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5 reasons why over 50s life insurance might be right for you

Our over 50s life insurance is a way of helping your loved ones once you’re gone. Here are our top five reasons why over 50s life cover might be right for you.

What is over 50 life insurance?

An over 50 life insurance policy is a way of giving you and your loved ones peace of mind. If you have the policy for one or two years, then your loved ones receive a cash sum when you die.

With life insurance over 50, your loved ones can use the money however they like, whether that’s to help with funeral costs, pay the bills, or treat themselves to a well-deserved holiday.

How does over 50 life insurance work?

Our over 50 life cover is pretty simple. You pay a set amount every month until you die, and then your fixed sum is paid out to your loved ones – providing you have paid your premiums.

As long as you’re a UK resident aged between 50 and 85 then you won’t be turned down for an over 50 plan.

It’s easy to apply and you don’t need to divulge any medical or lifestyle details to be accepted, so you don’t need to worry about being a smoker, other health concerns or that you’ve left it too late.

Get a quote for over 50s life cover.

Is over 50 life insurance right for me?

Our over 50 life insurance is about providing you with peace of mind, so you can take care of those you love when you pass away.

Here are our top five reasons why our over 50s life insurance might be right for you:

1. You’re guaranteed to be accepted

If you’re a UK resident aged between 50 and 85 then you’re guaranteed to get cover.

As long as you pay your premiums until you pass away, your chosen cash sum will be paid out to your loved ones when the time comes.

2. To leave your loved ones a gift

For some people, an over 50 life insurance plan is a perfect way of leaving some money behind for a partner, children or the grandchildren.

Leave your loved ones some money for a holiday, a new car, or leave it as a gift for the grandkids.

Some people also choose to leave it as a donation to their favourite charity or cause.

3. To help deal with debt

When you die, your debts don’t necessarily get wiped. A guaranteed plan is a safe way of ensuring your family have some finances in place to help deal with whatever happens once you’re gone.

Over 50 life insurance can help a partner or children deal with any outstanding debts or payments if the worst were to happen.

a couple looking at their bills

4. To help cover funeral costs

Funeral costs are rising and while no one likes talking about their death, it’s important to think about who’s going to cover the costs.

Not having a plan in place could end up leaving your loved ones having to plan and pay for your funeral themselves.

With the rising cost of funerals it might be difficult for your loved ones to find the cash to cover all the expenses. With a plan in place you’ll help with funeral costs which can make a huge difference in difficult times.

Take a look at the average cost of a funeral in the UK today or use our funeral costs calculator to see what a funeral costs where you live.

grandad hugging his grandchildren

5. If you need an affordable plan

Generally, life insurance gets more expensive as we get older but don’t let this put you off. Over 50 life cover might cost less than you expect.

Over 50s life insurance plans can start from less than £4 a month. Find out why SunLife’s Over 50 life insurance might be right for you.

It’s not too late to help loved ones feel more prepared for the future – and to enjoy some extra peace of mind yourself.

a family eating in the garden

Want to know more about over 50 cover?

If you think you might be ready to take out cover, or you simply want to know how much it could cost, why not get a quote online today?

It’s free and only takes 60 seconds.

Here's the information that you need to know about who we are and the other companies that we work with in order to provide our products and services.

Who are SunLife?

Phoenix Life Limited trades as SunLife and is the provider of the Guaranteed Over 50 Plan, SunLife Insurance and the life insurance policy payment option for Funeral Plans. Phoenix Life Limited’s registered office is at 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 1016269). 

SunLife Limited distributes financial products and services and is a company limited by shares, registered office: 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 05460862). SunLife Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (registration no. 769427).

You can contact us by post at SunLife, PO Box 1395, Peterborough, PE2 2TR or by phone on 0800 008 6060.

If you choose to add Funeral Benefit Option to your Guaranteed Over 50 Plan, Dignity Funerals Ltd arranges and provides the funeral services, registered office: 4 King Edwards Court, Sutton Coldfield, West Midlands, B73 6AP (registered in England and Wales, No. 00041598). Dignity Funerals Ltd is a member of the National Association of Funeral Directors.

Who provides the Funeral Plans?

Dignity Funerals Ltd arranges and provides the funeral services, registered office: 4 King Edwards Court, Sutton Coldfield, West Midlands, B73 6AP (registered in England and Wales, No. 00041598). Dignity Funerals Ltd is a member of the National Association of Funeral Directors.

The life insurance policy that pays for your funeral will be provided by Phoenix Life Limited, trading as SunLife.

Who provides My Smarter (ISA)?

My Smarter (ISA) is provided by Scottish Friendly Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority. Details can be found on the Financial Services register, registration No. 188832. Member of The Investment Association. Registered Office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ.

Who provides the Will writing services?

Hugh James is authorised and regulated by the Solicitors Regulation Authority (SRA Number:303202).

The information contained on this website is based on Hugh James' understanding of the law of intestacy in England and Wales only as at April 2014. The law in Scotland and Northern Ireland is significantly different. This is for information purposes and is not intended to be legal advice.

Who provides SunLife Pet Insurance

SunLife Pet Insurance is arranged and administered by BDML Connect Limited. BDML Connect Limited is authorised and regulated by the Financial Conduct Authority (No. 309140). Registered in England and Wales Number 02785540. Registered Office: 45 Westerham Road, Bessels Green, Sevenoaks, Kent, TN13 2QB.

Who provides SunLife Home Insurance

SunLife Home Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.

Who provides SunLife Car Insurance

SunLife Car Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.