Over 50s Life Insurance with the Lifetime Payback Guarantee® FAQs

You can apply for Over 50s Life Insurance with the Lifetime Payback Guarantee® as long as you're a UK resident aged 50-80. You can apply for a single policy or a joint policy to include your spouse, civil partner and/or common-law partner.

Providing you meet this eligibility criteria, we guarantee to accept your application.

Have you ever considered who would be responsible for your funeral costs if you were to pass away, or how your loved ones may cope financially when you are not around?

That’s why a plan to help take care of your funeral expenses could be one of the most important decisions you make.

Securing over 50 life cover early ensures the financial help will be there for your loved ones and it allows your family to give you the funeral service and memorial that you would both like.

Once your Over 50s Life Insurance with the Lifetime Payback Guarantee® policy is in place you can keep it for life and you’ll be covered anywhere in the world, 24 hours a day. Your health and circumstances may change, but as long as you continue to pay your premiums from a UK bank account, your policy can continue for life.

You are covered for Accidental Death as soon as you take out your policy. If you die in an accident, you will receive 3 times your selected benefit amount. So, if you choose £10,000 worth of cover and die as the result of an accident, your loved ones will receive £30,000.

Your Over 50s Life Insurance benefit amount will be paid if you die due to any cause after 24 months from the start date of the policy.

Typically this product is suited to those who want to make sure they do not leave their family and loved ones with the burden of their funeral and other final expenses when they pass away.

During the first 24 months of the policy, your benefit amount will only be paid if you die as a result of an accident. Should you pass away due to a non-accidental death in the first two years, we will refund any premiums paid towards your policy.

No-one knows what lies around the corner, whether it’s accident or illness, and securing cover early ensures the protection is there when needed.

You can select a benefit amount between £2,000 and £20,000 to suit your needs and budget. Depending on your age at the start date of your policy, the maximum benefit amount you can secure at the start date is:

  • Ages 50 to 54 – up to £20,000
  • Ages 55 to 59 – up to £17,000
  • Ages 60 to 64 – up to £13,000
  • Ages 65 to 69 – up to £12,000
  • Ages 70 to 74 – up to £9,000
  • Ages 75 to 80 – up to £6,000

In the first 24 months, your benefit amount is only paid in the event of accidental death.

If death is the result of an accident, then 3 times your benefit amount will be paid.

No, we will not contact your doctor when you apply and there are no intrusive questions about your health and lifestyle.

Accident means an event resulting in bodily injury occurring whilst this policy is in force, where the injury is directly and solely caused by accidental, violent and external means and where the injury is not self-inflicted.

Accidental death means death occurring as a direct result of an accident which took place while the life insured was covered under the policy and where death occurs within 90 days of the accident.

If you suffer an accidental death as explained above, we will pay 3 times your benefit amount.

You (and your partner) can apply for Over 50s Life Insurance with the Lifetime Payback Guarantee® as long as you are UK residents aged between 50 and 80.

If you meet our eligibility criteria, you won’t be turned down, and you won’t be asked a single question about your health or lifestyle.


Absolutely. Once your policy is in place, you are covered around the clock, anywhere in the world as long as you continue to make your payments from a UK bank account.

Your monthly premiums will depend on the amount of cover you choose, your age, whether you choose to have a single or joint plan and which policy you choose.

No. Over 50s Life Insurance with the Lifetime Payback Guarantee® is a Level policy. This is great for people who want certainty, knowing that their increasing age will not affect their monthly premium – it will stay the same each year. 

  • Your premium is guaranteed not to change until the policy anniversary on or following your 95th birthday when cover is free and premiums are no longer payable,
  • Your benefit amount will be fixed.

You must ensure you choose enough benefit amount as inflation may reduce its buying power over time.

You can ask us to make changes to your policy, however, these changes may be subject to the payment of an additional premium based on your age at the time of the request.

On the policy anniversary following your 95th birthday, cover is free and premiums are no longer payable.

If you hold a joint policy, once the eldest person reaches the age of 95 their proportion of the total monthly premiums will no longer be payable from the policy anniversary following their birthday. The person that has not yet reached the age of 95 will continue to pay premiums for just themselves until the policy anniversary following their 95th birthday, when premiums will also be no longer payable.

You have 30 days from the receipt of your Policy documents, during which time you can cancel your Policy by writing to us or giving us a call. You can still cancel your Policy after 30 days, but you will not get anything back.

There are 3 ways for your loved ones to make a claim on your Over 50s Insurance policy in the event of your death:

  • Call us FREE on 0800 542 7618
    Monday - Friday from 9 am to 7 pm
  • Email us at service@britishseniors.co.uk
  • Write to us at British Seniors Insurance Agency, PO Box 4555, Slough, SL1 1JL.

We will send out a claim form to be completed, signed and returned to us.

Note: If the claim is accepted, the insurer will pay the benefit amount to the person who is legally entitled to it and they will refund any premiums paid between the date of death and the date the claim is paid.

You can put your Over 50s Life Insurance with the Lifetime Payback Guarantee®  policy into trust after you take out the policy. If you are thinking about putting your policy into Trust you can get more information heredownload a Trust form or you can seek independent legal advice. We are unable to give you any advice or recommendation on the suitability of Trusts.

If you choose Over 50s Life Insurance with the Lifetime Payback Guarantee®, you get all the benefits that come with our Over 50s Life Insurance, as well as the reassurance that if you've lived a long life and paid in more than your benefit amount, we'll pay out all the premiums you've paid in. So your loved ones will either get your benefit amount or the amount you've paid in, whichever is more.

  • There is no cash-in value at any time,
  • Ensure you choose enough benefit amount, as inflation may reduce its buying power over time,
  • The protection of the Lifetime Payback Guarantee® applies if you continue your policy for life and will only reduce in value if you reduce your benefit amount.