One Family Over 50 life insurance Review

  • Premiums start from £10 a month
  • Terminal illness benefit
  • Funeral funding as standard
  • Guaranteed acceptance for UK residents aged 50 to 80
Updated 23rd May 2024 - I have reviewed One Family Over 50 Life Insurance to help you understand more about the company and the services they offer. Here’s what I found:

This review of One Family Over 50s Life Insurance is intended to help you understand the features and benefits of the plan, the options available and things to consider. Do make sure you read, understand and are happy with the terms and conditions of any plan you decide on.

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One Family Over 50s Life Cover

The One Family Over 50s Life Cover works in a similar way to other over 50s life insurance on the market but has one additional feature.

As well as guaranteeing to pay a cash lump sum when you die, the plan also pays out if you are diagnosed with a terminal illness after two years.

Why Choose One Family Over 50s Life Cover?

  • UK residents between the ages of 50 and 80 are eligible
  • Whole life insurance that is guaranteed to pay out a cash lump sum on death
  • You’re guaranteed to be accepted with no medical or health questions
  • Pays out full cash sum if you are diagnosed with a terminal illness after 2 years
  • The cash payout is tripled if you were to die from an accident in the first 2 years
  • Premiums from £10 to £75 a month
  • Monthly premiums stop when you reach 90 but cover continues
  • Full cover after 2 years – if you die within this initial period 150% of your premiums would be refunded
  • Funeral funding included as standard
  • Access to One Family Support Services
  • Non-smokers are rewarded with higher levels of life cover

You may wish to see how One Family compares to other over 50 life insurance quotes in our list of regulated plan providers.

Free Funeral Funding optionsunlife ad

The One Family over 50s life insurance comes with a free Funeral Funding option. This gives you the chance to increase your life cover by a further £300, in return for agreeing to have the cash sum paid directly to Golden Charter when the time comes, as payment towards your funeral expenses.

Depending on the size of the cash sum paid out, your family may still need to help with funeral costs, but if the cost of the funeral is less than the cash sum, the outstanding balance will be paid to your estate.

Things to consider

  • The cash sum paid out is fixed so inflation will reduce its value over time
  • If you stop paying your premiums, your cover will cease and no money will be paid out
  • The cash sum usually forms part of your estate and therefore could be subject to inheritance tax
  • There is a chance you could pay in more than the cash sum paid out; it all depends on how long you live
  • You wouldn’t be covered for the full cash sum if you died within the first 2 years, however 150% of the premiums paid would be fully refunded

Additional features of One Family's over 50 life insurance

When you buy One Family Over 50 Life insurance you get free access to a range of support services at no extra cost. The health support service provided by RedArc offers emotional and practical support to help you and your loved ones cope with a serious illness, disability or bereavement.

Next steps

My review of One Family Over 50 Life Insurance is designed to help you compare plans and find the best option for you. I would always recommend that you review all of your options to ensure you’re getting the best deal that suits your budget and needs.

There are a range of companies offering over 50 life insurance and whilst One Family could be right for you, it maybe worthwhile getting several quotes before making your choice.

Compare leading plans here


one family logo

One Family is the new name for Engage Mutual, so if you have an existing life insurance plan and wish to contact them please use these details:

Customer Services
16-17 West Street

Telephone 0800 085 0400

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