Not all Over 50s Life Cover is the same

5-star-cover-from-8-a-monthOver 50s Life Cover Plus is a quick and simple way to leave behind some helpful money for your family. Anyone can apply as long as you are between 50 – 80 years old and a UK resident. Like everyone else, we offer guaranteed acceptance without a medical but there’s much more to our Defaqto 5 Star Rated Over 50s Life Cover than that…


  • No medical needed
  • Serious and terminal illness benefits as standard
  • Access to advice and support services
  • £250 contribution to funeral costs with our free Funeral Funding Option

How your cover works

During the first
two years

  • If you die of natural causes we will pay out 150% of the premiums paid.
  • If you die as a result of an accident we will pay out three times the life cover up to a maximum pay out of £48,000.

After the first
two years

  • When you die, we'll pay out the sum assured as a cash lump sum, less any serious illness benefit.
  • Please keep in mind that inflation will mean any pay out won't buy as much in the future as it will now.

Serious and terminal
illness benefit

After two years:

  • 100% of your life cover, paid in full, if you receive a terminal illness diagnosis after 2 years as a policy holder. The policy would then be closed and cover would end.
  • 20% of your life cover if you are diagnosed with a serious illness after 2 years as a policy holder, reducing the life and terminal illness cover to 80% of the sum assured.


Premiums stop at age 90 but cover continues for life. If you stop paying premiums before then the cover will cease and you will not get any money back.

The cash lump sum on death normally counts as part of your estate and so may be subject to inheritance tax

You could pay more in premiums that the plan pays out.

Our Over 50s life cover is not a savings plan and has no cash in value.

Please read the Policy Summary before you take out a plan with us. It contains all of the information you need including the full terms and conditions.

Your policy also provides:

  • Practical, emotional and health support for you and your family. More about our support services »
  • £250 contribution to your funeral with our free Funeral Funding Option.
  • The option to nominate beneficiaries to receive a prompt pay-out of up to £5,000, which only Friendly Societies can offer.

FSCS logoOneFamily is covered by the Financial Services Compensation Scheme (FSCS), which is designed to pay customers compensation if they lose money because an authorised firm is unable to pay what they owe because they’ve ceased trading and declared in default. Find out more about the FSCS »

Confidence that comes with a 5 Star Rating from Defaqto – the highest you can get!


What is the average cost of a funeral in your area?

To help with your planning, we've developed a tool to show the average cost of a funeral in your area.


Type of funeral:

2021 £
2026 £
2031 £
2036 £
2041 £
2046 £

The cost of a funeral in your area

The average cost of a in your county in 2016 was £. These costs are based on an assumed annual rate of increase in funeral costs of 4% per year. The estimated average cost provided should not be relied upon to estimate the precise cost of a funeral.*

The average cost of a funeral in your area provided does not include estimations on the items listed below.

  • Flowers
  • Additional funeral cars for family members
  • Death notices
  • Funeral catering and venue hire
  • Estate administration fees

* A Study into UK Burial and Cremation Costs by Trinity McQueen, March 2017.

Over 50s Life Insurance quote

See how we compare

See how well we compare with some of our competitors. The example we’ve shown
below is for a 63-year-old non-smoker, whose premium is £16 a month.

This table is designed to compare levels of cover that may be available. It is not a
comprehensive comparison of all product benefits.

Provider Life Cover Full life cover payable after Premiums payable until
OneFamily £3,550 24 months age 90
ASDA £3,134 12 months age 91
LV= £3,072 12 months age 90
Sunlife £2,995 24 months Death
Aviva £2,871 12 months Age 90
Royal London £3,125 12 months Age 90

All information is correct as at 21/04/2017.

We include a serious illness benefit and a terminal illness benefit, which these competitors don’t.

We also offer separate rates for smokers and non smokers, but LV= and Sun Life Direct don’t.

The life cover depends on how old you are when your plan starts, as well as the premium you decide to pay and if you smoke or use tobacco products.

Free funeral funding option

  • £250 Contribution towards your funeral costs (as long as the funeral is arranged through the Funeral Funding Option provider)
  • Payment made directly from your Over 50s plan towards your funeral expenses, as long as you've had the policy for two years or more
  • No extra cost to you
  • Easy to arrange

Please remember Over 50s Life Cover is not a Funeral Plan and would not necessarily meet the full cost of a funeral.

Find out more »

Support when you need it most

  • Legal advice, from Co-op Legal Services
  • Will writing service, from Co-op Legal Services
  • Care advice, from Grace Consulting
  • Estates and Probate line from Co-op Legal Services
  • Health support, from RedArc

All support services »

Welcome to the Family

We like to say thank you to our customers, so you can take out a plan that gives you either;

Vouchers, 3 months cashback

Full terms and conditions can be found here »

Frequently asked questions

Here we answer common questions about OneFamily’s life cover policy. But if you can’t
find the answer to your question, please contact us.

About your policy:

When does my Over 50s Life Cover Plus start?

Immediate cover is available in most cases if you apply for Over 50s Life Cover Plus online or by phone. If you apply by post, your cover will start once we’ve processed your application and you should get your policy documents within a few days.

How long does my Over 50s Life Cover Plus last?

You’ll be covered for life as long as you pay your premiums. What's more, once you reach the age of 90 you stop paying premiums but your cover will carry on until you die or if you claim a terminal illness pay out. However, if you stop paying premiums before you’re 90, your plan will stop and you won’t get anything back.

Do you offer joint life cover policies?

No. But you can make sure each of you is covered by each taking out an Over 50s life cover policy.

Can I cash in my policy?

No. Your over 50s life cover policy isn’t a savings plan and has no cash in value at any time. It only pays out when you die or claim serious or terminal illness benefit. If you cancel your policy within the first 30 days you’ll receive all of your premiums paid back.

Will the pay out be taxed?

The pay out on death won’t attract Income Tax and Capital Gains Tax, but it may be subject to Inheritance Tax unless your policy is written in trust. This reflects our current understanding of the law and the HMRC practice, which can be subject to change.

When will I get my welcome gift or cash back?

We usually send out your gift within 28 days of receiving your first premium. If you don’t receive your gift card within 6 weeks, call us on 0800 169 4321.

For cash back, we’ll give you back 3 months premiums after you’ve paid 6 premiums. See our gift and cashback terms and conditions.

Can I increase my level of cover after I take out my policy?

Yes. You can increase your level of cover by taking out additional plans. You can pay up to £75 in total premiums (subject to a total level of cover of £40,000) on plans taken out after 1 January 2007. Plans taken out before this date do not count towards these limits.

Can I have more than one Over 50s Life Cover Plus policy?

Yes. You can take out as many plans as you like, provided your total monthly premiums on plans taken out after 1 January 2007 aren’t more than £75 (subject to a total level of cover of £40,000).

Will you stop or reduce my life cover if I get ill?

No. We only stop your cover if you stop paying your premiums before the age of 90.

What is Defaqto?

Defaqto is an independent, unbiased researcher of financial products, committed to helping people make better financial decisions. Their rating system is designed to help you compare products in a straightforward easy-to-understand manner and focuses on providing objective information based on the quality of a product - not just how much it costs.

What does a 5 Star Rating mean for me?

You may already be familiar with the Defaqto Star Rating system. If so you’ll know that if you’re looking at a product with the maximum 5 Star Rating, it’s a market leading product. You can’t get a higher Defaqto rating than that. It means you can trust it to be among those with the widest range of benefits on the market as well as being great value for money. And you can be sure it’s provided by a company that is financially robust.

How much will my Over 50s Life Cover Plus cost?

Premiums start from as little as £8 and go up to £75. See how much life cover you can get for your money.

Does the plan pay out what I pay in?

Please refer to the section above "How your cover works" for more details.

Why do you take my first premium after 10 working days of my policy start date?

To give you at least 10 working days notice of when we’re going to take your premium.

When do I stop paying into the plan?

Unlike some other providers, you only pay your premiums until you reach the age of 90. After that, you don't have to pay any more premiums, but you are covered for life.

Will my Over 50s Life Cover Plus premium ever increase?

No. Even as you get older or if you become ill.

How can I pay my premiums?

You pay your premium by Direct Debit. It’s easy and convenient and means you don’t need to worry about forgetting to make a payment. It’s unlikely there will be any mistakes, but if anything is paid in error you’re covered by the Direct Debit guarantee, which means you’ll get a refund.

Do I need a medical?

No. We guarantee to accept you without a medical. We don't ask any intrusive questions and we don’t need a medical report.

Do I get a higher level of cover if I don’t drink or smoke?

The only thing that makes a difference is whether you smoke. Because smoking has many health risks, we reward non-smokers with higher levels of cover than smokers. To make sure your plan pays out when you die, you need to be honest about whether you smoke when you apply for your policy.

What do you class as tobacco products?

Tobacco products include:

  • cigarettes
  • cigars
  • pipes
  • hand roll tobacco
  • snuff and chewing tobacco

For the purpose of clarity, nicotine replacement products will be classed as any product that gives a regular dose of nicotine to help stop someone from smoking.

These products include:

  • nicotine gum
  • nicotine inhaler
  • nicotine nasal spray
  • nicotine lozenges
  • nicotine patches and e-cigarettes

This list doesn't include everything considered a tobacco product or nicotine replacement therapy. If in doubt, please contact us.


You can also apply over the phone by calling us free on:

0800 085 0700*

We’ll be here from 9am to 7pm Monday to Friday and 9am to 1pm on a Saturday.

*We might record your call to help improve our security and training. We hope you don’t mind. Calls are free from UK landlines and mobile networks.

Apply now

Let's get started

Get a free quote now

Let's get started

Pencil illustration



Call us on 0800 085 0700* or use the button below to get a quote or to apply.

Let's get started