What are we over?

Gimmicks, medical checks or filling out extremely loooong forms.

We’ll tell you what we are on board with, though. Simple, honest financial products that last a lifetime and put us – and our unique goals – first. This is our time – a time to put some plans in motion.

Why Choose Over 50s Life Insurance with Unity Mutual?

If, like thousands of our customers, you’re keen to secure a gift for those you love when you’re no longer here, Over 50s Life Insurance from Unity Mutual is made for you: for anyone between 50 and 80 who is more than ready for new beginnings. 

Our top priority with creating our very own Over 50s Life Insurance was making it accessible. There’s no medical checks, no history required and we promise to do our very best to offer a plan that suits you and your wishes.

It’s not everyone’s subject of choice – talking about making plans for when you die. That’s why we’ve made our Over 50s Life Insurance as quick and easy as possible. No gimmicks, no fuss – just making sure that when the time comes (hopefully a long time from now), the people you love are taken care of – so you can focus on being in the moment, right now.

Many people choose to use an Over 50 Life Insurance to put towards funeral costs, so their loved ones don’t have to. If you’ve already got this in order, you might choose to just have it as a gift to those you love when you’re gone. Either way, having a little nest egg set aside can put your mind at ease.

How Does it Work?

It's pretty simple, figure out what monthly premium you can afford, answer a few quick questions, and we'll let you know what kind of payout you'll be looking at. There's no health questions or medical exams - just whether you're a smoker and your age! As long as you're covering your monthly premiums, you'll be covered for life. If your circumstances change and you want to chat about changing your monthly premiums, we're just a quick call away to work this out for you. And that's Over 50s Life Insurance made simple. 

Keen to Hear More?

It all starts now. Contact our team to learn more. Give us a call on 0161 214 4628 or email sales@unitymutual.co.uk


At a Glance:

Lasting the rest of your life – providing you keep paying your premiums – our Over 50s Life Insurance is designed with your plans in mind. Choose life insurance with us and look forward to:

  • Life cover; when you turn 90 your premiums stop, but your cover continues
  • Affordable, fixed premiums – from just £5 per month
  • Guaranteed acceptance and no medical examination or health questions
  • Protected payout if you need to stop paying into your life insurance**
  • Flexibility to reduce your monthly premiums in the future
  • Fully insured after 12 months and immediate accidental death cover for the first 12 months
  • 100% claims protection through the Financial Services Compensation Scheme (FSCS)
  • No gimmicks – just great, affordable life cover.

  • Details
  • FAQs

Please read through these documents to make sure our Over 50s Life Insurance is right for you.

Q.1 What Over 50s Life Insurance?

Our Over 50s Life Insurance is a whole of life Policy taken out by people aged 50-80 that want to leave a fixed lump sum to their loved ones either as a gift or to help to pay toward their funeral expenses.

Q.2 What is difference between Over 50s Life Insurance and term life assurance?

The main difference of Over 50s plans compared to typical life assurance plans is that it’s a whole of life policy. Unlike term life insurance that is taken out for a specific length of time i.e. to cover a mortgage, whole of life insurance means provided you pay your premiums you are covered for the rest of your life.

Q.3 How much does it cost?

Premiums start from as little as £5 per month up to £100 per month. Once you have chosen the amount you want to pay, this premium will never increase. Premiums are dependent on the cover amount limits, the maximum cover amount per Policy is £10,000 and the minimum is £1,000. If the premium amount selected takes you over or under these limits, we will give you the closet one that is available.

Q.4 Am I eligible for Over 50s Life Insurance?

Acceptance for Over 50s Life Cover is guaranteed with Unity Mutual. You don’t need to answer any medical questions or take a medical examination. Cover is available to any UK resident between the age of 50 and 80 years old.

Q.5 Do I need a medical exam to take out Over 50s Life Cover?

No. You are guaranteed to be accepted on the Policy as long as you’re aged between 50 and 80 years. The only question we’ll ask about your lifestyle is whether or not you smoke.

Q.6 How do you compare with other providers?

We have compared ourselves against four of the leading Over 50s providers. The table below is an example of a 60 year old, non-smoker paying £20 a month. All information is correct as of 28 September 2022. This table is designed to compare levels of cover that may be available. It is not a comprehensive comparison of all product benefits.


Non-smoker aged 60 paying £20 per month as at 28/06/2023


Cover amount

Premiums payable until

Flexibility to reduce premiums

Protected cover amount

Unity Mutual


Age 90



Legal & General


Age 90





Age 90 or 30 years (whichever is sooner)








British Seniors


Age 95



Post Office


Age 95





Age 95



*Paying £20.38 per month



Q.7 How is the cover amount calculated?

The cost of your life cover is based on your age at the time of applying, whether you smoke, how much you want to pay or how much cover you need.

Q.8 Do you charge different rates for smokers?

We have smoker rates and non-smoker rates. Because of the associated risks with smoking, we offer higher cover amounts for those that do not smoke.

Q.9 What is classed a smoker?

A smoker is anyone who has used tobacco products in the last 12 months. This means if you have used any of the following:

  • Tobacco use includes smoking cigarettes, smoking a pipe or chewing tobacco
  • Nicotine replacement products includes patches, chewing gum, lozenges and sprays
  • E-cigarettes includes all vaping products.
Q.10 How much is a funeral?

The price of a funeral can vary enormously. It all depends on the options that you choose and your location. The cost for a basic funeral 4,383 (for a burial) and £3,290 for a cremation, on average, according to the Money Helper site. You might also want to factor in ‘extras’, such as a headstone, flowers, and catering options for the wake.  

Q.11 When does my cover start?

As soon as your completed application for our Over 50s Life Insurance has been processed, your cover will start immediately. If you apply online, you should get your Policy Documents via email straight away.

Q.12 Will I be covered straight away?

With this type of plan, because we don’t ask you any medical questions we have a 12 month Qualifying Period. This means, if you die from an accident in the first year, we will pay the full cover amount. However, if your death was not accidental, the amount we would pay out after your death would be 100% of the premiums paid to date. After the first 12 month, we will pay out your full life cover amount, regardless of the cause of death (provided you pay your premiums).

Q.13 What happens if I can no longer afford to pay my monthly premiums?

When selecting a premium you should choose a monthly premium, you can afford. However, we understand that we do not always know what is around the corner. If you think you can no longer afford your life cover, please call us to discuss how we can help. You may be able to reduce your monthly premium or even make your Policy paid-up and still receive a pay-out on death (T&Cs apply).

Q.14 Can I increase my cover?

You can increase your cover by taking out additional Policies with us. The total life cover amount of all your Over 50s Life Insurance policies combined cannot exceed £10,000 and the total amount of monthly premiums you pay cannot exceed £100 per month. If you take out an additional Policy, you must meet the eligibility requirements of the Over 50s Life Insurance at the time of application.

Q.15 Will my Over 50s Life Insurance pay-out be taxed?

The amount we pay out on your death will be free from UK Income Tax and Capital Gains Tax. However, it may form part of your estate when you die – so inheritance tax may have to be paid on this. We are unable to give any advice, if you are unsure of your tax position you should seek professional advice. Please note that tax rules may change in the future.

Q.16 Can I cash in my Policy?

No, as per any other life insurance product. The Policy has no cash in value at any time. Providing you continue to pay your monthly premiums, it will pay out on death only.

Q.17 How long do I pay my monthly premiums for?

You pay your premiums until age 90 when they stop, but your cover will continue for the rest of your life.

Q.18 Will my premiums increase?

No, you’re premium and your life cover amount is fixed from the start so it’s the same price you pay up to age 90. However, the price of things you may wish to use your life cover for – such as the cost of a funeral – may increase with the cost of inflation. This means that the value of the amount we will pay out will be worth less as time goes on. You may want to review your cover from time to time to make sure it still meets your needs.

Q.19 Can I reduce my monthly premiums?

Once you have paid your first premium, it may be possible to reduce your premium (minimum premium limits applies). This will reduce your cover amount. T&Cs apply.

Q.20 What is the protected cover amount?

If you have to stop or cancel your Policy, providing you have paid the half the expected premiums between the start of your cover and your 90th Birthday, we guarantee to still pay out on your death. The revised cover amount will reflect the premiums paid in. T&Cs apply.

If you need financial advice

If you’re in any doubt about whether this product is right for you, it’s a good idea to talk to an Independent Financial Advisor (IFA). You can find a local financial advisor by visiting  www.unbiased.co.uk. You may need to pay for a financial advisor’s help, so make sure you ask them about their fees first.

Ready to Get your Quote?

If you’ve read through everything and you’re happy with our Over 50s Life Insurance, tell us a little more about you and we'll get started on your quote.

Get Your Quote

*Terms and conditions apply

**Protected cover amount. If you need to stop paying for your Policy for any reason, we guarantee that your family can still claim at least half your cover amount, providing you have paid in half the expected premiums between the start of your cover and your 90th Birthday. The revised cover amount will reflect half of the premiums paid in.