Guaranteed Over 50s Life Insurance

Provided by a five-time award winning Best Mutual Insurer at the 2023 awards.

Enjoy cover with extra throttle, fixed premiums that never climb and guaranteed acceptance.

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Our Over 50s life insurance has no tricky medical questions to answer and acceptance is guaranteed. You just need to be between 50 and 74 and a UK resident.

23p a day

Our cover is budget-friendly, too. Starting from just 23p a day for a 50-year-old, non-smoker with £2,000 cover. 

cash benefit

Guaranteed cash benefit after 2 years and immediate cover for accidental death. Exclusions apply.

What is Over 50s Life Insurance?

Having Over 50s Life Insurance might be the most important thing you can do to help protect the ones you love.

When you die, your policy could provide money for those you leave behind. That could mean less strain on your family’s finances and less worry for them at an already difficult time.  

Setting up your My Mutual Guaranteed Over 50s Life Insurance plan is quick and easy online, so you can get back to enjoying life knowing your cover is in place. Plus, once you're covered, your monthly premiums will never go up. You'll have some reassurance knowing your fixed premiums will remain the same. 

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How our Over 50s Life Insurance works

It’s straightforward. 

You just need to pick a cover amount (the amount that we’ll pay out) from £2,000 up to £20,000. You'll be fully covered after 2 years if you keep up your payments. And you’ll have some peace of mind knowing that your loved ones could receive a payment to help towards costs, like funeral expenses or outstanding bills.  

Your policy also includes immediate accidental death cover, so your full pay-out could be made if you die in an accident within the first 2 years. Exclusions apply.

How much will my Over 50s Life Insurance Plan cost?

It could cost less than you think for the cover you want. 

Premiums are based on your current age, whether you smoke and the lump sum amount you choose, starting from just 23p a day (quote based on 50-year-old, non-smoker with £2,000 cover).


What’s different about Scottish Friendly’s Guaranteed Over 50s plan?

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My Rewards

When you sign up for our Guaranteed Over 50s Life Insurance Plan and make 6 premium payments, you’ll get a £100 My Rewards gift voucher to redeem at lots of your favourite UK retailers.

It’s our way of saying ‘thanks’.

No cash alternative is available, and we reserve the right to alter, cancel or withdraw the offer at any time. Read the full terms and conditions.

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You could reach your full payout early

What’s more, a proportion of your monthly premium participates in our With-Profits fund, which could allow you to reach your full payout early - if there's growth in the fund.

We'll notify you if you can stop paying a little before your 90th birthday, safe in the knowledge that your cover is fully secure.

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Need to stop paying? You can still keep some cover

With us, if you need to stop paying your premiums after a minimum of already paying into your plan for 5 years, your loved ones will still receive a proportion of your cover amount when you pass away.

This feature ensures you still keep some cover - even if you can't continue making payments. The amount they receive is based on what you've paid into your plan and how long it is until your 90th birthday.

Things to consider

The total paid in premiums could be more than the cash-pay out (depending on how long you live).

This is not a savings or investment product and has no cash in value at any time.

Over 50s Life Insurance plans are not designed to meet the full costs of a funeral and do not guarantee to do so.

As the cash sum is fixed, inflation will reduce it's buying power over time.

The cover amount is fixed, so it's real-life value will go down over time because of inflation. This means it’s important to review your cover regularly.

In the event of your death the policy will be included as part of your Estate, which may be subject to Inheritance Tax.


Get a quote and get covered

Complete the short form and get an instant quote. Please make sure you’ve read the Key Facts and Terms & Conditions document for the My Mutual Guaranteed Over 50s Plan before applying. Your acceptance is guaranteed if you’re a UK resident aged 50-74. Full cover after 2 years.

Date of birth* (You must be aged between 50 and 74)
Have you used any tobacco, e-cigarettes, vaping or nicotine replacement products within the last 12 months?*

Scottish Friendly doesn’t provide advice. The information provided should help you decide if the plan is suitable for you and your family. If you’re not sure whether this plan is suitable, you should contact a professional adviser for advice. Advisers may charge for providing such advice and should confirm any cost beforehand.


Below you'll find answers to some questions about our Over 50s Life Insurance.