Why choose SunLife for over 50s Life insurance?
The UK’s choice for over 50s life insurance^
From less than £4 a month††
Acceptance if you are aged 50-85
£75 gift card of your choice
What is the Guaranteed Over 50 Plan?
- You must keep paying premiums when they’re due or your plan will end and you’ll get nothing back
- The cash sum is fixed, so inflation will reduce its value over time
- Depending on how long you live you could pay in more than the cash sum paid out
- The SunLife Guaranteed Over 50 Plan is provided by Phoenix Life Limited
Every month, one lucky Guaranteed Over 50 Plan customer will win £10,000 in our Big Cash Draw.
To be in with a chance of winning, you can opt-in as part of the application process for a new Plan. Existing policyholders can enter here.
Over 50 life cover explained
Not sure how much life cover you need and what it will cost? Get some answers straight away.
See our examples of how much life insurance for over 50s might cost
See the Guaranteed Over 50 Plan in action, and find out how it works for our typical customers.
Why not tailor your plan?
Everyone’s different and we want you to get the life cover that you need. Here are a couple of ways that you can tailor your plan to fit you perfectly.
Get £300 towards your funeral costs
Add the free Funeral Benefit Option and get a £300 contribution towards the cost of your funeral. Perfect if you’re taking out a plan to help cover your funeral costs.
Cap your premiums
A higher monthly premium that you stop paying after a certain number of years – you'll still be covered for life and your cash sum will be the same. The Premium Cap Option is available for anyone aged between 50 and 80 years old. For a quote, please call 0800 904 7674. Lines open Monday-Friday 8am-8pm and Saturday-Sunday 9am-5pm
Committed to great service for more than 660,000 policyholders
Since starting the Guaranteed Over 50 Plan, we've paid out over £221 million in claims.
Our friendly team in the UK are on hand if you need anything.
We look after our customers – but don’t just take our word for it. We're the UK's No.1 choice for over 50 life insurance^ and 96% of new customers would recommend us.◊
Learn about over 50 life insurance
- 5 reasons to consider Over 50 Life Cover
- A simple way to help with funeral costs
- How does Over 50 Life Cover work
- Over 50 Life Insurance terms you should know
- Life insurance or funeral plan? An easy guide
- Is over 50s life insurance worth it?
- How can life insurance for over 50s help?
- The pros and cons of over 50 plans
Frequently asked questions
You can choose any premium, starting from £3.90 up to a maximum of £74 (£96.20 if you choose the Premium Cap Option), as long as your life cover, across all your Guaranteed Over 50 Plans, doesn’t exceed £18,000. You’ll pay this amount every month for life, or, if you choose the Premium Cap Option, for the length of time you have agreed to pay premiums. You should choose a premium that you’re comfortable paying – if you stop paying towards your plan, we would have to cancel your plan and you wouldn’t get anything back. You should also remember that, depending on how long you live, you could pay in more than the cash sum we pay out.
Making a claim is simple and our staff will do everything they can to make sure everything goes as smoothly as possible. When the time comes, all your loved ones need to do is call us or write to us and we’ll help them with the rest. If you have chosen Funeral Benefit Option, see more details on how to make a claim.
Inflation means that prices go up over time. Ever noticed how your money doesn't go as far as it used to? That's probably down to inflation. For example, £1 in 1980 could have bought you nearly three loaves of bread – but today you would be lucky to buy one*. You should think about whether the fixed cash sum you choose today will cover what you would like it to in the future.
*Source: Office of National Statistics
You can’t increase the premium you pay on an existing plan but you can increase your cover by taking out another plan. We’ll pay out a cash sum if you die, after you have had each of your plans for at least two years, as long as you are up to date on your premiums.
Yes. You can have more than one Guaranteed Over 50 Plan. However, the total of your monthly premiums for all your policies cannot be more than £100 a month and your total life cover cannot exceed £18,000.
You can cancel your plan at any time by writing to us. If you cancel your plan less than 30 days after you receive your policy documents, you’ll have any premiums paid fully refunded.
Remember, if you cancel, your life cover would end and you wouldn’t get anything back. We won’t cancel your plan for any reason, as long as you continue to pay your monthly premiums.
No. We won’t ask you any questions about your health and we won’t ask you to take a medical. If you’re aged 50–85 and a UK resident, you’re guaranteed to be accepted.
Terms and conditions
Before you decide if the Guaranteed Over 50 Plan is right for you, it's very important you:
- Read and understand these terms and conditions, including the policy summary
- Make sure you’re eligible for the plan
- Make sure you know what is and isn't covered by the plan
- Keep hold of these terms and conditions, so you can refer to them in the future
- Check these terms and conditions (including the policy summary) from time to time to make sure the plan is still right for you
Please remember, the information we've given you doesn't contain advice about whether the Guaranteed Over 50 Plan or Funeral Benefit Option are right for you. Please print or save these documents and keep them for future reference.
The smallest print
This website contains information on how the Guaranteed Over 50 Plan works. We haven’t given you any advice but you need to be satisfied this type of policy meets your needs. If you are unsure and need advice, please visit unbiased.co.uk to find an Independent Financial Adviser in your area (you may have to pay for the financial advice provided). If you have any questions about the plan, you can call us on 0800 904 7674.
†Average of quotes for standard funeral arrangements from a sample of funeral directors. Critical Research, 2016
^More people trust us with their over 50s life cover than any other provider. Most popular whole of life guaranteed acceptance plan bought directly. ABI statistics - 12 months up to 30 September 2017
††£3.90 is the lowest fixed monthly premium on the market for this type of product, compared with the top 5 most popular providers, as at 30 November 2017.
◊SunLife Continuous Research Programme, New Policyholders Oct-Dec 2017, based on a sample of 900 new policyholders
^^Upon receipt of required documents. 12 months to April 2017
*View the T&C's.