What is the Lifetime Payback Guarantee®

Over 50s Life Insurance with the Lifetime Payback Guarantee

British Seniors is proud to offer a first for UK Life Insurance with the Lifetime Payback Guarantee®. Unlike other providers, the lump sum your loved ones receive will always be the greater of the amount you are insured for or, the total premiums you have paid. So if you live a long life and have paid in more than your cover amount, your loved ones will either get your cover amount or the amount you've paid in, whichever is greater. Request a quote now to find out more.


Cheryl, aged 65, buys a British Seniors Over 50s UK Life Insurance policy with a benefit amount of £5,000. Her monthly payments are £30.27. By the time Cheryl is 79 she will have paid more in premiums than her selected benefit amount, but thanks to the Lifetime Payback Guarantee® when Cheryl passes away her loved ones will get an amount equal to at least all the premiums paid. For example, if Cheryl passes away aged 85, her loved ones would receive £7,264.80 instead of the original benefit amount of £5,000.

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Funeral costs to rise by 22% over next decade

A new study from British Seniors Insurance Agency reveals that British consumers have had to take drastic measures to pay for funerals and help manage the affairs of deceased friends and family.  The research reveals that family and friends in the UK have spent collectively £4.8 billion on funerals for their loved ones over the last 5 years. And the research shows that to fund these funerals 2.7 million people have taken out some form of finance (credit cards, personal loans and payday loans) spending £1.6 billion. 

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Over 50s Life Insurance will kitFree Will Kit included with every policy purchased worth up to £150*.

To help you take care of your final wishes, you will receive a legal Will Kit with your policy, with compliments of British Seniors Insurance Agency. Read more >>

*The Money Advice Service.

Things you need to consider

  • There is no cash-in value at any time
  • Inflation may reduce the value of your benefit amount
  • If you reduce your benefit amount, your Lifetime Payback Guarantee® amount will be reduced by the same proportion
  • For the first 24 months, you will only be covered for accidental death