Life Insurance: What are your options?

Elderly couple standing in their kitchen and enjoying a cup of coffee

You know that you want to take out a life insurance policy. But now that you’ve started to have a look around, you may feel overwhelmed by the different types of protection out there. It’s normal to feel daunted by the task ahead of you; after all, when it comes to protecting your loved ones, you want to get it right. The good news is that at British Seniors, we’re life insurance specialists. This means we can help you understand the different types of life insurance we offer, so you can find a policy to suit your needs and lifestyle. Three key types of protection that we’re going to break down in this article are guaranteed Over 50 Life Insurance, Funeral Insurance Plans, and Term Life Insurance. Let’s have a look at what they are, and how they compare to one another… 

Guaranteed Over 50 Life Insurance 

British Seniors Over 50 Life Insurance is a guaranteed policy. Also known as a ‘whole-of-life’ policy, this type of protection means that as long as you keep up with your monthly payments, your loved ones are guaranteed a lump sum payment when you die.  

How does Over 50 Life Insurance work? 

You must be a UK resident aged 50 to 80 to apply for this protection. As it’s a guaranteed policy, you won’t have to provide a medical or blood tests, and you won’t be asked health and lifestyle questions. Depending on your age at the time of applying, you could leave behind up to £10,000 of cover that could help your loved ones to pay for your funeral expenses or outstanding debts and bills when you’re gone. It could also be left as a gift for them to use as they wish. 

What are the benefits of choosing Over 50 Life Insurance? 

With Over 50 Life Insurance, you’re guaranteed protection if you’re a UK resident aged 50-80. That means that you can get cover, even if you have poor health. Not only that, but if you were to die as a result of an accident, you would get 2X your benefit amount paid out, up to £20,000. 

Cover is affordable, with premiums starting at just £4.32 per month1. It’s easy to arrange in one simple phone call and you’ll get a free Will Kit worth £100 to help you get your affairs in order. What’s more, from the policy anniversary following your 95th birthday, your cover is free.  

Who is this protection right for? 

When it comes to family, it’s important to get it right. With Over 50 Life Insurance from British Seniors, you can take pride in knowing that you’re helping to protect your loved ones from funeral costs and final expenses. As a guaranteed policy, you can have peace of mind that your family will have financial support in place when you’re gone. Even if you’re aged over 60 this type of life insurance could really help you look after the ones you care about most.

If you have poor health, Over 50 Life Insurance could be right for you. You won’t be asked any health questions and you won’t need to provide a medical or blood tests to get covered.

Things to keep in mind 

As this is a whole of life policy, there’s a possibility that you could pay in more than you get out. You should also note that if you stop your monthly payments, you will get nothing back.  Inflation could also reduce the value of cover. If you’re concerned about this, you can choose the Increasing Benefit Option. This can help to protect your policy from the effects of inflation.

Funeral Insurance Plans 

A Funeral Insurance Plan is a type of protection that can help you protect your family from some of the financial pressures of paying for a funeral. It is not a pre-paid funeral or a funeral plan. A Funeral Insurance Plan offers cover designed to provide your loved ones with a lump sum when you die. 

How do Funeral Insurance Plans work? 

British Seniors Funeral Insurance Plans offer different levels of protection so that you can find cover that suits your lifestyle and needs. You must be a UK resident aged between 50-80 to be eligible for this cover. You can choose between a Gold, Silver or Bronze plan.  

Gold 

This plan offers a benefit of £5,500. This benefit amount could cover the average cost of a funeral with a burial or a cremation2. It could also cover the cost of a superior quality coffin or urn. 

Silver 

This plan offers a benefit of £4,000. This benefit amount could cover a large part of the cost of a typical funeral with a burial or a cremation2, as well as the cost of a high-quality coffin or urn. 

Bronze 

This plan offers a benefit of £2,000. This benefit amount could provide a contribution to the cost of a burial or potentially the full cost of a direct cremation2. It could help cover the cost of a good-quality coffin or urn. 

You can compare our funeral plans right here. 

What are the benefits of choosing a Funeral Insurance Plan? 

With a Funeral Insurance Plan, as long as you keep up with payments, your legal beneficiary is guaranteed a lump sum payment when you die. You’re covered for accidental death immediately, plus death by any cause after 12 months, so you can relax knowing you have some protection in place.  

Prices are affordable and start from as little as £4.32 a month1 and there’s a range of plans to choose from, with the option to add an extra cash sum depending on your age. 

Who is this protection right for? 

The last thing most people want to think about is their own death. Unfortunately, it’s necessary to do so in order to help ensure your loved ones are protected when you die. According to our report, the cost of a funeral has been steadily rising over the years, and it doesn’t seem to be slowing down. If you’re concerned that your loved ones could not afford the financial burden of your funeral, then a Funeral Insurance Plan could be right for you.  

Things to keep in mind 

Although a Funeral Insurance Plan can help you protect your loved ones from paying for your funeral alone, it is not a pre-paid funeral or a funeral plan. That means that once it’s paid to your legal beneficiaries, it’s up to them to decide how to spend the money and make arrangements for your funeral.  Depending on how long you live you may pay in more than we pay out. If you stop your monthly payments, you will get nothing back.  

You should also consider the benefit amount you choose as inflation may reduce its buying power over time. You could opt to include a free Funeral Benefit Option. This is a comprehensive funeral arrangement that is provided in partnership with Golden Charter. It provides a free £300 contribution towards the cost of your funeral3, and it allows you to specify your funeral preferences in advance. 

Seniors Term Life Insurance 

Seniors Term Life Insurance from British Seniors is a type of protection that is in place for a set number of years, or term. If you pass away during this time, your loved ones will receive a lump sum to help them when you’re gone. This kind of protection can help you to leave behind a larger nest egg up to £100,000 to help your loved ones with funeral expenses and outstanding bills. It can also simply be left as a gift. 

How does Seniors Term Life Insurance work? 

To be eligible for Seniors Term Life Insurance you must be a UK resident aged 45-80. As well as that, you will need to answer health and lifestyle questions to determine your eligibility. If you choose this protection, you’ll have cover in place for 20 years or until the policy anniversary after your 89th birthday (whichever comes first). Depending on your age at the time of applying, you could leave behind up to £100,000 for your loved ones.  

What are the benefits of choosing Seniors Term Life Insurance? 

A Seniors Term Life Insurance policy from British Seniors gives you the opportunity to leave behind a larger nest egg for your loved ones. Depending on your age, you could get up to £100,000 of cover. As well as that, with Seniors Term Life Insurance you will have unlimited access to a range of healthcare services 24/7, at no extra cost. Your partner and children (up to age 21) can also avail of these services.

You can also choose an increasing benefit option, to help ensure that your benefit amount keeps up with inflation.  

Who is this protection right for? 

Seniors Term Life Insurance could be right for you if you only want cover for a set amount of time. You may have some larger debts that you have yet to pay off, like a mortgage, and want protection for your loved ones until your payments on it are complete.  

If you’re in good health and you want to leave behind a larger lump sum for your loved ones, Seniors Term Life Insurance could be right for you. Providing you meet the health and lifestyle criteria, and you’re a UK resident aged 45-80, you could leave behind up to £100,000 of cover.  

Things to keep in mind 

If you have poor health or a serious illness, Seniors Term may not be right for you. As health and lifestyle questions determine your eligibility, you may not qualify for this cover. If that’s the case, Guaranteed Over 50 Life Insurance or a Funeral Insurance Plan could suit you better.

You’re only protected for the duration of your term. If your term ends, or you stop paying your premiums, you will no longer have cover and you will get nothing back. After this we won’t pay out if you die.

Inflation could reduce the value of your cover. You can decide to opt for the Increasing Benefit Option, which can help to protect your policy from the effects of inflation. If you choose this, your benefit increases each year in line with the cost of living as set out by the Retail Price Index. Your monthly premiums will also increase 1.4 x benefit increase rate until end of term.

What next? 

Now that you have a better idea of what your options are, you can get a quote online in a matter of minutes. If you’d like to talk to one of our UK based specialists about our protection, you can get in touch on 0800 803 0052, Monday to Friday from 8:00 am to 9:00 pm, Saturday from 9:00 am to 6:00 pm and Sunday from 9:00 am to 5:00 pm. 


1. For a 50-year-old non-smoker with £1,000 of cover. 

2. Based on the British Seniors Funeral Costs report 2021. According to our report, the average cost for cremation is £3,635 and the average cost of burial is £4,068. These are the average costs based on respondents who planned a funeral between 2016-21. 

3. If you choose an unattended cremation, please note that the £300 contribution will not apply. An unattended cremation means any cremation where there is no funeral service, funeral procession (or other services such as family viewing, limousine(s), embalming or delivery of ashes). The cremation is arranged at a crematorium at a date and time chosen by the allocated funeral director and without anyone attending other than the funeral director’s staff. 

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£100 M&S Gift Card, for new policy holders only, after six successful monthly payments and once your total premiums paid exceeds the value of your Gift Card. View full terms and conditions here.