This policy offers everything you get with our Over 50s Life Insurance policy – plus, for a little bit extra each month you will have the added protection of the Lifetime Payback Guarantee®.
This means your loved ones will receive your cover amount or the total premiums you have paid – whichever is more – you can’t lose. We are the only life insurance provider in the UK to offer the Lifetime Payback Guarantee®.
Give yourself some peace of mind, by protecting your family today.
How does the Lifetime Payback Guarantee® work?
Cheryl*, aged 65, buys a British Seniors Over 50s Life Insurance policy with a benefit amount of £5,000. Her monthly payments are £33.66. When Cheryl is 78 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 £8,078.40 instead of the original benefit amount of £5,000.
*Cheryl is a fictional character used for product explanation purposes only. Pricing is accurate based on Cheryl’s age and benefit amount, and Lifetime Payback Guarantee® amount based on 20 years premiums paid.
You get all the fantastic benefits of our Over 50s Life Insurance, including:
Things to consider:
You can choose a benefit amount between £2,000 and £20,000, to suit your individual needs and budget.
The maximum benefit amount you can select, depending on your age, is:
Your premiums will depend on your age at the start date of the policy and will be fixed and guaranteed not to change.
Fixed premiums are great for people who want certainty, knowing that your increasing age will not affect the amount you pay.
Plus you'll get FREE cover from the policy anniversary following your 95th birthday and your cover will continue for life. You'll be covered anywhere in the world and if you're health or lifestyle changes, your cover will not be affected.
Guaranteed Acceptance - no medical, no health questions
You are guaranteed to be accepted for Over 50s Life Insurance with the Lifetime Payback Guarantee® as long as you're a UK resident aged 50 to 80.
The Lifetime Payback Guarantee®
Did you know, with other life insurance policies you could pay in more than your policy will pay out?
If you choose Over 50s Life Insurance with the Lifetime Payback Guarantee®, you'll be paying extra for the peace of mind that the benefit your loved ones receive will always be your cover amount or the total premiums you have paid - whichever is more.
Immediate cover for accidental death
You're covered for accidental death as soon as you sign up and for the first 24 months, a benefit amount will only be paid in the event of accidental death.
You will be covered for death by any cause after just 24 months.
If you die as a result of an accident anytime during your policy, we will pay out 3 times your selected benefit amount. This means if you select a £10,000 benefit amount and you die as the result of an accident, we will pay out £30,000.
Cover for you and your partner
You can choose between taking out a single policy on your own life, or a joint policy to include your partner.
With a joint policy, you and your partner can each choose different benefit amounts to suit your needs. This means that both benefit amounts could be paid out to your loved ones.
If you choose the Lifetime Payback Guarantee®, it applies separately for each life insured and is equal to the total premiums paid in for each individual.
Insurance from a trusted provider
Our cover is provided by Scottish Friendly Assurance Society Limited.
Arrange cover easily over the phone 0800 995 1001 or online in minutes.
You will also get a free will kit worth £1501 with your new policy to help get your affairs in order.
1Source: The Money Advice Service
Over 50s Life Insurance with the Lifetime Payback Guarantee®
The features, benefits, exclusions and limitations of the policies can be found in the Key Facts documents below. It is important that you read the Key Facts document carefully to help you decide whether these policies are suitable for you. The Key Facts documents also contain a copy of the Over 50s Life Insurance with the Lifetime Payback Guarantee® Terms and Conditions.
How to buy British Seniors Over 50s Life Insurance with the Lifetime Payback Guarantee®
With British Seniors Over 50s Life Insurance with the Lifetime Payback Guarantee®, you are investing in peace of mind by helping to provide your family with financial support. Our fully trained life insurance specialists can arrange your policy over the phone, or you can get a quote and buy online in a matter of minutes.
Call FREE on 0800 995 1001 or get a call back by clicking on the button below.
Our UK based customer service specialists will give you a quick, no obligation quote and if you are happy we will take your application further so you can be covered immediately for accidental death, plus cover for death by any cause after 24 months. All you will need are your direct debit details. Or you can get a quote and cover straight away online.