Do I need Over 50s Life Cover?
As our Over 50s Life Cover comes with Funeral Funding as standard, it could help your family pay for your funeral even before they receive any inheritance you’ve left for them.
So, if you have any concerns about how your funeral will be paid for, Over 50s Life Cover could help.
OneFamily Customer
Over 50s Life Cover
“Very understanding and flexible - able to support and deliver the service required. Feeing confident and secure in the continuation of the good service received so far. Looking forward to positive and productive connections in the future.”
How it works
Your family will get a lump sum if you die while the policy is active but, as we include Funeral Funding as standard, the payout will go direct to a funeral director who will add a contribution of up to £300, depending on the type of funeral selected*.
If there’s any money left after your funeral is paid for, this will be inherited as part of your estate.
Over 50s Life Cover comparison
| Provider | Pay out | Full life cover payable after | Premiums payable until | Terminal illness benefit included as standard | Flexible Premium | Defaqto Rating |
|---|---|---|---|---|---|---|
| OneFamily | £4,955 | 24 months | Age 90 | Yes | Yes | 5 stars |
| Sunlife | £4,470 | 12 months | Age 95 | No | Yes | 5 stars |
| Aviva | £4,718 | 12 months | Age 90 or 30 years (whichever is sooner) | No | No | 5 stars |
| British Seniors | £4,009 | 12 months | Age 95 | No | Yes | 3/4* stars |
| Legal & General | £4,766 | 12 months | Age 90 | No | Yes | 5 stars |
The figures in the above Over 50s Life Cover comparison are for a 60 year-old non-smoker, whose premium is £20 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. All information is correct as at 06/01/2026.
*4 stars if Increasing Benefit Option is selected, 3 stars if not
Get your free quote Or call us on 0800 008 7051
Is OneFamily's Over 50s Life Cover any good?
We’re thrilled to have been awarded a 5-star Defaqto rating for 2025, so you can rest assured that you’re in good hands.
OneFamily Customer
Over 50s Life Cover
OneFamily explained everything in detail. Managed to improve the payout while reducing my monthly payment too! And they took care of all cancellations and transfers from my previous life policy.
What you need to know about Over 50s Life Cover
What is Funeral Funding?
- Funeral Funding is included as standard in our policies, unless you opt out, and is provided by Co-op Funeralcare.
- With Funeral Funding, the policy payout will be sent directly to Co-op, who will add a contribution of up to £300, depending on the type of funeral selected*.
- Funeral Funding is designed to give your loved ones less to worry about at a difficult time. It's worth being aware that it's not the same as a Funeral Plan, so may not cover the full cost of your funeral.
You can also download our Funeral Funding flyer for more information.
OneFamily Customer
Over 50s Life Cover
The person I spoke to at OneFamily was excellent. They explained that it would be good to pay extra because the policy I have would not pay for my funeral at the moment, but if I took out another policy it would go to cover a bit more.
Things to be aware of before taking out your policy
- You won't have to pay for your cover once you reach age 90 but your cover will continue for life. If you stop paying premiums before age 90, the cover will cease and you won't be entitled to claim any money back.
- The cash lump sum on death normally counts as part of your estate and so may be subject to inheritance tax.
- It is also important to note that you could pay out more money in premiums than the policy pays out. Our Over 50s Life Cover is not a savings plan and has no cash-in value. Due to inflation, any amount paid out may not buy as much in the future as it would now.
- Please read our Terms and Conditions and Policy Summary and Our Insurance Services leaflet for more details.
Call for a free quote on 0800 008 7051
We’re here from 9am to 5:30pm Monday to Friday.
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Calls are free from UK landlines and mobile networks.
*A contribution of £300 will be applied to a Tailored Funeral, £125 to an Essential Funeral (a simple, lower cost option), and £50 to a Direct Cremation (an unattended cremation without a funeral service)