How much does
Over 50s cost?
When you’re thinking about buying Over 50 Life Insurance, it’s likely the first thing you’ll consider is cost – how much will it cost you and how much you'll want to leave.
To help you get a better idea of how our Over 50s Fixed Life Insurance could work for you, we’ve created some examples below to show what a plan might pay out under different circumstances.
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But first, here are some of the factors to consider when you take out a plan:
Full information can be found in our Policy Summary (PDF:121KB) and the Policy Terms and Conditions (PDF:110KB).
The final thing to bear in mind is that, depending on how long you live after taking out your policy, total premiums paid may be more than the cash sum that's paid out when you die.
Take a look at some examples below:
Figures are correct as at 22 January 2025. These illustrations are examples. Quotes take account of each customers individual circumstances.
Paul wants to leave a sum of money as a gift to his loved ones after he passes away.
| Paul's age taking out the policy | 73 |
| Chosen monthly premium | £25 |
| Tobacco, e-cigarette or nicotine replacement use in past 12 months | None |
| Cash sum on death* | £3,066 |
*The full cash sum is payable after one year of starting the plan.
How much might the plan cost Paul?
| Age at death | 78 |
| Total premiums paid over 6 years | £1,800 |
| Total cash sum paid out on death | £3,066 |
Jack has a sum of money in mind that he'd like to leave and has decided that the premium is affordable for him.
| Jack's age taking out the policy | 55 |
| Chosen monthly premium | £34 |
| Tobacco, e-cigarette or nicotine replacement use in past 12 months | None |
| Cash sum on death* | £9,103 |
*The full cash sum is payable after one year of starting the plan.
How much might the plan cost Jack?
| Age at death | 75 |
| Total premiums paid over 20 years | £8,160 |
| Total cash sum paid out on death | £9,103 |
Wendy would like to leave a sum of money to help pay for her funeral.
| Wendy's age taking out the policy | 70 |
| Chosen monthly premium | £20 |
| Tobacco, e-cigarette or nicotine replacement use in past 12 months | Regular smoker |
| Cash sum on death* | £1,727 |
*The full cash sum is payable after one year of starting the plan.
How much might the plan cost Wendy?
| Age at death | 80 |
| Total premiums paid over 10 years | £2,400 |
| Total cash sum paid out on death | £1,727 |
Shaleen would like to leave £1,000 for each of her three children when she passes away.
| Shaleen's age taking out the policy | 65 |
| Chosen monthly premium | £27 |
| Tobacco, e-cigarette or nicotine replacement use in past 12 months | Occassional |
| Cash sum on death* | £3,157 |
*The full cash sum is payable after one year of starting the plan.
How much might the plan cost Shaleen?
| Age at death | 73 |
| Total premiums paid over 8 years | £2,592 |
| Total cash sum paid out on death | £3,157 |
Find out more about our Over 50s Fixed Life Insurance
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