Life insurance
We offer two types of life insurance, level cover and decreasing cover.
Over 50 life insurance
Fixed payments from £3.95 per month
Payments depend on the amount and length of cover, and your personal circumstances.
Over 50 life insurance is offered through Co-op Insurance Services and is provided, underwritten and administered by The Royal London Group.
What is over 50 life insurance?
Over 50 life insurance pays out a lump sum of money when you die to a person of your choice.
Why choose us?
Guaranteed acceptance
Without medical questions if you are a 50 to 80 year old UK resident.
Fixed monthly payments
Get cover from as little as £3.95 a month. Payments depend on the amount and length of cover, and your personal circumstances.
Payout Promise
If you miss a payment once you're more than halfway through your policy, you will still get a payout.
Full cover after two years
You’re covered in full after 24 months of payments.
What do I need to know?
There are a few things to think about when buying an over 50 life insurance policy:
You will pay until the end of your policy
You will pay your monthly premium until the anniversary date of your policy after you turn 95, or your death, whichever comes first.
If you a miss a monthly payment your cover will end
If you miss a monthly payment before you’re more than halfway through your policy, your cover will end and you’ll get nothing back.
But you will still get a payout if you are more than halfway through
Our Payout Promise means that if you’re more than 50% of the way through your policy and miss a payment you will still get half of your payout on death. That's halfway from the start of the policy until your policy anniversary date after you turn 95.
You could pay in more than you receive
Your monthly payments could add up to more than your payout depending on how long you live.
Inflation could impact your payout
Over time inflation will reduce the value of the payout amount.
You are fully covered after two years
If you die within the first two years as the result of an accident we will pay in full. If your death is not as the result of an accident, we will refund the amount you have paid in so far.
You can have multiple policies
You can have multiple policies with Co-op, taken out at different times. The maximum amount of cover across all of your policies is £10,000.
Co-op accepts all 50-80 year old UK residents
Co-op Over 50 Life Insurance is available to UK residents aged between 50 and 80. Our insurance offers guaranteed acceptance meaning you don’t have to answer any medical questions.
Monthly payments are fixed
You get to choose a fixed monthly payment between £3.95 and £100 and you can leave behind up to £10,000. The size of your monthly payment affects the amount that is paid out on death.
Make a claim
Opening hours
Monday 8am - 7pm
Tuesday 8am - 7pm
Wednesday 8am - 7pm
Thursday 8am - 7pm
Friday 8am - 7pm
Saturday 9am - 5pm
Sunday 10am - 4pm
Write
Customer Services, PO Box 697, Royal London House, Macclesfield, SK10 9AL
Next steps
- We’ll send out a claim form, which needs to be filled in and returned to us.
- Once we’ve received the claim form, we may ask for more information.
- After we've received all the information we need we aim to pay claims within 10 working days.
We won’t be able to pay a claim until we’ve received all the information we need.
Documents we may need to see include:
- proof of the policyholder’s death such as the original death certificate
- the original birth certificate of the policyholder
- evidence of a change of name – for example, a marriage or civil partnership certificate
- medical evidence, which may include full medical records.
Policy documents
Frequently asked over 50 life insurance questions
A new customer is someone who has not had an insurance policy of the same type with Co-op Insurance or Co-op Insurance Services in the last 12 months.
^Call charges may apply. Calls may be monitored or recorded for security and training purposes.
Co-op Life Cover and Co-op Over 50 Life Insurance from Co-op Insurance Services is provided, underwritten and administered by The Royal London Group. The Royal London Group consists of The Royal London Mutual Insurance Society Limited and its subsidiaries; registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL. The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under register number 117672. Co-op Insurance Services Limited is not part of The Royal London Group.