Over 50s

Over 50s Life Insurance

Provide your loved ones with a fixed lump sum upon death, which could be used to help towards funeral costs. Provided, administered and underwritten by Aviva Life & Pensions UK Limited

If you’re aged between 50 and 80, this policy could help provide your family or loved ones with a fixed lump sum upon death, which could be used to help towards funeral costs. 

Cashback offer

Getting a little back

New Santander Life insurance customers​

Get £100 cashback when you take out a new life insurance policy

New and existing Santander mortgage, Private Banking, Select, Edge and Edge Up customers​

Get £150 cashback if you’re a mortgage, Edge or Edge Up customer and take out a new life insurance policy

We'll pay cashback once per customer. For qualifying joint life protection policies we'll pay it to the first named policyholder. This offer can be withdrawn at any time. See full cashback terms and conditions

Already have a policy? Take a look at our support page

Chance to win £5,000

For Santander Edge and Edge Up current account customers

New and existing Santander Edge/Edge Up current account customers
NEW prize draw to win £5,000 when taking out a new Santander life insurance policy between 1 July and 31 October 2024.

  See full terms and conditions 

Over 50s Life Insurance

  • The policy can only cover you (single person) and you can choose how much cover you need, or how much you wish to pay on a monthly basis.
  • There’ll be no medical or health questions, and your cover will start as soon as we’ve processed your application.
  • You can take out more than one policy, as long as your monthly premiums across all of your Aviva Over 50s Life Insurance policies taken out with Santander, are not more than £100 in total.
  • If you die in the first year as the result of an accident, the policy will pay out the lump sum. If you die from any other cause in the first year, the policy will pay out an amount equal to the premiums paid. If you die after the first year the policy will pay out the guaranteed lump sum.
  • The cover remains in place until death. 

Applying for an insurance product online or over the phone is a non-advised service. If you need to speak to someone for help and support with your application, please call us on 0800 085 0540. For advice on our products, you can book an appointment with a branch adviser by using our online appointment booker 


Things to consider


  • If you don't pay your premiums during the premium term, your policy and your cover will end 60 days after your last payment was due and you won't get any money back.
  • The lump sum paid is fixed, so inflation will reduce what it can buy in the future. You should review your cover to ensure that it remains adequate over time.
  • Depending on how long you have the policy for, the amount paid out on your death may be less than the total amount you've paid in premiums.


Existing customers in financial difficulty


If you have a Santander life insurance policy underwritten by Aviva and you’re experiencing short-term financial difficulty, you may be able to get help with your monthly payments. Please get in touch with Aviva on 0800 141 3430. Lines are open 8am-6pm, Monday to Friday.


Using a trust could prove tax-efficient

You can put your life insurance policy in trust. Doing this will:

  • allow the proceeds to be paid to the intended beneficiaries
  • minimise delays that might cause financial difficulties
  • make sure the proceeds do not form part of the estate for inheritance tax purposes.

If you're unsure on whether you should put your policy in trust you should seek specialist legal advice. Tax rules may change in the future.

See our forms below for more information.

Aviva Guide to Protection Trust

Aviva Survivor Trust Form

Aviva Discretionary Gift Trust Form

The Financial Conduct Authority and the Prudential Regulatory Authority do not regulate taxation and trust advice.

Over 50s Life Insurance has no cash-in value at any time, and exclusions and limitations will apply. For full details, please read the policy summary and policy conditions. Please make sure you read all the information provided before getting a quote.