What is over 50 life insurance?
It's a type of life insurance for those over the age of 50, sometimes referred to as 'Whole of life' cover, as it lasts for as long as you live rather than a set period of time. It pays out a lump sum when you pass away. For our Over 50 Life Insurance there is no cash-in value at any time.
Do you need over 50 life insurance?
Over 50 life insurance is typically used to leave a small lump sum to your loved ones. This could mean:
- a helping hand at a difficult time – the money could be used for costs or bills that remain unpaid.
- support with funeral costs - some people plan their payout to go towards arranging their final send-off.
If you only need cover for a fixed amount of time, rather than your whole life, or if you want more cover that could help towards repaying your mortgage or help to protect your family's way of life, you could consider our Life Insurance Plan.
Unsure which is the right cover for you? This article explains more about the differences between term life insurance and over 50 life insurance.
How our over 50 life insurance works
Choose how much you want to pay
Pick a cover amount (what we’ll pay out) or how much you want to pay each month in premiums. You can pay between £5 and £100 per plan or a maximum of a £100 a month across all over 50 life insurance policies held with us. The price you pay depends on the level of cover selected and your personal circumstances.Cover amount and premiums always remain the same
What you pay each month will always stay the same, there’ll never be any unexpected increases. Premiums will stop after 30 years or the policy anniversary after your 90th birthday, whichever comes first, but your cover will continue until you pass away.We guarantee to pay out every penny*
We pay out 100% of claims, and quickly, usually within 3-5 working days. We'll pay out the cover amount in a lump sum if you pass away for any reason after the first 12 months of having the policy, or if you pass away because of an accident within the first 12 months.* This excludes cases where a claim is made within the first 12 months following death as a result of anything other than an accident. In these circumstances we repay the premiums equal to those that have been paid over the duration of the policy.
What our over 50 life insurance covers
Here’s some of what’s covered and what to consider before taking out a policy. For full cover details please refer to the downloadable policy documents below.
What this cover offers
Important to know
Why choose our over 50 life insurance?
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5 star rated cover
Defaqto is one of the UK’s most trusted sources of financial product and market intelligence.
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We've got heritage
We have been around for 325 years, so our customers can trust us like their great-great grandparents did.
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Complimentary wellbeing services - Aviva DigiCare+.
Your cover unlocks access to health and wellbeing services through the Aviva DigiCare+ app provided by Square Health. This includes an annual health check, mental health support, and personal nutritionists at no additional cost. Find out more about Find out more about Aviva DigiCare+.
The Aviva Digicare+ app and services are non-contractual and can be changed or withdrawn at any time. The terms and conditions and the privacy policy can be found within the app. Residency restrictions apply.
How much cover can you get?
It depends on a few details about you, like your age and whether you smoke. It also comes down to how much you want to pay each month - your premium. The price you will pay will depend on the level of cover selected and your personal circumstances.
| Age cover is taken out | Payout |
|---|---|
| 50 | £6,681 |
| 60 | £4,718 |
| 70 | £2,650 |
| 80 | £1,277 |
This table gives an idea of how much cover you could get, as a non-smoker, paying a premium of £20 a month (figures are correct as of 23 October 2024).
How much cover do I need? 
How much cover you need is entirely up to you and depends on your specific needs when you apply. If you're thinking about using over 50 life insurance to leave something to help towards the cost of a funeral, but don't know what that might be, then why not try our funeral cost calculator.
Looking for different cover?
We have other ways you can help protect your family’s future.
Life insurance
Also known as ‘term life insurance’. Pays a lump sum to help your loved ones pay bills, mortgage repayments, school fees, and any other debts, if you die within the policy term.
Age: 18-77
Cover: Up to £5,000,000
Payment: If you die, or get a terminal illness and aren’t expected to live longer than 12 months. The full cover amount is paid once and there’s no cash value at any time.
Critical illness cover
Pays a lump sum if you or your child are diagnosed with or have surgery for one of our 52 critical illnesses covered by our plan, within the policy term.
Age: 18-64
Cover: Up to £1,000,000
Payment: If you become critically ill and live for 10 days after diagnosis. There's no cash in value at any time.
Income protection insurance
Affordable cover that pays a proportion of your lost earnings, which could help you cover your monthly outgoings if you can’t work.
Age: 18-59
Cover: Monthly benefit amount between £500 and £1,500
Payment: If you’re ill or injured and can’t work. There’s no cash value at any time.
Aviva DigiCare+ by your side
Once you take out a new over 50 life insurance policy with us, taking positive strides towards a healthier lifestyle can be as easy as stretching for your phone.
You can access health and wellbeing services through the Aviva DigiCare+ app, and it won’t cost you extra. Once your cover is up and running, you can download the app, pop in your details, then use it to connect to clinicians, nutritionists, therapists and more.
These are the services stitched into the app:
- An annual health check
- Nutrition support
- Mental health support
- Second medical opinion
- Bupa Anytime HealthLine
- Bereavement support
- Legal services
Services are provided by Square Health and other trusted third party providers.
Of course, the main reason for taking out a policy with us is financial protection, and you shouldn’t get cover for Aviva DigiCare+ alone.
The Aviva DigiCare+ app and services are non-contractual and can be changed or withdrawn at any time.
The terms and conditions and privacy policy can be found within app. Residency restrictions apply.
Over 50 life insurance FAQs
How would my family or loved ones make a claim?
Do I need a medical?
What happens if I stop paying premiums for my over 50 life insurance?
Can my partner take out cover as well?
Will my premiums go up?
Take care of your loved ones with an Aviva Trust
Our trusts give you more control over who your money goes to once you’re gone and will usually be exempt from Inheritance Tax.
Tax liability depends on personal circumstances. Tax rules may change over time. For more information talk to a financial adviser.
Over 50 life insurance knowledge centre
Browse our collection of articles that explain how over 50 life insurance and other products can help protect you and your family.
