Over 50 Life Insurance is a type of life insurance policy that is designed to leave a lump sum payment behind to help your loved ones pay towards things like funeral costs and outstanding debts, or can even be used as a gift. With British Seniors, you choose a benefit amount and a monthly premium that suits your needs. There are no questions about any health conditions you may have, and you won’t have to provide a medical. Once it’s in place, you can have peace of mind that your loved ones will have some financial help when you’re gone. 

As long as you’re a UK resident aged 50-80, you’re eligible to take out Over 50 Life Insurance with British Seniors. Acceptance is guaranteed. You can apply for a single policy or joint policy if you want to take out protection with your spouse, civil partner, or common-law partner. 

With British Seniors Over 50 Life Insurance, you can choose a benefit amount between £1,000 and £10,000, depending on your age. There are no questions about your health or any medical conditions that you may have. It can be used to help your loved ones pay towards things like funeral costs, outstanding debts or even be used as a gift. The maximum benefit amount you can secure at the start date is:  

• Ages 50 to 69 – up to £10,000  
• Ages 70 to 74 – up to £9,000  
• Ages 75 to 80 – up to £6,000 

Acceptance is guaranteed for UK residents aged 50-80. You won’t need to provide a medical or blood tests to get cover. You will have immediate cover for accidental death. After 12 months, you will also be covered for death by any cause. As well as that, if you die in an accident, you’ll get 2X your benefit amount paid out up to £20,000. That means if you choose £10,000 of cover and die in an accident, your family would receive £20,000. 

For the first 12 months of your policy, you will only be covered for accidental death. After that, you will then also be covered for death by any cause. You must be a UK resident aged 50 to 80 to be eligible for cover. 

Over 50 Life Insurance is a simple way to help ensure that there’s a financial cushion in place for your family when you die. The benefit amount could be used to help your loved ones pay for your funeral, household bills, or other debts. You could also leave it as a gift for your loved ones to do with as they wish.  

You should carefully consider the benefit amount you choose, as inflation could reduce its buying power over time. Depending on how long you live, you could pay in more than we pay out and if you stop your monthly payments your cover will cease, and you will get nothing back.  

Simply choose a benefit amount with a monthly premium that you can afford. You don’t need to provide a medical or blood tests, and acceptance is guaranteed for UK residents aged 50-80. You can get a quote online in a matter of seconds. Or if you prefer, our friendly UK based team are on hand to help find you the right quote for your needs. You can call us on 0800 803 0052 Monday to Friday from 9am to 8pm, and Saturday from 9am to 6pm.

Yes, you can. With a joint plan, there will be two policyholders under one cover. When you choose a joint policy with British Seniors, there will be two payouts. One when the first person dies, and one when the remaining policyholder dies.  

You can have more than one plan. If you do choose to have more than one policy with British Seniors, it’s important to note that together both policies must not exceed the maximum benefit amount for your age. Read our full terms and conditions for more information.    

Yes, our Over 50 Life Insurance is a flexible policy. That means you can apply to make changes to your policy at any time, at no extra cost to you.  

British Seniors Over 50 Life Insurance is a whole-of-life policy. That means that it will last for your whole life and when you die, your loved ones are guaranteed a payout. From the policy anniversary after you turn 95, your cover is free.  

Life insurance is a simple way to ensure your family are protected when you’re no longer around. With cover in place, you can have some peace of mind that there will be money there to help them with funeral expenses, household bills or other expenses, so they don’t shoulder that burden alone.  

If you take out cover and change your mind you can cancel your policy at any point in the duration of the policy. If you cancel within the first 30 days, you’re entitled to a 100% full refund. Cancelling after this point means you won’t get any money back from payments already made.  

When you take out your policy you can choose to have a fixed or increasing benefit. With a fixed benefit, your monthly payments will remain the same for the duration of your policy. If you choose an increasing benefit to help keep up with the effects of inflation, your monthly payments will also increase year on year to support this. You can apply to make changes to your policy at any time.

On the policy anniversary after your 95^th birthday, your cover is free and you no longer have to pay premiums. If you have a joint policy, once the eldest person reaches the policy anniversary after their 95^th birthday their portion of monthly premiums will no longer need to be paid. The remaining policyholder will still continue to pay premiums for themselves until the policy anniversary after their 95^th birthday.  

Due to inflation, the benefit amount you choose when taking out a policy could have its buying power reduced in a few years’ time. We offer an increasing benefit option to help protect your policy from inflation. That means in order to keep up with inflation, your benefit amount will increase each year by 3%. Your monthly premium will also increase by 4.5% each year.  

No, taking out Over 50 Life Insurance will not affect any government benefits that you receive or are entitled to.  

Yes, British Seniors Over 50 Life Insurance is a guaranteed policy. That means we won’t ask you to complete a medical or blood tests. So as long as you’re a UK resident aged 50-80, you’re eligible for cover.  

Yes, with British Seniors Over 50 Life Insurance you have coverage worldwide. It is important to remember that, in order to be guaranteed acceptance onto the policy, you must be a UK resident.  

For the first 12 months of your policy, you are only covered for accidental death. In the case that you pass away from accidental death, your loved ones will receive 2x the benefit amount. If you pass away as a result of non-accidental death in the first year your family will receive all the premiums you have paid up until that point.   

Claims should be made as soon as possible after the death occurs. The person who is making the claim will need to contact us: 

• By phone: 0800 542 7618, weekdays from 9am to 7pm Customer Services    
• By post: British Seniors Insurance Agency PO Box 4555, Slough, SL1 0TT  
• By Email: claims@britishseniors.co.uk  

Once the request has been received, we will send a claim form to be completed, signed and returned. As soon as a claim is accepted, we will pay the benefit amount to the person legally entitled to it. We’ll also refund any premiums paid between the date of death and the date the claim is paid.   

British Seniors Over 50 Life Insurance provides a guaranteed lump sum payout when you die. So once the claim is accepted, we will pay the benefit amount to the person legally entitled to it. If you were to pass away during the first 12 months of the policy as a result of a non-accidental death, the benefit amount will not be paid. However, any premiums paid up until that point will be refunded.

No, it is up to your legal beneficiaries to decide what they want to do with the money. If there is something in particular you would like the payout to be used for, you should discuss this with your loved ones when you take out your policy.  

When you pass away your debts become the responsibility of your estate. The executor of your estate will be responsible for dealing with your Will and estate after your death. This person will use your assets to pay off the debts. Assets can come in the form of any property you might own, life insurance policies, or other valuables that you leave behind.   

Yes, if you have an existing policy with British Seniors and were to die as a result of Coronavirus you would be covered. With a new policy, you must wait at least 12 months to be covered for death as a result of any cause other than an accident.

Yes, with British Seniors you are guaranteed acceptance as long as you are aged 50-80 and a UK resident. However, for the first 12 months you are only covered for accidental death.   

Yes, you can get Over 50 Life Insurance however your smoker status will directly impact the cost of your policy and may result in higher premiums.  

After the first 12 months of your policy, you are covered for death by any cause. This means that even if you were to become ill your policy benefit would be paid in full.  If you were to pass away in the first 12 months of your policy as a result of non-accidental death the benefit amount will not be paid but any premiums paid up until that point will be refunded.  

Your age at the time of taking out a policy will determine how much of a benefit amount you can take out, as well as how much your monthly premiums may cost. Here are the benefit amounts you could take out depending on your age:  

• Ages 50 to 69 – up to £10,000  
• Ages 70 to 74 – up to £9,000  
• Ages 75 to 80 – up to £6,000 

British Seniors Over 50 Life Insurance is a guaranteed policy that is available to all UK residents aged 50-80. 

The free Funeral Benefit Option is a choice offered by our partner Golden Charter. They will contribute £300 to the final cost of your funeral. Golden Charter appoint a funeral director in your local area to take care of your funeral arrangements.   

The benefit amount from your life insurance policy will be paid to Golden Charter, who will use it to cover the cost of your funeral along with the £300 contribution. If the funeral costs less than the benefit amount, any money owed will be given to the person who is legally entitled to it. In the case that the funeral costs more, your next of kin or estate will need to pay the difference.

No, there is no cash in value at any stage of your policy.  

You can put your British Seniors Over 50 Life Insurance policy into trust after you take out the policy. British Seniors have put together a Flexible Trust Form and Guide to Trusts which can be used to help put your policy into trust. If you are thinking about putting your policy into trust you can seek independent legal advice. We are unable to give you any advice or recommendation on the suitability of trusts. We have some more information on trusts on our Contact Us page.  

You have the option to cancel your policy at any stage. If you decide to cancel within the first 30 days of the policy, you just need to get in contact with us over the phone. At this point, any premiums paid will be refunded to you. If you cancel your policy after this 30-day period, you will not get anything back as the policy will have no cash in value.