Key comparison points

• The biggest – Sun Life sell more Over 50s Plans than any other provider in the UK
• The most affordable – at £3.70 Sun Life have the lowest starting premium
• High cover levels – their maximum level of Over 50 Life Cover is £18,000 most providers only offer £10,000
• Quick cover – you are covered after just 12 payments
• No medical questions – they give smokers and non-smokers the same cover for the same price
• Great gift – £125 gift after you have made three payments
• Stop paying earlier – option to stop paying after a set number of years
• Long grace period – you can stop paying for up to six months and still reinstate your cover
• Reduce cover – you can reduce your premiums if you ever find them too expensive
• £300 Funeral Benefit Option

Our Opinion

The SunLife Over 50 Life policy has pretty standard features, competitively priced for non-smokers and well priced for smokers.  Cover levels stretch to £18,000 which is more than most other providers.  If you think you will live beyond 90 years old then you might be better off choosing their premium cap option which is a bit more expensive or you could pick another provider where premiums typically stop at age 90.

Best in class for customer service and 100% payout on claims is guaranteed by SunLife.

Which SunLife product to choose ?

Sun Life has two Over 50s Plans.  The key difference between the two plans is that one you have to pay until you die whereas the other one you pay for a set period but pay slightly more each month for the same level of cover. SunLife allows you to stop paying earlier than any other provider.  When you stop paying depends on how old you are when you take out the plan.  For example, if you are 50 when you take out the plan then you stop paying at age 80 so 30 years of payments; if you take out a plan at age 80 then you stop paying at age 88 so 8 years of payments. The extra you pay each month for this option means that for non-smokers you may be better off looking for cover with another provider that gives different prices for non-smokers and whose premiums stop at age 90 as standard.  If you are a smoker then the extra you pay will mean that SunLife may still be very competitive and depending on the age you take out the cover you could stop paying significantly earlier than with other plans. If you want to see how SunLife products compare then check out of comparison page.

Looking for a payout that is guaranteed to cover your funeral ?

If you are looking for insurance that is guaranteed to pay out enough to cover your funeral then you may be better off looking at a funeral plan rather than Over 50 Life Insurance.  Funeral Plans will typically guarantee to cover the cost of your funeral in exchange for either a lump sum of money or a monthly payment which is paid until you are 90 years old. Check out our guide to funeral plans if you are unsure which you are looking for.

We always recommend you read the small print before you buy, SunLife’s Over 50 Life Insurance Terms & Conditions.