use cookies to improve our service to you. You can read our cookie policy here. By continuing you agree to our use of cookies.