Provided, administered and underwritten by Aviva Life & Pensions UK Limited. Exclusions and limitations apply.
Life insurance cashback offer
Getting a little back
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What is over 50s life insurance?
It’s a type of insurance policy designed for people aged 50 and over. The policy can only cover you (single person). You can choose how much cover you need, or how much you’d like to pay each month.
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 us are not more than £100 in total.
- If you die in the first year due to 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.
If you’re not 50 or over, you may want to check out the other types of life insurance we offer.
The benefits of over 50s life insurance
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.
Thinking of taking out an Over 50s policy to help towards your funeral costs? Don’t get stuck on numbers. Try out the funeral cost estimator
Applying for an insurance product online or over the phone is a non-advised service. If you need to speak to someone for help with your application, call us on 0800 085 0540.
For advice on our products, you can book an appointment with a branch adviser using our online appointment booker
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. Get in touch with Aviva on 0800 141 3430. Lines are open 8am-6pm, Monday to Friday.
Key documents
- Over 50s Life Insurance Policy Summary
- Over 50s Life Insurance Policy Conditions
- £100/£150 cashback terms and conditions live from 1st August 2023 (PDF - 251 KB)
- Our Terms Of Business (PDF - 469 KB)
To view these documents, you may need to download Adobe Reader
Using a trust could prove tax-efficient
You can put your life insurance policy in trust. Doing this will:
- let the proceeds be paid to the intended beneficiaries
- shorten delays that might cause financial difficulties
- make sure the proceeds don’t form part of the estate for inheritance tax purposes.
If you're not sure whether to put you policy in a trust, then get advice from a legal specialist. Tax rules may change in the future.
See our forms below for more information.
Aviva Guide to Protection Trust
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 document. Make sure you read all the information before getting a quote.
Santander will be paid commission from Aviva for any life or critical illness insurance that you purchase and this commission will be included in your premium. Santander also receives an annual amount from Aviva towards marketing activities, which can be used from time to time for promotional offers such as cashback, vouchers or discounts. If you came from a third-party website and you take out a life policy, Santander will make a payment to the website you found us on.