Our Guaranteed Over 50 Plan works by paying out a fixed cash sum to your family when you die.

When you take out a SunLife plan, you’re immediately covered. Once you’ve had your cover in place for a year, the full cash sum will be paid out on your death.

If you die within the first year, we’ll pay out all the premiums paid in.

Based on your age and the premium you choose, the SunLife plan could cost you anything from £3.70 to £74 a month.

You can choose any monthly payment you wish. But your life cover cannot exceed £18,000 across all your SunLife plans.

Depending on how long you live, you could pay in more than we pay out.

No. One of the best features of our plan is that we guarantee to never increase your premiums.

No, we won’t ask you to take a medical or access your records. And we won’t ask you any questions about your health.

Unfortunately, we don’t offer joint policies, but your partner can also take out a plan in their name if they wish to.

Yes, you can have multiple plans. But your monthly payments can’t be more than £100 a month and your total life cover cannot exceed £18,000.

Please be aware that you could get a lower total sum assured from several separate plans. This means that your sum assured could be higher if you take out a single plan for the same total monthly premium.

You’ll pay your chosen amount every month for life, so it’s important you choose an amount you can afford.

You should also bear in mind that, depending on how long you live, you could pay in more than the cash payout.

If you choose the Premium Cap Option then you will pay for the agreed length of time.

After you have paid your first premium, you may request that your future premiums are reduced. This will also reduce the cash sum amount.

You can only reduce your premiums once and when completed, it cannot be undone or altered. The lowest amount you can reduce your premiums to is the minimum level that was available when you purchased your policy.

For more information read our terms and conditions including the policy summary (PDF)

When choosing your premium, it’s important to pick a monthly payment that you can afford. If you stop paying, your cover will be cancelled and you won’t get anything back.

You'll receive your FREE £85 gift card after you've made 3 monthly payments. It's yours to spend across thousands of high street stores including M&S, Argos and Iceland. Full terms and conditions apply.

If you add the Funeral Benefit Option to your plan, your family will receive an extra £300 towards your funeral – at no extra cost. So if your SunLife cover is to contribute towards funeral costs, this could be a way to lend an extra helping hand.

It’s simple – when you pass away your cash sum will be directly to Dignity Funerals Limited. A Dignity Funeral Director will help your loved ones make all the arrangements and Dignity will contribute an extra £300 towards your funeral bill.

Dignity Funerals Ltd have over 800 funeral directors nationwide, so they could be just on your local high street. You can only have one Funeral Benefit Option at any time across all plans with any provider.

It’s important your loved ones know you have chosen this. Otherwise they may not find the details until after your funeral has been arranged and they won't receive the £300 contribution from Dignity.

You can tailor your plan with our Premium Cap Option. This means you’ll pay a slightly higher premium, but your payments will stop at an agreed date rather than on death.

It is available for anyone aged 50-80. You can get a quote online or by calling us on 0800 904 7674.

Accidental Death Benefit means that if you die from an accident or as a result of your injuries, within the first year of taking out your plan, you’re still covered, and we’ll give your loved ones the full payout.

Inflation simply 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, in 1980 you could buy nearly three loaves of bread for £1, but today you would be lucky to buy one.^*

Inflation will reduce the buying power of your cash payout over time. When taking out your cover, you should think about whether it will continue to meet your needs in the future.

^*Source: Office of National Statistics (as at July 2018) Crown copyright material is reproduced with the permission of the Controller of HMSO

You’re free to cancel your Guaranteed Over 50 Plan at any time by writing to us.

If you cancel less than 30 days after you receive your policy documents, the monthly payments you’ve made will be refunded.

If you cancel or stop paying your premiums at any other time, your insurance will end and you won't get anything back.

Before taking out a plan, it’s important to be sure it’s best suited to your needs. You should also be comfortable with the monthly cost you commit to.

Making a claim is simple and our staff will do everything they can to make sure things run smoothly.

When the time comes, your loved ones just need to call our friendly UK-based team on 0800 008 6060. Or, they can write to us and we’ll help with the rest.

If you would like to make a claim in writing, please address it to PO Box 1395, Peterborough PE2 2TR.

If you’ve chosen the Funeral Benefit Option, they’ll need to contact Dignity Funeral Ltd directly.

The plan has no cash-in value at any time, so if you cancel your plan you wouldn’t get anything back.

Once you've been a customer for at least one month, you can refer your friends and family – and get a £100 gift card as a thank you. Just make sure your friend applies over the phone as they'll need to quote your unique referral code found in the packs we send you. Both gifts will be sent after your friend has made 3 premium payments. See full T&C's for more information.