Peace of mind from £4 a month
Peace of mind from £4 a month
The Guaranteed Over 50 Plan is the UK's No 1 choice for over 50 life insurance^. It's a simple and affordable way to leave a fixed cash sum on death for your loved ones. All we ask is that you keep paying your premiums for life, or your Plan will end and you'll get nothing back.
Premiums are from as little as £4 a month - that's the lowest premium available anywhere in the UK for life cover plans of this type† . It's simple to apply and you can get an over 50 life insurance quote today in less than 60 seconds. What's more, to celebrate reaching over 1 million Plans‡ sold, we're giving you the chance to win a Mercedes A180SE or £20,000 in cash if you take out a Guaranteed Over 50 Plan by 31st December 2015*. Terms and conditions apply.
*The prize draw will take place on 15th January 2016 and is open to all customers who take out a new Plan between 1st September and 31st December 2015 and maintain their premium payments until the date of the draw. Residents of Northern Ireland are not eligible for the draw. Please read the full prize draw Terms and Conditions. Entry limited to one per person. Image is for illustration purposes only. Exact vehicle specification may differ from that shown.
Full prize draw Terms and Conditions
It couldn’t be easier to apply. If you’re aged 50 – 85 and a UK resident, you are guaranteed to be accepted. And there are no medical or health questions – we won’t even ask if you smoke. Then a fixed cash sum will be paid on your death, after the first two years. If you die during the first two years of your Plan, we’ll pay out all the premiums paid, plus half as much again unless you were to die in an accident when we’d pay out the full cash sum.
You’ll just need to be sure you’re happy with your monthly premiums as they are payable for life and if you stop paying your Plan will end and you won’t get anything back. You should also be aware that depending on how long you live, you could pay in more than the cash sum paid out.
Leaving a cash sum for your family can cost less than you think. Premiums start from just £4 a month - which is the UK’s lowest premium for plans of this type†. What’s more, the first month’s premium is FREE. One thing you can be sure of - we promise never to increase your premiums or reduce your cover, although as the cash sum is fixed, inflation will reduce its value over time.
We can’t give you advice about whether this Plan is right for you, so before you take one out, you should make sure you read our terms and conditions, which has all the information you need about the Plan and its risks and benefits. The Guaranteed Over 50 Plan is provided by AXA Wealth Ltd.
Applying for the Plan is easy - you can get a quote today in less than 60 seconds.
Why not add
funeral benefit option
to your Plan? It doesn't cost anything, in fact you'll receive £250 towards the cost of your funeral.
If you decide this Plan is right for you and you take one out, we'll thank you with a welcome gift of your choice.
As a thank you, you can choose a gift when you take out a Plan.
Durable and stylish, the Sony Xperia E4 has an impressive battery life so you can carry on texting and browsing all day. It also has a large 5" screen and smart display so the view is great from any angle. Please note, an alternative handset will be offered if stock runs out.
Relax with this stylish 19" widescreen HD-ready LED TV with Freeview digital tuner.
With up to 8 hours of battery life, this Wi-fi enabled tablet lets you browse the web.
Use your Amazon.co.uk Gift Certificate* towards Books, Electronics, Music, and more. The Amazon.co.uk website is the place to find and discover almost anything you want to buy online at a great price.
Treat yourself to fabulous wines and food, clothes and goods for your home.
Take your pick from everything from electricals to garden furniture to jewellery and watches.
If you choose the LED TV, sim-free smartphone or the Tablet we'll send you an Argos gift voucher to exchange for the gift you have chosen. When you receive the voucher, just take it in to any Argos store.
Your gift will be sent to you around one month from the day you pay your first premium. Because the first month's premium is free, this may be two months into your policy. Sometimes, the gift you choose may not be available. If this happens, we'll offer you something else. If you take out a Plan, you are entitled to one gift only issued from SunLife. We reserve the right to change or withdraw this gift entitlement, or limit the total number of gifts issued per customer. We also reserve the right to not issue a gift to any customer who has previously held a SunLife policy and has subsequently cancelled that policy.
*Amazon.co.uk is not a sponsor of this promotion. Amazon.co.uk Gift Certificates ("GCs") may be redeemed on the Amazon.co.uk website or affiliated website Javari.co.uk towards the purchase of eligible products listed in our online catalogue and sold by Amazon.co.uk or any other seller selling through Amazon.co.uk. GCs cannot be reloaded, resold, transferred for value, redeemed for cash or applied to any other account. Amazon.co.uk is not responsible if a GC is lost, stolen, destroyed or used without permission. See www.amazon.co.uk/gc-legal for complete terms and conditions. GCs are issued by Amazon EU S.à r.l. All Amazon ®, ™ & © are IP of Amazon.com, Inc. or its affiliates.
When it comes to looking after our customers, you don't need to take our word for it. We're the UK's No.1 choice for over 50 life insurance^. There are over 875,000 policyholders‡ and 99% of our new customers are satisfied with the service they received when setting up their plan◊ - so we must be doing something right.
Since we started the Guaranteed Over 50 Plan, we've paid out over £595 million in claims‡. And we make claiming as simple as possible. Once all the paperwork has been received, we pay 98% of claims out in three working days.
Applying for our Guaranteed Over 50 Plan is easy too. You can get a quote in less than 60 seconds.
And don't forget that if you take out a Plan by the 31st December 2015, you'll be entered in to our free prize draw to win a car or £20,000 in cash*.
How much does a funeral cost?
Average funeral costs in the UK are now £3,693 but these can vary by region. Find out where in the country is now home to the highest funeral costs.
Watch the SunLife team talk you through our Guaranteed Over 50 Plan
Use our quick interactive tool to find out the average funeral cost in your area
This website contains information on how the Guaranteed Over 50 Plan works. As the website does not contain advice, you need to be satisfied this type of policy meets your needs. If you are unsure and need advice, please visit www.unbiased.co.uk to find an Independent Financial Adviser in your area - you may have to pay for the financial advice provided. Alternatively, if you have any questions about the plan, you can call us on 0800 904 7674.
^ Most popular whole of life guaranteed acceptance plan bought directly. ABI statistics - 12 months up to 30 June 2015.
† £4 is the lowest premium on the market for this type of product as at 19 October 2015.
‡ As at 01 October 2015.
◊ SunLife Continuous Research Programme, New Policyholders September 2015, based on a sample of 150 new policyholders.
The promoter of this free prize draw is Winterthur Financial Services UK Limited (Company No: 00823355, with a registered office at 5 Old Broad Street, London, EC2N 1AD) (the “Promoter”). The Promoter is the service company to SunLife (a trading style of AXA Wealth Services Limited). Both the Promoter and AXA Wealth Services Limited are part of the AXA Group.
“AXA Group” means AXA UK Plc and its subsidiary companies, any holding company of AXA UK Plc and any subsidiary companies of such holding company, as such terms are defined in section 1159 of the Companies Act 2006.
How we use your Personal Information
You may be planning to use the cash sum from your Guaranteed Over 50 Plan to pay towards your funeral. So why not add the funeral benefit option to your Guaranteed Over 50 Plan for no additional cost?
It's a great way to help those you care about by putting some plans in place for your funeral. Plus, you'll receive a £250 contribution towards the cost of your funeral, helping your loved ones even more.
When you add funeral benefit option to your Guaranteed Over 50 Plan, the cash sum will be paid directly to The Co-operative Funeralcare, rather than to your estate (your estate is any property, possessions or money that you leave when you die). The Co-operative Funeralcare are our trusted partner and is one of the UK's largest funeral directors. The Co-operative Funeralcare will use your cash sum to pay towards the cost of your funeral.
When you add funeral benefit option, The Co-operative Funeralcare will send you a welcome pack that contains a Personal Wishes form. Using your Personal Wishes form you can record how you would like your funeral to be, including the type of service, your favourite readings, music or poems - it's up to you. Your Personal Wishes will be securely stored with your Funeral Benefit Option information and provided to the Funeral Director when the time comes to arrange your funeral. They will then discuss incorporating them into your funeral with the loved one who is arranging it. Personal Wishes can be recorded at any time, and added to or changed as often as you like and at no cost to you.
The Co-operative Funeralcare will also include a Certificate within the welcome pack, this Certificate should be presented to the Funeral Director at the time of making the funeral arrangements to validate your entitlement to the Contribution.
It doesn't cost you anything extra to add funeral benefit option to your Guaranteed Over 50 Plan, but you do need to make sure you keep paying the premiums for your Guaranteed Over 50 Plan.
If your funeral costs less than the cash sum from your Guaranteed Over 50 Plan and the £250 contribution, any money left over will be paid back to your estate. However, if the funeral costs more, your loved ones would need to pay the balance. You need to be aware that inflation will reduce the value of both the cash sum and the £250 contribution.
If you die within the first two years of the Guaranteed Over 50 Plan the full cash sum will not be payable. Instead all the premiums already paid plus half as much again would be paid to your estate rather than The Co-operative Funeralcare. However if The Co-operative Funeralcare conducts your funeral your representatives would still be entitled to the £250 contribution.
If you die within the first two years of taking out the Guaranteed Over 50 Plan as a result of an accident (see sections 3 and 4 of the Guaranteed Over 50 Plan Terms and Conditions) or within 90 days of the accident from injuries sustained in it, you will be entitled to the Accidental Death Benefit and the full cash sum will be paid to your estate rather than The Co-operative Funeralcare. However if The Co-operative Funeralcare conducts your funeral your representatives would still be entitled to the £250 contribution.
You can only take out funeral benefit option if you haven't done so already. This includes any over 50s life cover you may have with another provider. Also, if you already have a pre-paid funeral plan with The Co-operative Funeralcare you can't take up this offer and if you were to take out a funeral plan in the future, your funeral benefit option would be cancelled.
The Co-operative Funeralcare is a trading name of Funeral Services Limited (registered number 30808R), a registered society under the Co-operative and Community Benefit Societies Act 2014 incorporated in England and Wales, whose registered office is 1 Angel Square, Manchester, M60 0AG. Vat registered 403 3146 04. Part of the Co-operative Group.
Adding funeral benefit option to your Plan couldn't be more simple. When you apply online for the Guaranteed Over 50 Plan, you simply need to tick an extra box. Don't worry - we'll remind you during the application process. If you'd like more information about funeral benefit option, you can find it in the Co-operative Funeralcare terms and conditions.
The Guaranteed Over 50 Plan is a simple way to leave a fixed cash sum for your family after you’ve gone, either as a gift or to help towards funeral expenses.
The Guaranteed Over 50 Plan is a whole of life policy - you choose a fixed monthly premium at the start and provided you keep paying them throughout your life, a fixed cash sum will be paid out when you die, after the Plan has been in force for two years.
No. There are no health questions to answer and no medical whatsoever. Provided you’re aged 50 - 85 and a UK resident, you’re guaranteed to be accepted.
You can choose from a range of premiums between £4 and £74 per month (as long as the amount of life cover does not exceed £25,000) and to help get your Plan underway, the first premium is free. As this is a whole of life plan, you need to choose a monthly premium you are confident you'll always be able to pay throughout your life because if you were to stop paying your premiums, we would have to cancel your Plan (which we really don’t want to do) and you wouldn't get anything back. You should also be aware that depending on how long you live, you could pay in more than the cash sum paid out.
Ever noticed how your money doesn’t go as far as it used to? That’s probably down to inflation. Inflation is where prices of goods and services increase over time. For example, in 1984 £1 would have bought you 4 pints of milk, but in 2014 £1 will have bought you only 2 pints. When thinking about choosing a cover amount, you should think about how much prices (especially funeral prices) may increase over time and whether the fixed cash sum you choose today will be able to cover the things you would like it to, in the future.
You have 30 days from the day you receive your policy documents during which you can cancel your Plan and have any premiums paid refunded in full. After that, you can cancel your Plan at any time by writing to us. Remember, if you do cancel, your life cover will end and you wouldn't get anything back. As long as you continue to pay your monthly premiums, your Plan can’t be cancelled by us for any reason.
Making a claim is a simple, reliable process. Our staff will do everything they can to make claims go as smoothly as possible. When the time comes, all your loved ones will need to do is simply call us or write to us and we will help them with the rest. There are more details about how to make a claim here.
If you are planning to use the cash sum from your Guaranteed Over 50 Plan to pay towards your funeral, you could add our FREE funeral benefit option to your Plan. The cash sum from your Guaranteed Over 50 Plan will be paid directly to The Co-operative Funeralcare who will use it to help pay for your funeral. It doesn’t cost you anything extra to add funeral benefit option to your Guaranteed Over 50 Plan, but you do need to make sure you keep paying the premiums for your Plan. What's more, The Co-operative Funeralcare will also pay a £250 Contribution towards the cost of your funeral, helping your loved ones even more. You can only take out funeral benefit option if you haven’t done so already. This includes any over 50s life cover you may have with another provider. Also, if you already have a pre-paid funeral plan with The Co-operative Funeralcare you can’t take up this offer and if you were to take out a funeral plan in the future, your funeral benefit option would be cancelled.
If you add the FREE funeral benefit option to your Plan, the funeral services will be provided by The Co-operative Funeralcare. With nearly 80 years' experience and an extensive network of over 1200 Co-operative owned funeral homes* across the UK, you can count on The Co-operative Funeralcare to be on hand to give your loved ones the support they need.
*Taken from The Co-operative Funeralcare's website 2015
Before you decide if the Guaranteed Over 50 Plan is right for you, it's very important you:
Terms and Conditions of the Guaranteed Over 50 Plan
If you are interested in adding the Funeral Benefit Option to your Plan, you should also read and understand these terms and conditions
Terms and Conditions of the Funeral Benefit Option
Please remember, the information we've given you doesn't contain advice regarding whether the Guaranteed Over 50 Plan, or Funeral Benefit Option are right for you.
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