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Guaranteed Over 50 Plan Verification

Full cover after one year

In the first year of the plan you would only get the full payout if you were to die from an accident. If you were to die for any other reason in the first year, you would not get a payout. However, the premiums you had paid for that plan would be returned in full. See the terms and conditions for more information.

The UK’s No.1 Choice/The Nation’s Favourite/The UK's Most Popular

SunLife has 70% market share of all whole of life guaranteed acceptance plans bought directly. Source: ABI statistics issued in June 2020 for 12-month period to 31st March 2020 based on new Phoenix Life policy sales trading as SunLife.

Across 2018-2019, SunLife wrote more than double the business of any other provider of guaranteed acceptance whole of life sales. SunLife had 44.6% share of new guaranteed acceptance whole of life sales during that period. Source: Swiss Re Term and Health Watch Report 2020.

The Most Trusted

SunLife’s over 50s life cover is trusted by the most people in the UK. For the last five years, we’ve been the market leader in whole of life guaranteed acceptance plans bought directly, and currently SunLife has 70% market share of all whole of life guaranteed acceptance plans bought directly. Source: ABI statistics issued in June 2020 for 12-month period to 31st March 2020, based on new Phoenix Life policy sales trading as SunLife. For more information about this source, please get in touch.

Immediate Cover for Accidental Death

The full cash sum is paid if you die as the result of an accident, even if you’ve had your plan for less than a year. Full terms and conditions apply.

Guaranteed to Pay 100% of Claims

Your payout is guaranteed, in accordance with the terms and conditions.

One of the most affordable

SunLife offers a monthly premium option of £3.70, making it one of the most affordable ways to take out over 50s life cover.

Average cost of a funeral

£4,417 represents the mean average of the cost of a burial and the cost of a cremation in the UK (based on the mean average of the cost of a burial and the cost of a cremation in the UK). For more information about funeral costs by type and region, please see our Cost of Dying report.

Defaqto 5 Star Rating

Our Defaqto 5 Star Rating applies to PayStop, our premium cap option. It is the highest rating of 5 Stars and rated by experts for our product features.

Feefo rating

As of 30th April 2020 we have the highest customer service rating on Feefo of any over 50s plan provider. Based on 5,431 reviews.

Trustpilot rating

As of 14th April 2020 we have a TrustScore rating of 4.7 out of 5. Based on 1477 reviews.

One Guaranteed Over 50 Plan is bought every 5 minutes

Based on new policy sales for a 12-month period to 30th May 2019

Amount of claims paid out

£365,801,175, paid out in claims as at 16th December 2019

PayStop

You can tailor your plan with PayStop, 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.

£50,000 Big Cash Draw

The Draw is free to enter for all SunLife Guaranteed Over 50 policyholders who are resident in England, Scotland and Wales. Residents of Northern Ireland cannot enter the Draw. Full terms and conditions are here.

For more information about these claims, or for sources please get in touch.

Guaranteed Funeral Plan Verification

Rising Funeral Costs

SunLife Cost of Dying report 2020

Product Availability

Not all products are available outside mainland UK. Please call for more information.

FSCS Protection

As SunLife is regulated by the Financial Conduct Authority, its qualifying products come with Financial Services Compensation Scheme (FSCS) protection.

This means in the unlikely event of SunLife failing as a business, the life insurance policy (which pays for your funeral plan) would be protected, and your loved ones would still get the money.

Very few funeral plans from other providers come with this protection.

The Over 55 Equity Release Service

£10,000 is the minimum amount customers can release with a lifetime mortgage. For other Equity Release products the minimum amount may be higher. The amount released will depend on your age and value of your property.

The statement 'one taken out every 12 minutes' is based on the total number of equity release sales in 2019.

Age Lifetime is an appointed representative of Age Partnership.

Free Gift Terms & Conditions

  • Gift sent after 6 months’ premiums paid.
  • SunLife reserves the right to withdraw this offer at any time, or limit the total number of gifts for each customer.
  • SunLife can stop the issue of a gift to any customer who has previously held and cancelled a SunLife policy.
  • To prevent fraud and comply with anti-money laundering regulations, SunLife may ask for proof of identity before fulfilling any gift.
  • SunLife will cancel any gift should we discover or have a reasonable suspicion that the terms of the offer are being abused.
  • Please note that gifts are subject to availability. In the event of your chosen gift not being available, an alternative of the same value will be offered.
  • The card belongs to the Park Card Services Ltd of Valley Road, Birkenhead, Merseyside, CH41 7ED.
  • By using the card you are deemed to accept Love2shop terms and conditions.
  • Full Love2Shop terms and conditions are available here.

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 and who provides the SunLife Guaranteed Over 50 Plans?

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

Phoenix Life Limited trades as SunLife and is the provider of the SunLife Guaranteed Over 50 Plan life insurance policies. Phoenix Life Limited’s registered office is at 1 Wythall Green Way, Wythall, Birmingham, B47 6WG, United Kingdom (registered in England and Wales, no. 1016269).

Who provides the Funeral Benefit Option?

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 is not authorised or regulated for this activity by either the Financial Conduct Authority or the Prudential Regulation Authority. 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 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.