Over 50 life insurance
£100 Co-op Food vouchers when you buy a new over 50 life insurance policy
For new customers who buy directly from Co-op Insurance Services. Offer ends 30 June 2020. Terms and conditions apply.
Over 50 life insurance pays out a lump sum of money when you die to a person of your choice.
Co-op Over 50 Life Insurance has a number of different features including:
Without medical questions if you are a 50 to 80 year old UK resident.
Get cover from as little as £3.95 a month. Payments depend on the amount and length of cover, and your personal circumstances.
If you miss a payment once you’re more than 35% through your policy, you will still get a payout.
You’re covered in full after 24 months of payments.
There are a few things to think about when buying an over 50 life insurance policy:
You will pay your monthly premium until the anniversary date of your policy after you turn 90, or your death, whichever comes first.
If you miss a monthly payment before you’re more than 35% of the way through your policy your cover will end and you’ll get nothing back.
Our Payout Promise means that if you’re more than 35% of the way through your policy and miss a payment you will still get 35% of your payout on death.
If you’re over 75% of the way through your policy and miss a payment you will get 75% of your payout on death.
Your monthly payments could add up to more than your payout depending on how long you live.
Over time inflation will reduce the value of the payout amount.
If you die within the first two years as the result of an accident we will pay in full, if your death is not as the result of an accident, we will refund the amount you have paid in so far.
You can have multiple policies with Co-op, taken out at different times. The maximum amount of cover across all of your policies is £10,000.
Co-op Over 50 Life Insurance is available to UK residents aged between 50 and 80. Our insurance offers guaranteed acceptance meaning you don’t have to answer any medical questions.
You get to choose a fixed monthly payment between £3.95 and £100. The size of your monthly payment affects the amount that is paid out on death.
Please call us on 0345 268 6082^ to register a claim.
We won’t be able to pay a claim until we’ve received all the information we need.
Documents we may need to see include:
A new customer is someone who has not had an insurance policy of the same type with Co-op Insurance or Co-op Insurance Services in the last 12 months.
Calls may be monitored or recorded for security and training purposes.
^ Call charges may apply.
Co-op Over 50 Life Insurance from Co-op Insurance Services is provided, underwritten and administered by The Royal London Group. The Royal London Group consists of The Royal London Mutual Insurance Society Limited and its subsidiaries; registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL. 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 under register number 117672. Co-op Insurance Services Limited is not part of The Royal London Group.