Reasons to choose
Terminal illness cover
If you are diagnosed with a terminal illness the full amount of cover could be paid out early when life expectancy is less than a year.
97% of life claims paid
With over 97% of claims approved in 2025, you can trust that your family will be supported when it matters most.
From £5 a month
You pay a fixed amount each month and providing you do not make any changes to your policy this will never increase.
Payment holiday
If you are struggling to pay you can take a 3 month payment break after the first year. After this break any arrears need to be repaid and other criteria apply.
Critical illness cover add on
For an extra cost, you can be covered for specified critical illnesses such as heart attacks, strokes and some cancers with critical illness cover.
5 Star Defaqto rated cover
Defaqto is one of the UK’s most trusted sources of financial product and market intelligence. It has given this cover 5 stars, which is the highest rating possible.
Awards and ratings
Co-op Insurance won the Customer Experience Award at the 2025 British Insurance Awards. This event celebrates excellence in the insurance industry.
Defaqto is one of the most trusted sources of financial product intelligence. It has given this cover 5 Stars, which is the highest rating possible.
Moneyfacts award the best insurers in the UK. Consumers have chosen our partner, L&G, as the Life Insurance Provider of the Year (Direct) 9 times.
What is life insurance?
Life insurance gives money to your loved ones if you die while covered by the policy. If you're diagnosed with a terminal illness with a life expectancy of a year or less, it could pay out early. It's all about giving financial help to you and your family if something bad happens.
This type of insurance is called 'term' life insurance. You pay for the duration of the policy, usually 10 to 30 years. The payout can go to your partner, children, or anyone you choose to support. The money can help pay off a mortgage, cover debts, pay for a funeral, or support your family financially.
Eligibility
You are eligible for life cover if you are:
- at least 18 years of age
- currently living in the UK and have spent at least 6 months (183 days) in the UK in the last tax year
Do I need life insurance or over 50 life insurance?
If you are over 50, you might think over 50 life insurance is your only choice. But life insurance is another option.
The main difference is how long the cover lasts. Life insurance runs for a set number of years and usually covers a larger amount. It can help with big costs like paying off a mortgage. Over 50 insurance lasts for the rest of your life and is often used to leave a small gift or help with funeral costs.
You could choose one or even have both. The right choice depends on what matters most to you.
Life insurance member offers
5% discount on life insurance
Just enter your Co-op Membership Number when you get a life insurance quote.
Offer may be withdrawn at any time for new policies.
Not a Co-op Member?
Join for just £1. Pay once and stay a member for life. As well as a lower price on life insurance you will get:
What's included
These are the things we think you may need to know. For more information, please see the policy booklet and check if it meets your needs.
Cash lump sum
up to £10 million
You can choose how much cover you need and how long you need it for. It could be used to leave money for loved ones or help repay the mortgage if you were to die. Your fixed monthly cost will never change unless you make changes to the policy.
Terminal illness cover
included as standard for policies with a minimum term of 2 years
If you're diagnosed with a terminal illness with a life expectancy of a year or less, it could pay out early. This needs to be confirmed by your hospital consultant and a qualified doctor employed by L&G.
Funeral advance
up to £10,000
This gives an initial payment to a funeral home for funeral expenses if a claim is accepted. This helps when there are delays such as waiting for probate documents.
Payment holiday
up to 3 months
If you are struggling to pay after a year's cover, provided it has been agreed beforehand and you make the payments back when agreed your policy will stay in place.
Single or joint policy
up to 2 people
Cover can be for 1 person or for 2. If the first person passes away while the policy is active, in the event of a valid claim it pays out and the cover ends. After this, the second person isn't covered.
Free wills and estate planning review
Get a free wills and estate planning review from Co-op Legal Services. You’ll get peace of mind knowing that you and your loved ones are protected, whatever the future holds.
An expert will assess any existing plans and suggest ways to better safeguard your home and savings for your loved ones.
You can get this offer if you buy a new term life or over 50 life insurance policy from Co-op and live in England or Wales. Terms and conditions apply.
Policy documents
Your policy documents contain information about the features, exclusions and limitations of our life insurance policies.
Key things to know
this is not a savings or investment product and has no cash value unless a valid claim is made.
if you miss payments when they're due, your plan will stop and you will not get any money back.
cover will not apply if your death results from suicide, intentional and severe self-injury, or an event where, in the reasonable judgment of the insurer, you intentionally ended your own life within the first year.
if your life insurance is to cover your mortgage, your policy may not completely pay off your outstanding mortgage unless you make sure your amount of cover is adjusted to match any new arrangements.
if you take out decreasing life insurance check that the interest rate on your mortgage does not become higher than the rate applied to the policy. You can find more details about the policy's features, exclusions, and limitations in the policy documents.
you will not be covered if your terminal illness does not meet L&G's definition. See the policy booklet for more information.
Life Insurance from Co-op is offered through Co-op Insurance Services and is underwritten and administered by L&G (Legal & General Assurance Society Limited).
Calls are charged at local rates from landline and mobiles. If your phone has inclusive minutes these calls are normally included.
Applicants for insurance are subject to normal underwriting criteria.
Co-op Insurance Services Limited will receive a percentage commission from your insurance payments.