Over 50s Life Insurance

Peace of mind, with guaranteed acceptance and no medical questions.


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Affordable premiums that never increase

Pay a minimum of just £10 up to £50 per month. The higher the premium, the greater your level of cover.

Insurance that could cost you less

Unlike some other insurers you’ll only pay premiums to a maximum of age 90, but remain fully covered.

The option of funeral benefit

Choose Co-op Funeralcare as your funeral provider and receive a discount of up to £250 from your funeral.

Our Over 50s Life Insurance gives you the reassurance that when you die, you’re leaving a fixed, tax-free cash lump sum for your loved ones to help with your funeral costs.

  • Relax knowing that those left behind will have less to worry about
  • If you’re aged 50-80 and live in the UK, you’ll be accepted for cover without a medical
  • With a 5-star Defaqto rating, you can trust our Over 50s Life Insurance to work for you

We make it simple to get an instant quote – just click below. You can amend your quote and change the level of cover as many times as you like before you apply.

Over 50s Life Insurance Provider Additional funeral benefit Earliest you could stop paying Separate rates for non smokers? Final pay out
Shepherds Friendly Age 80* £5,316
SunLife Until death £4,455
Aviva Age 80* £4,326
Royal London Age 90 £4,531
Legal and General Age 90 £4,605

This table is an example of a 65 year old, non-smoker paying £23 a month. All figures are correct as of 9th May 2022.

Please note, the £250 funeral benefit is a discount from your funeral and will only apply to ‘Tailored’ funerals. If your estate opts for an ‘Essential’ funeral then the benefit will be £100, and if they opt for direct cremation or burial then 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 arrange for you to use an authorised local funeral director that will carry out the funeral to the same standards.

*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.

We’re a financial mutual that’s built on fairness. Everything we do is for our members, not shareholders, and all profits made are paid to you or re-invested for your benefit.

Our members love that we do things the right way

Nine out of 10 members would recommend us for the way we help protect their futures.

Helping our members benefit for almost 200 years

The world’s changed a lot since 1826 but our idea of fairness remains the same.

When you’re member-owned, it matters more

We take the financial future of every member personally, because you’re one of us.

Open a Over 50s Life Insurance Plan and get rewarded too. We’ll send you a Love2shop voucher code worth up to £50 when you make your sixth payment. See our terms and conditions.

Take the worry out of the future by reducing the financial burden for those left behind when you die. Download the documents below to get up to speed with exactly how the Shepherds Friendly Over 50s Life Insurance plan works.

  • If your circumstances change and you stop paying the premiums, your 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 on death is fixed, this amount is likely to reduce in value because of the effects of inflation.
  • If you live long enough 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.