*Limited to two per household when your policy has been in force for 3 months.
Tell me more about this offer

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.

Will my family receive help with my funeral?

Funeral benefit option

What are the key features?

Over 50s Life Insurance Policy Summary

PDF document 210kb

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.

Product name Payout Payable Monthly cost stops
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
Payout Payable Monthly cost stops
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

Our comparison is based on a 65 year old paying £20 a month. ‘Payout’ and ‘Payable’ taken from Sun Life Direct and LV= websites on 13/10/2016.
The level of cost and payout is dependant on your individual circumstances. All terms and conditions vary.

What you need to know

  • Premiums start at £5 a month depending on your age and stay fixed throughout the policy.
  • Even though you’re covered for life, you won’t need to make further payments after your 90th brithday.
  • If you die from natural causes within the first year we’ll refund any premiums paid, unless you die as the result of an accident, where we’ll pay your cash sum.
  • A claim can be made after one year, regardless of the cause of death.
  • 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.
  • Unlike a savings or investment product, your policy has no cash value unless a valid claim is made.
  • Inflation will reduce the buying power of your cash sum in the future.

M&S gift card terms & conditions

Customers who have 1 or more insurance policies with Direct Line qualify for £75 gift card.

New customers to Direct Line qualify for £50 M&S gift card.

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.