Nobody knows what the future holds, but it makes sense to plan ahead and give your family a helping hand when they need it most. 

Our Over 50s Life Insurance Plan is designed to meet the demands and needs of people aged 50 to 80 who don’t have funds to help contribute towards funeral costs or to leave as a gift to family and want a fixed cash sum to give to their loved ones when they die. It’s for people who want guaranteed acceptance with a simple application process and would prefer not to answer medical or lifestyle questions.

The Fixed Plan pays out a cash sum if you die after one year of taking out the plan. The monthly premiums are fixed, so you'll always know how much you're paying.

The Fixed Plan offers

  • Fixed premiums from £5 a month depending on your age
  • Guaranteed acceptance for 50 to 80 year old UK residents, with no medical or health assessment
  • Your loved ones could get a cash sum after just one year, see how we compare.
  • Flexibility to reduce your premium after one year if your circumstances have changed. Minimum premium applies
  • Cover that lasts for the rest of your life, even though you stop paying premiums at age 90
  • An extra £300 contribution towards your funeral costs with the Funeral Benefit Option

Our minimum cash sum of £1000 means your loved ones could receive a cash sum that could make a difference when they need it most, even if you choose our lowest monthly premium.

Important things you need to know

Cash Value

Please remember that this is not a savings or investment plan and has no cash value until a valid claim is made.

What happens in year one?

In the first year, if you die from natural causes we'll refund any premiums. If you die as the result of an accident, we will pay your cash sum.

Premiums and cash sum

Depending on how long you live, you may pay more in premiums than your cash sum. We'll pay your cash sum if you die after one year from the start of your plan regardless of the cause of death.

Your cash sum is fixed at outset and inflation will reduce its buying power over time.

You can take out more than one plan, but the total cash sum value of all Legal & General Over 50s Life Insurance Plans (including existing plans) must not exceed £25,000.

If you choose to reduce your premiums, your cash sum will also be reduced.

Funeral costs

The Fixed Plan is not designed to meet the full costs of a funeral, and does not guarantee to do so.

Guaranteed Acceptance

Your acceptance is guaranteed if you are aged 50 to 80. However, if you are happy to answer medical and lifestyle questions you may wish to consider an alternative product which could have a lower premium or a bigger cash sum on death.