Over 50s Life Insurance

Over 50s Life Insurance lets you leave a fixed lump sum to your loved ones when you die. It provides guaranteed life cover and is available to UK residents aged 50 to 80 years inclusive. 

The policy can only cover you, and the amount of cover you'll get depends on your age and the amount you pay. When you apply there are no health checks and Aviva won't ask any questions about your lifestyle.

If you’re a UK resident aged 50 to 80 years old, you’re guaranteed to be able to get Over 50s Life Insurance. There’ll be no medical, no health questions, and your cover will start as soon as we’ve put your application through.

The Over 50s Life Insurance policy has the option to select either the amount of cover required or the monthly premium you would like to pay.

Depending on how long you’ve had the policy, the amount paid out on death may be less than the amount you’ve paid in premiums.

You can take out more than one policy, as long as your monthly premium across all of your Aviva Over 50s Life Insurance policies taken out with Santander, are not more than £100 in total.

You can leave your guaranteed lump sum to your loved ones when you die. 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.

•  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.
• The policy has no cash in value at any time.