Over 50s Life Insurance designed with your plans in mind
If, like thousands of our customers, you want to leave a meaningful gift for your loved ones, Unity Mutual’s Over 50s Life Insurance is available to anyone aged 50 to 80 who’s ready to take a positive step toward the future.
We created this plan with accessibility in mind, there are no medical exams or health questions, just a simple way to help ensure your wishes are taken care of.
Many people use Over 50s Life Insurance to help towards funeral costs, easing the burden on their loved ones. If you’ve already made those arrangements, you might choose to leave it as a gift instead. Either way, having a savings pot ready can offer comfort and reassurance for when the time comes.
It’s simple: just choose a monthly premium that works for you, answer a few quick questions, and we’ll let you know the payout amount you can expect.
There are no medical exams or detailed health questions - just your age and whether you smoke. As long as you keep up with your monthly premiums, you’ll be covered for life.
And if your circumstances change, we’re only a phone call away to help you adjust your plan. That’s Over 50s Life Insurance, made easy.
At a glance
Fully insured after 12 months and immediate accidental death cover for the first 12 months
Flexibility to reduce your monthly premiums
Life cover that continues even after your premiums stop at age 90
100% claims protection through the Financial Services Compensation Scheme (FSCS)
Please review the document below to confirm that our Over 50s Life Insurance is suitable for you.
Your cover begins as soon as your completed application for Over 50s Life Insurance is processed. If you apply online, you’ll receive your policy documents by email immediately.
However, because we don’t ask any medical questions, there is a 12-month qualifying period.
During this time:
- If you die from an accident, we will pay the full cover amount.
- If your death is from other causes within the first year, we will pay 100% of the premiums you have paid so far.
After the 12-month period, full life cover applies regardless of the cause of death, as long as your premiums are up to date.
You should choose a monthly premium you can afford, but if your circumstances change and you can no longer pay, please contact us. We may be able to help by reducing your premium or making your policy paid-up, allowing you to still receive a payout on death (terms and conditions apply).
If you want to increase your cover, you can take out additional policies with us. However, the combined total coverage of all your Over 50s Life Insurance policies cannot exceed £10,000, and your total monthly premiums cannot exceed £100. Any new policy applications must meet the eligibility requirements at the time of application.
The payout on your death is free from UK Income Tax and Capital Gains Tax. However, it may be considered part of your estate and could be subject to Inheritance Tax. We cannot provide tax advice, so if you’re unsure about your tax position, please consult a professional. Please note that tax rules may change in the future.
No, like other life insurance products, this policy has no cash value at any time. As long as you continue paying your monthly premiums, it will pay out only upon death.
You pay premiums until age 90, after which they stop, but your coverage will continue for life.
No, your premium and life cover amount are fixed from the start and remain the same until age 90. However, costs you may use your life cover for, such as funeral expenses, can rise with inflation, which means the pay-out's real value may decrease over time.
It’s a good idea to review your coverage from time to time to ensure it continues to meet your needs.
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