Over 50s Life Insurance

Why open an Over 50s Life Insurance plan with us

Friendly, local team

We’re always happy to help our members, online or on the phone.

Fixed monthly premiums from £10 a month

No nasty surprises – you know what you’re paying from day one!

Free cover after 30 years or when you reach 90

…whichever comes first! Stop paying premiums but stay fully covered.

Guaranteed cash payout for your loved ones

When you pass away, your family will receive a fixed, tax-free lump sum to help with funeral costs or other expenses.

Quick and easy application

Get covered today in just 10 minutes with no complicated questions or forms.

Guaranteed acceptance with no medical checks

You just have to be a UK resident aged 50-80 years old.

Up to £250 Co-op Funeral Benefit Option

When you start your application, you can choose to opt in for the Co-op Funeral Benefit. By selecting this option, Co-op Funeralcare will be your funeral provider, and your loved ones can get a discount of up to £250 off your funeral on top of your Over 50s Life Insurance cover.

This means, when the time comes, your family will have that little bit extra to go towards your funeral wishes.

Please note, the £250 funeral payment will only apply to ‘Tailored’ funerals. If your estate opts for an ‘Essential’ funeral, the benefit will be £100, and if they opt for direct cremation or burial, the benefit will be £50. The Funeral Benefit Option is available to UK residents only, excluding Northern Ireland. If you are based in the Isle of Man, Co-op Funeralcare will refer you to an authorised local funeral director that will carry out the funeral to the same standards.

5 Star Rated Life Insurance

Our plan earned Defaqto’s highest 5-star rating – a mark of excellence from the independent financial research company. This means it’s:

A top-tier product packed with features and benefits
Expert-rated: trusted by consumers and professionals
Assessed through a clear, consistent, and market-wide approach

With 5 stars, you know you’re choosing one of the best.

Our best ever £125 Love2shop voucher

As a thank you for taking out your cover with us, you’ll receive a £125 Love2shop gift card after you’ve paid your 6th premium. This can be used at a variety of retailers such as, M&S, Boots, Waitrose, Sainsbury, Argos and many more. Find out where you can use your voucher by clicking here. T&Cs apply.

How our Over 50s Insurance cover compares with other providers

Over 50s Life Insurance Provider	Earliest you could stop paying	Final pay out
Shepherds Friendly	Age 80*	£5,025
SunLife	Age 95	£4,194
Aviva	Age 80*	£4,199
Legal and General	Age 90	£4,493

This table is an example of a 65-year-old, non-smoker making £23 monthly payments. All figures are correct as of 24th December 2025.

*Premiums are no longer payable after the plan has been in place for 30 years, or when you reach age 90, whichever comes first. You will never pay premiums past the age of 90, regardless of when you take out the plan.

What is Over 50s Life Insurance?

Learn more about our Over 50s Life Insurance and how it can help your loved ones by watching the 3-minute video below.

How Much Does a Basic Funeral Cost in 2024?

‘How much cover do I need?’

The amount of cover you choose depends on what you want to pay in premiums and the payout amount that would make a difference to your loved ones.

Whether your payout is to help with funeral costs or to support your family after you’re gone, get a quote today to see what would work best for your situation.

How Much Does a Basic Funeral Cost in 2024?

Get covered in minutes

Guarantee your payout in a few simple steps.

Get an instant quote

Excellent service

Done online no hassle of telephone calls and quotes. What you see is what you get and arrange it to your personal needs. Over 100 years of service they’re sure to get it right.

– Carol

Affordable

I have looked at all the over 50 plans on the market. Shepherds Friendly was affordable and gave more life assurance cover than the other over 50 plans on the market.

– Manus

Friendly team

Really nice people to talk to and very competitive with other companies that’s why me and my husband have taken out over 50s life insurance and are looking to invest more in the near future.

– Rosemary

Important things to consider about Over 50s Life Insurance

If your circumstances change and you stop paying the premiums, your over 50s life cover will end after three missed premiums.
Over 50s Life Insurance has no cash in value at any time, so if you cancel it after the first 30 days you will get nothing back.
Your life cover does not start until after the second anniversary of your plan start date, as shown in your plan illustration, unless you die as a result of an accident, in which case your life cover begins from the start date shown on your plan illustration.
This life plan is not a funeral plan and therefore may not cover the full cost of a funeral.
Over time, although the amount we pay out when you die is fixed, this amount is likely to reduce in value because of the effects of inflation.
Depending on how long you live, the total premiums you have paid may be greater than the amount payable on death.

All references to taxation are to UK taxation and are based on Shepherds Friendly Society’s understanding of current legislation and H M Revenue and Customs practice which may change in the future. Please ensure that you read the full terms and conditions of this plan which are available from your financial adviser or by contacting us directly.

Please note: No advice has been provided by Shepherds Friendly. If you are in any doubt as to whether a plan is suitable for you, we recommend getting in touch with a financial adviser, who will be happy to take you through what options are available. Should you consult a financial adviser there could be a cost involved and you should confirm this cost beforehand.