Compare Life Insurance and Funeral Insurance for those Over 50.

Over Fifty Life Insurance is a product that many people try not to think about as it is for those of us that have reached the age where we do not want to think about our mortality. They are hard to escape though as they are advertised regularly on television by celebrities like Julie Walters and Sir Michael Parkinson.  Where they differ from traditional life insurance is that if you are aged between 50 and 85 (depending on the insurer), you are guaranteed to be accepted onto the policy and will not have to complete a lengthy questionnaire or take a medical before you get cover. This is why you will sometimes hear them called no medical life assurance.

Some of these policies also offer what is called a funeral option and this is to cover the costs of a traditional cremation funeral on your death so your family don’t have the financial worry at a very emotional time.

All these plans are what is commonly referred to as whole of life policies as they are designed to last for as long as you live. Like term assurance, they have no cash-in value so if you decide you want to cancel your policy or stop paying your monthly premiums, you will no longer be covered, and the premiums you have paid won't be returned.


Launched in October 2004, the LV= 50 Plus plan is available to 50-80 year olds, living in the UK. The life insurance policy provides guaranteed cover with a cash lump sum payable on death after one year of the policy being in force, without the need for a medical or answering any health questions.


Sun Life Direct

If you’re aged 50-85, from just £4 a month the Sun Life Direct Guaranteed Over 50 Plan could be right for you. It is an affordable way to leave your loved ones a fixed cash sum when you’re gone, either as a cash gift or to help towards funeral costs.


Legal & General

Guaranteed acceptance on Legal & General’s Over 50s Life Insurance Plans. Premiums start from £8 to £15 per month depending on your age.


Scottish Friendly

To apply you need to be a UK resident aged between 50 and 75. Monthly cover starts from £8 per month and they will send you a FREE £25 M&S gift voucher or a £25 High Street voucher when you start investing.


All these plans are designed to provide a one-off cash payment when you die. This cash could be used to help pay for funeral expenses, any loans or bills you may still have to pay, or perhaps to leave a gift for your loved ones.