If you are aged 50 to 80 and a UK resident which means you reside in the UK for at least 183 days per year, you're guaranteed to be accepted for the Over 50s Life Insurance Plans.
Life assurance is designed to pay out a cash sum if you die during your chosen period of cover, which is a maximum of 40 years.
The Over 50s Plans, however, are designed to cover you until you die no matter when death occurs, providing you have held the plan for more than one year.
The main differences difference between the two types of plan is the age criteria and eligibility. You can apply for life assurance from age 18, but life insurance is underwritten so during the application process we will ask questions about your medical history, occupation and lifestyle. To apply for our Over 50s Life Insurance Plans you must be aged 50-80 when you apply. Our Over 50s plans are not underwritten so you won't be asked any medical or health questions.
There are other important factors that you need to be aware of on both types of plan, so please read all the information available:
Your partner can also apply for a plan providing they are aged 50 to 80 and a UK resident and reside in the UK for at least 183 days per calendar year. However, as the plans are set up individually, they cannot be held in joint names.
Once you've submitted your application, your cover will start immediately and you'll receive your documents within 7-10 working days. If you have any questions in the meantime you can call us on 0370 051 5013 between 9am and 5pm Monday to Friday. Call charges will vary and we may record and monitor calls.
The plans are not savings or investment products and have no cash value unless a valid claim is made.
No, you will not need a medical or health assessment.
The Retail Prices Index (RPI) is used as a measure of inflation. It measures the changing prices of everyday household goods and services like food and energy bills, and shows how the cost of living rises over the years.
Yes, the Fixed and Increasing Plans can both be placed in Trust. This will help to ensure that the correct people receive the cash sum from your plan. Find out more about Trusts.
You can usually find your sort code on a bank statement or cheque book. It will usually have six digits in the format of xx-xx-xx. If you still can't find it, call your bank and they will be able to help.
You can usually find your account number on a bank statement or cheque book. It will usually have eight digits. If you still can't find it, call your bank and they will be able to help.
When you apply for a plan online you'll see a 'Summary' screen containing all the information you've provided before submitting your application. If you realise the details are incorrect you can use the 'Back' button in the bottom left of the screen to go back and change your details before submitting your application.
Yes, you can change your mind after you have taken out the plan. If you do change your mind about the Funeral Benefit Option please let us know and we will inform Dignity that the 'charge' is to be removed from your plan. Once the 'charge' has been removed your Over 50s Plan will continue as normal, without the Funeral Benefit Option and the extra £250 towards your funeral costs will no longer apply.
Visit our Contact Us section for useful telephone numbers, email and postal addresses.
Designed for those on a budget as the premiums and cash sum are fixed and will never increase once the plan starts. Premiums start from £8 a month, depending on age.
Designed to protect your cash sum against inflation. The plan is reviewed each year in line with the change in the Retail Prices Index. Premiums from £8 a month depending on age.