Over 50s Life Cover - Affordable Simple Insurance Cover

Help protect what's most important to you.

Over 50s Life Cover plus

A simple, affordable way to leave behind a cash lump sum for your loved ones

Not all Over 50s Life Cover 

is the same

Over 50s Life Cover Plus is a quick and simple way to leave behind some helpful money for your family. Anyone can apply as long as you are between 50 – 80 years old and a UK resident. Like everyone else, we offer guaranteed acceptance without a medical.


  • No medical needed
  • Serious and terminal illness benefits as standard
  • Access to advice and support services
  • £250 contribution to funeral costs with our free Funeral Funding Option

How your cover works

During the first 2 years

If you die of natural causes we will pay out 150% of the premiums paid.

If you die as a result of an accident we will pay out three times the life cover up to a maximum pay out of £48,000.

After the first 2 years

When you die, we'll pay out the sum assured as a cash lump sum, less any serious illness benefit.

Please keep in mind that inflation will mean any pay out won't buy as much in the future as it will now.

Serious and terminal illness benefit

After two years:

100% of your life cover, paid in full, if you receive a terminal illness diagnosis after 2 years as a policy holder. The policy would then be closed and cover would end.

20% of your life cover if you are diagnosed with a serious illness after 2 years as a policy holder, reducing the life and terminal illness cover to 80% of the sum assured.


Premiums stop at age 90 but cover continues for life. If you stop paying premiums before then the cover will cease and you will not get any money back.The cash lump sum on death normally counts as part of your estate and so may be subject to inheritance tax. You could pay more in premiums that the plan pays out. our Over 50s life cover is not a savings plan and has no cash in value.

Funeral funding option

Free funeral funding option

  • £250 Contribution towards your funeral costs (as long as the funeral is arranged through the Funeral Funding Option provider)
  • Payment made directly from your Over 50s plan towards your funeral expenses, after you have had the policy for two years
  • No extra cost to you
  • Easy to arrange

Please remember Over 50s Life Cover is not a Funeral Plan and would not necessarily meet the full cost of a funeral.

Support when you need it most

  • Legal advice, from Co-op Legal Services
  • Will writing service, from Co-op Legal Services
  • Care advice, from Grace Consulting
  • Estates and Probate line from Co-op Legal Services
  • Health support, from RedArc

Frequently asked questions

When does my Over 50s Life Cover start

How long does my Over 50s Life Cover plus last?

How much will my Over 50s Life Cost?

Do I need a medical?

Will my Over 50s life cover premium ever increase?

Will you stop or reduce my life cover if I get ill?

Can I cash in my policy?

Will the pay out be taxed?

When do I stop paying into the plan?

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