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My Mutual Guaranteed Over 50s Plan

A new approach to Over 50s plans with more benefits for you! My Mutual Guaranteed Over 50s Plan is a life protection policy for UK residents aged 50-74 that provides your loved ones with a fixed cash sum after you die.

The great benefits you’d expect…

Guaranteed acceptance - Other than your smoker status, you won’t be asked any medical questions

Affordable cover - Premiums start from just £7 a month depending on your age

Fixed monthly cost - Choose the level of cover you need from £2,000 to £20,000 for a fixed price

Guaranteed Cash Benefit after 2 years - Immediate cover for Accidental Death

And then there is the Scottish Friendly difference...


You might be able to stop paying early

Most Over 50s plans have a fixed end date e.g. age 90/95. Our new approach means that some of your premium participates in the Scottish Friendly With-Profits fund, meaning growth in the fund could result in us letting you know you can stop paying before age 90 safe in the knowledge that your cover is fully secure.


You can still get some cover even if you can’t pay all your premiums

Similarly, with most other plans, if you can no longer afford to pay your monthly premium, your loved ones won’t get anything back when you pass away. With Scottish Friendly, if you’ve paid a minimum of 5 years’ worth of premiums, they’ll get a proportion of your cover amount back (based on what you’ve already paid and how long until your 90th birthday).

My Mutual Guaranteed Over 50s Plan at a glance

Scottish Friendly’s My Mutual Guaranteed Over 50s Plan is a life protection policy. You’re fully covered after two years and provided you make your monthly payments, then the cash payout you've chosen is paid when you die. Within the first two years, your full payout is made on accidental death, otherwise your next of kin will receive a return of the premiums you’ve paid.

Your acceptance is guaranteed if you are a UK resident aged between 50 and 74. We won’t ask you any health questions, all we need to know is if you are a smoker or not.

What you need to consider

  • The total paid in premiums could be more than the cash payout (depending on how long you live).
  • This is not a savings or investment product and has no cash in value at any time.
  • Inflation reduces buying power over time.
  • In the event of your death the policy will be included as part of your Estate, which may be subject to Inheritance Tax.

Ready to get a quote?

It takes around five minutes to get started- you just need to have your bank account details to hand. Please make sure you’ve read the Key Facts and Terms and Conditions document for the My Mutual Guaranteed Over 50s Plan before you apply.

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