Over 50s Life Cover

Look after your loved ones with our simple, affordable life cover

  • Affordable cover from
    £8 per month

  • 5* Defaqto rating
    The highest rating you can get

  • No medical exam
    Guaranteed acceptance for UK residents aged 50-80

  • Terminal Illness and Funeral Funding built in

Provide you and your family with peace of mind

Our Over 50s policy is designed to give you and your loved ones peace of mind at a very difficult time, by helping pay towards the cost of your funeral.

The proceeds of your policy will be paid directly towards funeral costs, unless you opt out of funeral funding or have chosen a direct to cremation funeral. If you are considering a direct to cremation funeral, please note the £300 contribution will not apply.*

If there is an excess from the policy, after funeral expenses have been paid, the remaining sum will be paid to the estate.

Unlike similar products on the market, OneFamily's Over 50's Life Cover offers terminal illness benefit as standard, after the policy has been in place for two years.

Acceptance is guaranteed without the need for a medical examination, and cover is available to any UK resident between the age of 50 and 80 years old (subject to sum assured and premium limits).

What does it mean to be 5 star Defaqto rated?

Defaqto 2019 award: Five stars for Over 50s Life AssuranceDefaqto is an independent financial information business, helping consumers make better informed decisions. They analyse more than 41,000 financial products in the UK that change on a daily basis. Their experts have done all the hard work so that consumers can make better informed decisions.


Why Over 50s Life Cover?

  • OneFamily is the only Over 50s life cover provider to offer terminal illness. See "How Your Cover works" section below for further details
  • Funeral Funding is included within the policy and provided by Golden Charter. Golden Charter will allocate a local funeral director who will add a £300 contribution towards the cost of the funeral. If you are considering a direct to cremation funeral the Funeral Funding Feature is not suitable and the £300 contribution will not apply.*
  • If you want to opt out of funeral funding at any time please contact us on 0800 028 1112
  • For further information please view our Funeral Funding information.
  • Plus practical, emotional and health support for you and your family. Please note these optional support services are subject to change or withdrawal at any time

Find out the average cost of a funeral in your area and get a free policy quote

Our funeral calculator shows the average costs of burials and cremations in your area and how these prices could rise over the years.

See how we compare

Provider Pay out Full life cover payable after Premiums payable until Terminal illness benefit included as standard Separate rates for smokers & non-smokers
OneFamily £5,217 24 months age 90
Sunlife £4,714 12 months Death
Aviva £4,721 12 months Age 90 or 30 years (whichever is sooner)
Royal London £5,009 12 months Age 90
Legal & General £4,469 12 months Age 90


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 28/10/2020.

Get your free quote

About your policy

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.

Terminal illness benefit

  • 100% of life cover paid in the event of a terminal diagnosis after two years.

Funeral Funding

  • The proceeds of your policy will be paid directly to your chosen funeral funding provider.
  • Any excess will be paid to your estate.
  • Golden Charter will allocate a local funeral director, who will add a £300 contribution towards the cost of the funeral.

OneFamily does not offer advice, so it is important that you read the Policy Summary and Terms & Conditions before you take out a plan with us. It contains all the information you need to help decide if the product is suitable for you, You should also read the leaflet About Our Insurance Services.

Family Assurance Friendly Society Limited is the Insurance Undertaking for this product.

Policy Summary

Terms & Conditions

Nomination form

About Our Insurance Services Leaflet

Funeral Funding

What you need to know

  • 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.
  • 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.
  • Funeral Funding, provided through Golden Charter, is not a Funeral Plan, so may not cover the full cost of your funeral. If you are considering a direct to cremation funeral, please note the £300 contribution will not apply.*
  • Due to inflation, any amount paid out may not buy as much in the future as it would now.

OneFamily 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

FSCS logo

*A direct to cremation funeral means any cremation where there is a direct disposal service only and therefore no funeral service, funeral procession (or other services such as family viewing, limousine(s), embalming or delivery of ashes) and where 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.

Have more questions? Take a look at our Over 50s Life Cover FAQs page.

Give your family peace of mind and get a quote today

Get your free quote


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

0800 028 1112*

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.
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