What is Over 50s life insurance?
Our life insurance, provided by Legal & General, is designed to pay out a cash sum payment when you die, providing you’ve had the policy for more than a year. This could be used to help your loved ones with everyday bills, contribute towards funeral costs or be a gift for grandchildren. If you wish, your policy can also be put in to a trust.
If you’re between 50 and 80 years old, you can take out life insurance with us from £5 depending on your age, without the need of medical or health assessments.
How do we compare?
To help you see how we measure up, we compared our Over 50s Life Insurance to other companies. Although the actual features of each product may vary, you can see that Direct Line pays out more for the same monthly costs.
|Direct Line Over 50s Life Insurance||£3,776||After 1 year||Age 90|
|LV = 50 Plus Plan||£3,571||After 1 year||Age 90|
|Sun Life Direct Guaranteed Over 50 Plan||£3,710||After 2 years||Premiums paid for life|
|Direct Line Over 50s Life Insurance|
|£3,776||After 1 year||Age 90|
|LV = 50 Plus Plan|
|£3,571||After 1 year||Age 90|
|Sun Life Direct Guaranteed Over 50 Plan|
|£3,710||After 2 years||Premiums paid for life|
M&S gift card terms & conditions
Eligible for a gift three months after the policy start date, provided you haven’t cancelled your policy. No cash alternative provided. Allow 30 days for delivery. One gift card per policy sold, limited to two per household. Promoter: Legal & General, Knox Court, 10 Fitzalan Place, Cardiff CF24 0TL.
Things you need to know about Over 50s life insurance:
Premiums stop after your 90th birthday but you still enjoy cover for the rest of your life. In the first year, if you die from natural causes we will refund any premiums, or if you die as a result of an accident, we will pay your cash sum. After the first year regardless of the cause of death we will pay your cash sum. Depending on how long you live, the total sum paid in premiums may be more than the cash sum payable on death. If you stop paying your premiums before the end of your policy your cover will stop 30 days after your missed premium and you won’t get anything back. This isn’t a savings or investment product and has no cash value unless a valid claim is made. Inflation will reduce the buying power of your cash sum in the future.