Over 50 life insurance is offered through Co-op Insurance Services and is provided, underwritten and administered by The Royal London Group.

What is over 50 life insurance?

Over 50 life insurance pays out a lump sum of money when you die to a person of your choice.

Why choose us?

Co-op Over 50 Life Insurance has a number of different features including:

Guaranteed acceptance

Without medical questions if you are a 50 to 80 year old UK resident.

Fixed monthly payments

Get cover from as little as £3.95 a month. Payments depend on the amount and length of cover, and your personal circumstances.

Payout Promise

If you miss a payment once you’re more than 35%  through your policy, you will still get a payout.

Full cover after two years

You’re covered in full after 24 months of payments.

What do I need to know?

There are a few things to think about when buying an over 50 life insurance policy:

You will pay until the end of your 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 a miss a monthly payment your cover will end

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.

But you will still get a payout if you are more than 35% of the way through

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.

You could pay in more than you receive

Your monthly payments could add up to more than your payout depending on how long you live.

Inflation could impact your payout

Over time inflation will reduce the value of the payout amount.

You are fully covered after two years

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

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 accepts all 50-80 year old UK residents

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.

Monthly payments are fixed

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.

Make a claim

Please call us on 0345 268 6082^ to register a claim.

Next steps

  1. We’ll send out a claim form, which needs to be filled in and returned to us.
  2. Once we’ve received the claim form, we may ask for more information.
  3. After we've received all the information we need we aim to pay claims within 10 working days.

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:

  • proof of the policyholder’s death such as the original death certificate
  • the original birth certificate of the policyholder
  • evidence of a change of name – for example, a marriage or civil partnership certificate
  • medical evidence, which may include full medical records.