Over 50’s

What is it?

Over 50’s life insurance is a type of insurance specifically for people aged 50 and over. It can be used to ease the burden of financial commitments when you pass away, for example, funeral costs, debts, or even for some inheritance for a loved one.

How does it work?

It couldn’t be any easier. An over 50’s plan is a Guaranteed acceptance. As long as you are between the age of 50-80 you can get cover, regardless of your health, you don’t need to go through any stressful medical questions or medical underwriting.

You choose how much cover you need and the monthly premium is fixed for the duration of the plan. An Over 50’s plan is whole of life cover, so you have the peace of mind knowing that you will not out live the policy. As long as you keep up with premiums until your 90th birthday, cover will continue for the rest of your life.

You can also choose your beneficiaries of the plan by place the policy into trust, so that your beneficiaries are paid quicker and they will not have to pay an inheritance tax on the sum assured.

Some providers will also give you a funeral funding option, so they will, out of their pocket make a payment direct to your chosen funeral director.

Why take out an over 50’s plan?

Funeral Costs – An over 50’s plan can be ideal to ease the burden of funeral costs after you have passed away. It can pay a fixed sum on death, and be paid directly to a family member to help with the funeral costs.

Family – Many people take out an over 50’s life insurance policy to leave some money to their loved ones. This could be to help pay for medical costs after you’ve gone, or you may just want to leave them some inheritance for the future.

How much does an over 50’s plan cost?

The cost of an over 50’s life insurance policy will vary depending on two factors, including:




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If you fill out a form and provide us with your details, we will then get a member of our team to call you.


When one of our team gets in touch, they will then run through a FREE no-obligation quote with you.

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If you’re happy with the quote, we will run your application through our panel of 5 star Defaqto rated insurers for an instant decision. If you’re happy with everything the cover can start immediately

FAQ’s For Over 50’s Plan

Will my premium prices ever change?

No. An over 50’s insurance policy gives you fixed premiums, so your monthly premium will never change.

Will I need a medical?

No, you are guaranteed to be accepted regardless of any pre-existing medical conditions with an over 50’s plan.

Can I put the plan in trust?

Yes, you can put an over 50’s plan in trust. Putting your plan in trust would result in your beneficiary receiving the payout quicker and there is no inheritance tax to be paid.

What happens if I change my mind?

Your insurer will give you a 30-day cooling-off period from the date of taking out your policy. Then after this, you can cancel your over 50’s plan at any time. However, you will not receive any money back from what you have paid into your policy and you will no longer be covered.