Over 50s Life Insurance icon

Over 50s Life Insurance

Guaranteed life cover with no medical required, and the option to receive added funeral benefits

Our Over 50s Life Insurance Plan provides your loved ones with a fixed, tax-free cash lump sum when you die, designed to help with the cost of your funeral and any other expenses that may be incurred.

You can take out a policy as long as you are aged between 50 and 75, and you will be accepted with no medical questions to answer regardless of your health.

When your family makes a claim for the money we will either pay it directly to the estate, or if you choose our funeral benefits option the money will be paid to Golden Charter Funeral Services, who will add an extra £250 to the value of the fund.


Features of our Over 50s Life Insurance


Guaranteed acceptance icon

Guaranteed acceptance, no questions asked

If you’re aged between 50 and 75 at the time of application and you live in the UK permanently your cover will be approved, and we won’t ask any questions about your health or personal circumstances.

Guaranteed lump sum icon

A guaranteed cash lump sum that we'll never reduce

When you take out the plan you’ll be quoted a tax-free amount that your family will receive when they make a claim, and we promise this amount will never be reduced, as long as you continue to pay your monthly premiums as required.

Fixed premiums icon

Fixed premiums for life

The premiums you pay on a monthly basis will be fixed from the start of the plan, and will not be increased throughout the term of the plan. When you reach age 90 you will stop paying your premiums but you will remain fully covered.

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Funeral benefit option

We work with Golden Charter Funeral Services, the largest independent funeral service provider in the UK to offer you an extra £250 on top of your cover when you choose to nominate them to take care of your funeral. You can opt in to the funeral benefit option when you start your application.

Cover from £10 icon

Cover from as little as £10 per month

You can become insured from just £10 per month, and you can choose a monthly premium that suits you up to £50. The higher the monthly premium you choose, the higher your level of cover will be.

Apply for a Shepherds Friendly plan online and get a Love2Shop voucher code worth up to £50*

You can redeem this online with hundreds of retailers...

Plus many more!

* Click here for terms & conditions

We know that looking after your loved ones when you’re gone is something that will likely be very important to you, and you’ll want to choose an insurer who you can trust and that has your best interests at heart.

At Shepherds Friendly we pride ourselves on offering products that are fair and value for money and also on delivering high standards of customer service that we believe set us apart from the rest.

Here are some of the reasons why you should choose Shepherds Friendly

Trusted company icon

A trusted and well-established company

Established in 1826, we’ve been around for over 180 years making us one of the oldest financial mutuals in the world. From day 1 we’ve been providing families across the UK with financial security, and that isn’t going to change any time soon.

Mutual icon

We're a mutual, meaning we work in your interests

At Shepherds Friendly we’re owned and run by our members, and everything we do is with the interests of our members at heart. We don’t have external shareholders to pay dividends to, and this means we can focus more of what we make on offering you products and services of the highest standards.

Customer service icon

Excellent customer service

We promise that when you need to speak to us within our normal opening hours we’ll always be there to help. As well as our customer services team we have a team of professional financial advisers on hand to offer expert guidance and advice when you need it. You’ll never be put on hold when you call and we’ll always go the extra mile for you; this is why 91% of our members would recommend us to a friend.

Funeral benefits icon

Funeral benefits option

We’ve teamed up with the UK’s largest independent funeral plan provider to offer you an extra £250 worth of benefit on top of your payout when you choose our funeral benefits option. Your payout will then be forwarded to Golden Charter who will organise your funeral whilst adding the extra benefit on top.

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Further benefits for you and your family

When you’ve had the plan for a year you’ll be entitled to our free mutual benefits package, which gives you access to a range of invaluable services. These include a free will, free independent care advice, free household law advice and a free financial health check from our professional financial advisers.

Quick quote icon

Quick quote and apply feature

You can get an Over 50s Life Insurance quote in seconds, and you can then go on to apply for the plan online quickly and easily. If you need any help with the process then just give us a call.

Apply for a Shepherds Friendly plan online and get a Love2Shop voucher code worth up to £50*

You can redeem this online with hundreds of retailers...

Plus many more!

* Click here for terms & conditions

We know that some financial products can be confusing, and life insurance is certainly no exception. Because of this we’ve put together a useful guide to how our Over 50s Life Insurance works, to hopefully answer any questions you have about the plan.

Who can have Over 50s icon

Who can have an Over 50s Life Insurance Plan?

If you live in the UK and are aged between 50 and 75 then you are guaranteed to be accepted when you apply.

Health problems icon

I have health problems; will I still be able to apply?

Regardless of any current of previous health conditions you may have had, you are guaranteed to be accepted without having to answer any personal questions or undergoing a medical.

How much icon

How much does the plan cost?

This is up to you – you’re able to choose a monthly premium between £10 and £50 to suit you. There are no set up costs or other fees associated with the plan; you’ll only pay what you are quoted. Your premiums will never be increased either, meaning you’ll always be clear about what you pay.

Miss payment icon

What happens if I miss a payment?

You can’t stop paying into the plan, otherwise your cover will stop and you will lose your previous premiums. However, unlike some other insurers we do give you some breathing space. If you miss a payment we’ll simply send you a reminder and ask you to contact us about your payments. If you miss a second consecutive payment we will do the same again. After a third consecutive missed payment the plan will end.

When do I stop icon

When do I stop paying into the plan?

Your payments into the plan will cease either upon your death or when you reach age 90. Once you turn 90 we will stop taking payments from you, but your level of cover will of course remain the same.

How much will my family get icon

How much will my family get when they claim?

This all depends on your age, whether or not you smoke, and the amount you choose to pay as a monthly premium. Typically, the younger you are the higher the amount you are insured for will be, and if you don’t smoke you’ll get a higher level of cover too.

How long after icon

How long after I take out the plan can my family claim?

Your family can claim on the insurance plan from day 1 of the cover, but they will not receive the full amount of cover if you die from natural causes within the first two years. Instead, they will get one and a half times the value of the premiums paid into the plan to the date of the claim. After two years they will receive the full amount of cover. If you die as the result of an accident your full amount of cover will be paid from day 1 of the plan.

How to make a claim icon

How to make a claim?

In order to make a claim your family or dependents should call our customer services team on 0161 428 1212. They will then be referred to our claims department who will take them through the process.

Apply for a Shepherds Friendly plan online and get a Love2Shop voucher code worth up to £50*

You can redeem this online with hundreds of retailers...

Plus many more!

* Click here for terms & conditions

You can get a quote for our Over 50s Life Insurance in seconds by entering some information below

Content here

Apply for a Shepherds Friendly plan online and get a Love2Shop voucher code worth up to £50*

You can redeem this online with hundreds of retailers...

Plus many more!

* Click here for terms & conditions

How to open an Over 50s Life Insurance plan: You can open a plan online quickly and securely by clicking the button below:


Before you apply for the plan you should get a quotation to see what level of cover you will be offered for your chosen premium. You can do this by using the ‘Quick Quote’ tab at the top of this page. Once you’ve received your quote and wish to go ahead you can simply apply online.

Alternatively, if you would like assistance with applying or would like more information regarding the plan, you can speak to a member of our customer services team by calling 0800 526 249


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Key Features

IMPORTANT THINGS TO CONSIDER

  • If you stop paying your premiums your life cover will end.
  • The plan has no cash in value
  • You have no life cover within the first 2 years unless your death is accidental.
  • The final amount payable is likely to reduce in value because of the effects of inflation.
  • Your estate may get back less than you have paid in.

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. Investment growth is by means of bonuses, the amount of which cannot be guaranteed throughout the term of the contract. 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.