Frequently Asked Questions

All you need to know about 50 Plus Life Insurance


About the insurance


Why should I consider this cover?

With 50 Plus Life Insurance you can promise your family a cash sum to help with funeral expenses, saving them from this anxiety when they'll have so much else to think about. Remember that inflation will reduce what your cash sum will buy in the future, so it's important to take this into account when you're choosing how much cover you need.

Or you may want to give your family a helping hand by passing on a cash sum. 50 Plus Life Insurance is a simple, low-cost way to leave money to your children or grandchildren.

Who can apply for 50 Plus Life Insurance?

Anyone who is a UK resident and aged 50 to 80 is guaranteed acceptance, with no medical and no health questions asked. So if your partner meets these criteria they can be covered too.

How much will it cost?

You could pay from just £8 to £50 a month for your cover – use our life insurance calculator to work out how much you want to pay or how much money you wish to leave.

Will my premiums go up?

No, not unless you choose the increasing cover option (see below). Once you've started your cover you'll never pay more, so it's easier for you to budget over the long term.

How long will my cover last?

You will be covered for life, as long as your premiums are paid. When you reach 90 you will stop paying, but will still have cover for the rest of your life. Depending on how long you live, you may pay more in premiums than your cover pays out.

Is the cash payout guaranteed?

Yes, as long as you've had your cover for a year. If you die before that because of an accident, your family will receive the full cash sum. But if you die within the first year for any other reason, they will get back 1.5 times the premiums you've paid.

What happens if I stop paying premiums?

If you stop paying your premiums we will keep your policy open for 30 days. After this time your cover will be cancelled and you won't get anything back.

Can I cash in my plan?

No – this is simple life cover, so it has no cash-in value at any time.

What is the funeral benefit option?

This option ensures your policy will contribute towards the cost of your funeral, although it does not guarantee to cover your full funeral costs. Choose this option when you apply, or at a later date to suit you, and you will also receive a £250 voucher towards your funeral expenses. Find out more about our funeral benefit option.

What is the increasing cover option?

This option helps reduce the effect of inflation on your cash sum as your premiums and cash sum will rise by 5% of the starting premium and cash sum each year. These increases will continue for 20 years or until you reach age 90. This option can only be selected when you start your policy. Find out more about our increasing cover option.


Contact us


Who can I contact for more details about 50 Plus Life Insurance?

You can telephone one of our advisers on 0800 107 6641 for more information about our policy.