Over 50s FAQs
If you have any questions about our Over 50s Fixed Life Insurance Plan, you may find the answer below, but if you prefer to talk to someone please don't hesitate to get in touch.
Do I need a medical?
Over 50s Fixed Life Insurance plan offers guaranteed acceptance with no medical for UK residents aged 50-80.
There may be other products available if you want to answer further lifestyle and medical questions.
Can my partner take out cover as well?
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.
Will my premiums ever go up?
No, your premiums won’t go up for our Over 50s Fixed Life Insurance plan.
Please be aware if you stop paying premiums when due, your plan will be cancelled and you won't get anything back.
What needs to be done when making a claim?
In the event of a claim, please call or write to us. Read more about our claims process.
Can I change my mind?
After we have accepted your application, you have 30 days to change your mind. If you cancel within this time we will refund any premiums paid. A Cancellation Notice will be sent once the plan has started confirming your right to cancel. If you cancel your policy after the cancellation period, or stop paying premiums at anytime, your cover will end 30 days after the first missed premium and we won't give you any money back. You can cancel your plan after the 30 day period by writing to us.
Can I cash in my plan?
Our Over 50s Fixed Life Insurance plan is not a savings or investment product and have no cash value unless a valid claim is made.
What is the Funeral Benefit Option?
The Funeral Benefit Option will provide £300 on top of your cash sum amount when your plan is used to help contribute towards your funeral costs with a Dignity Funeral Director, at no extra cost to you.
With this option, the cash sum from your plan is paid directly to an agreed Dignity Funeral Director, rather than to your estate. When the time comes, your family simply make one phone call to Dignity to set the plan in motion saving them the worry of finding a funeral director. Find out more about the Funeral Benefit Option.
How many plans can I take out?
Please ensure the total cash sum of all Legal & General Over 50s Life Insurance plans does not exceed £10,000. For existing plans taken out before 25 November 2017 please refer to your Policy Terms & Conditions for your total sum assured value.
Can I put my plan in Trust?
Yes, our Over 50s Fixed Life Insurance Plan can 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.
Can I reduce my monthly premiums?
You may be able to reduce your monthly premium as long as you have held your plan for at least a year. If you reduce your premium your cash sum will also be reduced. Minimum premium applies.
Call us on 0800 316 8435
8am to 8pm Monday to Friday
9am to 5pm on Saturday.
We may record and monitor calls.