What is Over 50s Life Insurance?

When you have spent all your life taking care of your loved ones the last thing you want to worry about is leaving them with financial worries. Over 50s Life Insurance is a way for seniors to leave a fixed cash sum for loved ones when they die. It can also help to contribute to funeral costs if you choose to add our Funeral Benefit Option.

Whether you're over age 50, over 60 or over 70, our Over 50s Life Insurance Plan could be the right life insurance policy for you. It's 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 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 do not want to undergo a medical or answer lifestyle questions.

No medical

One of the key benefits of Over 50s Life Insurance is that there is no medical requirement, meaning that you will have guaranteed acceptance should you wish to take out a policy.

We offer a choice of two plans:

The table below allows you to see the differences between the Fixed Plan and the Increasing Plan, so you can decide which one is best suited to your own needs.

Fixed monthly premiums   Yes     No  
Fixed cash sum – if you die after one year of the plan starting   Yes     No  
Cash sum reviewed each year in line with the change in RPI   No     Yes  
Cash sum paid on death to your estate – unless assigned or placed in trust   Yes     Yes  
Inflation will reduce the buying power of the cash sum   Yes     No  
Help towards your funeral expenses and at the same time have an extra amount allocated at no extra cost*   Yes     Yes  

*This facility is available if you choose the Funeral Benefit Option with the Fixed or Increasing Plans.

What is RPI?

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.

Find out more. 

  • See how we compare – our Over 50s Life Insurance compared to similar plans from other companies for the same monthly premium
  • FAQs – find answers to the most commonly asked questions we receive from our customers
  • Trusts – explains what a Trust is and provides information about our Trusts
  • Funeral Benefit Option – you could get up to an extra £300 to pay towards funeral costs with this option  
  • Why choose us? – see why over nine million customers in the UK have chosen a Legal & General product.