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Compare over-50s life insurance

Get quotes for over-50s life insurance

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Compare guaranteed life cover from 5 UK providers1

Compare deals from the biggest providers in the UK with our partner ActiveQuote so you can find a deal that meets your needs

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1Accurate as of February 2024

Why compare over-50s life insurance with MoneySuperMarket?

We work with the UK's leading insurance providers to bring you some of the best life insurance deals on the market. Here’s how we can help you get the right insurance for your family:

  • Find guaranteed cover

    If you’re over 50, you’re guaranteed to get whichever deal you choose – with no need for a medical exam 

  • Compare quotes

    We search through a range of the UK’s leading providers – and you can easily sort and compare your quotes to find the right one 

  • It’s quick and easy

    Simply give us a few quick details about yourself, and we’ll show you all your quotes in seconds

What is over-50s life insurance?

An over-50’s life insurance plan is a type of guaranteed life insurance that can be taken out if you’re aged between 50 and 80.

It is a type of policy that is designed for those over the age of 50, as it requires no medical checks, for easy cover that lasts the rest of your life - as long as you’ve paid your monthly premiums when they are due.

If you are over 50 years old, you can also opt for a regular type of life insurance policy, rather than a over 50s plan, to suit your needs.  

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Is it worth getting life insurance when you’re over 50?

As you age, you may find that the older you are, the more difficult it may be to find a policy that's right for you. The type of life insurance that is best suited to you depends on your circumstances. Having a policy in place can help your loved ones with paying off any debts you have including a mortgage or can help pay for your funeral.  

If you are over the age of 50, you can still qualify for standard life insurance (if you aren't over the maximum application age, which will vary by insurer). However, if you have pre-existing health conditions that prevent you from taking out standard cover, an over-50s plan can offer you guaranteed acceptance of a policy.

Over-50s life insurance plans require no medical underwriting. This may increase your premiums, making your policy quite expensive, which often results in you paying more for your premiums than what is paid out.  

Compare different types of life insurance cover

  • Decreasing term life insurance

    This type of policy is great if you have a mortgage or a debt that your insurance policy can help pay off.

  • Level term life insurance

    A level-term policy will cover you for a specific amount of time and will pay out a cash sum to your dependents if you pass away while you are still covered.  

  • Over-50s life insurance

    Over-50s plan is a guaranteed cover life insurance for older people, usually with an unlimited term (provided you keep up with your payments).

What you need to consider with a guaranteed over-50s life insurance policy

There are a few things you need to consider when taking out an over-50s life insurance plan including:  

  • If you stop paying your premiums, your policy will end and you will no longer be covered

  • Your pay-out can be less than the total amount you have paid for your premiums

  • You’re only fully covered after you have had your plan in place for an entire year, if you claim within the first 12 months of your policy, it is unlikely you will receive a payout  

  • The pay-out is a fixed sum, which means it will not be adjusted by the impacts of rising inflation

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What factors affect the cost of over-50s life insurance premiums?

The price of over-50s life insurance depends on a number of factors including:

  • Your age

    The older you are, the more expensive your premiums are likely to be, especially after the age of 50

  • Smoker status

    If you are a smoker, insurers will view you as an increased health risk therefore the price of your premiums may rise

  • Your occupation

    If your job poses a substantial hazard or risk to your health, it's likely to increase the price of your policy 

  • Insurance provider

    Different insurance providers offer policies at various prices, comparing quotes from a range of providers allows you to find the best deal

Get tailored over-50s life insurance quotes

We search with our partner ActiveQuote to quotes compare from the UK's leading providers to bring you over-50s life insurance. Here’s how it works: 

  • It doesn’t take long

    Fill in a few details about your age and circumstances and you’ll be able to compare life insurance quotes quickly

  • Compare your options

    Based on your answers, including how much cover you want, we show you a wide range of options

  • Buy your policy

    You can choose to take out your policy online or over the phone, then sit back and relax knowing you're covered

Yes, there are a few alternatives for you to consider, these include:    

  • Prepaid funeral plans: These plans allow you to pay for your funeral in advance, at today’s price. This can help you take the financial burden off your loved ones once you pass.   

  • Saving accounts: If you are able to save money in a savings account every month, the account can provide a source of income for your loved ones once you die.  

  • Life insurance: Even after the age of 50 you can still be eligible for a regular life insurance policy   

You may be able to have more than one over 50 life insurance policy, but do check this with your life insurance provider. Make sure you check with your provider if there’s a maximum combined amount of cover for all the over 50 life insurance policies you hold with them. 

You cannot get a joint policy on an over 50s guaranteed life insurance policy. If you opt for a decreasing or level term policy you are able to take out a joint policy with your partner.  

Yes. You can get a life insurance policy if you have a pre-existing medical condition. 

How long you pay for over-50 life insurance will depend on the age you take out your policy, and the specifics of your cover. Some insurers stop payments at the age of 90, even though your cover will run for the rest of your life. 

Your pay-out of an over-50s life insurance policy is fixed, which means it will not adjust to the rise of inflation.

Putting your over-50s life insurance policy in trust can be a way of protecting your pay out from inheritance tax and prevent the pay out falling within your estate. There are different types of trusts available depending on your individual or family circumstances.

With over 50 life insurance, if you miss a payment your policy can lapse and you’ll no longer be covered or receive any return from your previous payments.

If you miss a payment, your insurer may offer you a ‘grace period’ of time to pay the missed premium before your policy lapses. Make sure you check with your life insurance provider the specifics of your policy so you aren’t caught out unexpectedly and left uninsured.

While the pay out from your over-50 life insurance can be used towards funeral costs, your insurer may have specific funeral options and limitations. For this reason, a funeral plan may be worthwhile, to make sure you have money aside to cover funeral costs when you pass away. 

A funeral plan is a good way to arrange and pay for your funeral before you pass away, to take the worry off your loved ones while they’re grieving. You can pay either in instalments or a lump sum to a funeral planner, who will invest your money into an insurance policy or independent trust fund for when your family needs it. 

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