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Over 50s Life Cover

Peace of mind – from as little as 13p per day

Ease the financial burden on your family when you’re gone. For a small monthly payment an Over 50s Life Cover policy is a simple way for you to help cover costs at a difficult time, or to provide a gift to your loved ones.

Over 50s Life Cover is provided and administered by Royal London – the UK’s largest mutual life and pensions company, with over 150 years’ experience in helping families at difficult times.

Key features

  • Cover starts from £3.95 a month
  • Flexible payments, you can reduce your cover to bring your payments down, to a minimum of £3.95 a month
  • Guaranteed acceptance for UK residents aged 50 to 80
  • Immediate cover for accidental death - if you die from an accident in the first year
  • Full cover after just one year
  • You could still qualify for a payout if you stop paying after halfway through your payment term or have made at least half the payments

Important information

  • Over time, inflation will reduce the buying power of the amount of money you are covered for.
  • Policy has no cash-in value, and only pays out on death.
  • If you stop making your payments before you're halfway through your payment term your cover will end and you'll get nothing back.
  • If you stop paying after halfway through your payment term, your family will still get some money when you die.
  • Your total monthly payments paid could exceed the payout.
  • The maximum cover you can have is £10,000 or a maximum monthly payment of £100.
  • You pay to the plan anniversary date after you turn 90, or until you pass away, whichever comes first.

View the terms & conditions including policy exclusions.

Exclusions and limitations apply.

How to apply

Get a quote from Royal London

Or call us on:

0800 028 2471

Need to make a claim?

Call Royal London on:

0345 266 1585

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Fairer cover – how it works

The Over 50s Life Cover has a safety features not offered by many other providers. If you're struggling to meet your monthly payment and you're at least halfway through paying for your policy you can stop making payments and your family will still receive a payout in the event of your death.

That means if you take out cover when you are 60 years old, you are agreeing to make monthly payments up until the policy anniversary date after your 90th birthday. If you can no longer afford the payments after you turn 75, you will still get some money as you will have been paying for 15 years of your 30 year policy. If you need to stop making payments your family will still receive half of the payout when you pass away.

No hidden charges

Your payment won’t increase

Guaranteed acceptance

No medical for 50 to 80 year-old UK residents

Fairer and more flexible

Protected cover once half the policy has been paid

Getting a quote takes just a few minutes

Get a quote from Royal London

Or call us on:

0800 028 2471

Your questions answered

How does my family make a claim?

Making a claim is simple, Royal London has a dedicated UK-based claims line. Their trained staff will do everything to make sure your family’s claim goes as smoothly as possible.

You can contact our claims team on

0345 266 1585

Can I reduce my payments?

If you’re feeling the pinch, you don’t need to stop paying and risk losing all your cover. You can reduce your payments to as little as £3.95 a month and keep paying. If you reduce your payments your payout will also reduce.

Can I have a joint policy?

No, but you can have one each.

Can I cash in my policy?

No, you can’t cash in your policy at any time. This policy only pays out in the event of your death.

Can I cancel my policy?

Yes, you can cancel your policy at any time. If you cancel within 30 days of starting your cover, Royal London will refund any payments you’ve made. If you cancel after that, you won’t receive any refund.

If you feel you can no longer afford your cover, Royal London may be able to reduce your payments. If you stop making payments before you’re halfway through the payment term, your cover will end with no refund. If you’re halfway through paying for your policy and need to stop paying, your family will still receive a payout.

Does the payout amount increase with inflation?

No. It's worth considering inflation though, as prices increase over time the payout you choose today may not be enough for your family in the future. If you would like a bigger payout, you can apply to take out an extra policy for as little as £1 a month. The maximum cover you can have is £10,000 or a maximum monthly payment of £100.

How long do I pay for?

You pay until the policy anniversary date after you turn 90 years of age or until you pass away, whichever comes first. Depending on how long you live for, you could pay more than the money which is paid out when you die.

Royal London customer service

0345 266 0980

(Open 8am-7pm Monday-Friday, Saturday 9am-5pm and Sunday 10am-4pm)

Over 50s Life Cover is provided and administered by The Royal London Group. The Royal London Group consists of The Royal London Mutual Insurance Society Limited and its subsidiaries. The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. Registered in England and Wales number 99064. Registered office 55 Gracechurch Street, London, EC3V 0RL.

 

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