Over 50s Life Cover
We all want the best for our loved ones. When we pass away, it can have a serious impact on our family's finances, so it’s essential that if the worst were to happen, they have one less thing to worry about during an emotional time. Taking out a life insurance policy can help do that. Our Over 50s Life Cover offers a straightforward policy: you make monthly payments, and we pay a lump sum when you die.
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What you need to know
What are you covered for?
Our policy covers:
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Life cover to non-smokers aged 50 to 80, and smokers aged 50 to 75
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A pay out up to £34,000 (depending on your age)
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Guaranteed cover even if you don’t answer any medical questions (you may qualify for discounted payments if you choose to answer the two medical questions)
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A double pay-out if you die as a result of an accident
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A lump sum payout if you die from an accident during your qualifying period (only if you die because of your injuries within 30 days of the accident)
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A refund of all payments if you die during the qualifying period not due to an accident
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Where you receive a terminal illness diagnosis two years or more after taking out the policy you can choose to receive half your pay-out; the other half will be paid when you die
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Member benefits of National Friendly including Friendly GP
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What aren't you covered for?
Our policy doesn’t cover:
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The following are not considered causes of accidental death:
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Suicide or intentional self-harm
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Alcohol or drug misuse
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We can't change the premium on your policy once it has started
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If you cancel your policy after 30 days of receiving your policy documents, you will not be entitled to any refund of premiums and the policy has no cash-in value
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The terminal illness benefit can't be used if the policy is put into a trust
Suitable for
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People who want a simple product with a guaranteed pay-out on their death
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People who want the certainty of fixed premiums
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Anyone who doesn't want to answer lots of medical questions
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Not suitable for
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People who require the certainty that their funeral costs are paid for
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If you want a sum that increases with inflation
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Anyone who may want to change the premium or cover on the policy once it has started
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Why buy Over 50s Life Cover with with UK Sure?
At UK Sure, we’re committed to providing affordable, straightforward insurance policies that are easy to take out (you can buy our policies online in minutes).
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With our Over 50s Life Cover, you can relax and live life knowing that your loved ones will receive a lump sum payment if you were to pass away, meaning your family will have fewer worries about their financial security.
The lump sum can be used to help any dependants, such as children or a partner who relies on you financially, assist towards mortgage repayments, or to support your family with funeral expenses.
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Depending on your age, you can be covered up to £34,000. To get cover in place you don’t need to answer any questions about your health, however, you can opt to answer two simple medical questions for the opportunity of a shorter qualifying period, and a discounted payment.
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Policy Documents
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This insurance is arranged by Stubben Edge who is also the policy administrator and is administrated and underwritten by National Friendly.
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Home Emergency Cover FAQs
What is over 50s Life Cover?
Over 50s Life Cover is an over 50s policy that pays out a lump sum in the result of your death. You don’t have to pass a medical exam to qualify for it, which is appealing to some people.
This Over 50s Life Cover is a whole-of-life policy. It will pay out a fixed sum of money, known as the ‘payout’ should you die from:
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accidental death at any time; or
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non-accidental death after the qualifying period of the policy.
If you die from a non-accidental death during the qualifying period, we will pay back any payments you’ve made.
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Am I guaranteed to be accepted?
You’re guaranteed to be accepted as long as you’re:
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A UK resident (this does not include the Channel Islands or the Isle of Man)
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Either a non-smoker aged between 50-80 years old, or a smoker aged between 50-75 years old
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Do I have to answer any medical questions?
You can choose if you would like to answer our two medical questions or not. If you don’t answer them, you will be offered a standard payment, Pay-Out, and a two-year qualifying period. If you do choose to answer them, you might be offered a discounted payment, increased Pay-Out, and a six-month qualifying period.
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What is a friendly GP?
Friendly GP is a virtual GP service which is an added benefit to your policy. The service can be accessed for free over the phone or online 24 hours a day, 7 days a week, and includes:
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24/7 GP telephone consultations
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video consultations
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private prescriptions
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open referrals
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Can I choose how much I pay?
Yes, you can choose the monthly premiums you want to pay but this will affect the amount we will pay out.
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What does accidental death mean?
This is when you die from an accident rather than anything health-related. If you die from an accident during your qualifying period, we’ll still pay out the lump sum. This will only apply if you die because of your injuries within 30 days of the accident.
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How do you define a terminal illness?
A terminal illness (not resulting from an accident) has progressed to a point where it cannot be cured, and in the opinion of your UK-based hospital consultant, it’s expected to lead to death within 12 months.
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Who will receive the money when I die?
You don’t need legal advice to complete a nomination form.
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When you take out a policy, you will be asked who you want it to go to.
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Making a nomination - as the policy is underwritten by National Friendly it is subject to friendly society status, which means you have the opportunity to make a nomination, which will help to make a provision for those you care about upon your death.
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The benefits of using a nomination are:
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You can name nominee(s) to receive up to £5,000 between them, upon your death. The sum can be paid to either one person or split amongst multiple people. Nominees need to be aged 16 or over and registered with us as nominees before your death.
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Arranging probate or letters of administration can take several months, even when there is a will. Using a nomination enables up to £5,000 to be paid to your nominee(s) straight away, even before probate or letters of administration are granted.
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If the value of your policy exceeds £5,000 we may require probate or letters of administration before we release the excess amount. This will not affect the immediate payout of your nomination.
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All we need to pay out the nominated sum is proof of death and our claim form signed by the nominee(s).
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You don’t need legal advice to complete a Nomination Form.
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For more information, you can access and download the nomination forms and supporting guide from our simple-to-use customer journey. Or if you prefer, you can elect to have the documents sent to you in the post.
Placing your policy in trust - Placing your policy benefits in trust enables you to leave money to a specific beneficiary (or beneficiaries) when you die. It may also have benefits for inheritance tax purposes.
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On death, the money is managed by a trustee(s) until the beneficiary is entitled to the money. If you wish to leave money to a child, you can ask the trustee(s) to delay payment until they reach a responsible age.
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At any time you can arrange for this policy to be held in trust for your chosen beneficiaries (the person or people you want the pay-out to go to). Please note if you do this, you won’t be able to claim the terminal illness benefit.
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There is more information on completing a Trust Form in our online customer journey, or you can also have this sent to you via post.
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How will my loved ones get money when I die?
Whoever you nominated to receive the money will need to complete and return a claim form to us together with any additional information we need. Once approved, we will pay the lump sum as quickly as possible.
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