Guaranteed Over 50s Life

Over 50s life cover is a type of life insurance for your clients aged over 50. When you recommend our Over Fifties Life Plan, you know you’ll be giving your clients the financial support to leave a small legacy for their loved ones, to help cover funeral costs and to pay off any debts. With premiums starting from £5 a month, AIG’s Over Fifties Life Plan is an affordable way to give them the cover that’s right for them.

Guaranteed Over Fifties Life Plan calculator

This price calculator is a simple and easy way for you to quickly calculate your client’s monthly premium. Just adjust the three options to see their sum assured.

Guaranteed Over Fifties Life Plan calculator

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Why recommend AIG's Over Fifties Life Plan

There are lots of personal and financial reasons why your client may benefit from our cover. But, of course, we understand your needs too, so we’ve made it easier for you to recommend.

  • Guaranteed acceptance: Your clients will be signed up in minutes; there's no need to answer lengthy medical questions. If they’re aged between 50 and 85*, we guarantee to give them cover.
  • Protected benefit: With our protected benefit, your client’s cover could continue if they can no longer pay their premiums. Our cover supports affordability in later years and protects against the risk of them being left without any benefit, despite paying premiums for many years. We offer a pro-rata payout as long as half of the premiums due between the start of the plan and their 90th birthday have been paid.
  • Increasing option: You can even give your clients the choice to help protect themselves against the effects of inflation with the option to increase payments in line with the Retail Prices Index (RPI), up to a maximum of 10%.
  • Accidental and early death cover: If your client were to die in an accident in the first two years of their cover, we’ll pay their family three times their lump sum. We would also refund their payments and add an extra 50% if they were to die from any other cause in the same timeframe.

*Maximum age for smokers is 81. Must live in the UK, Channel Islands, Isle of Man or Gibraltar.

There is no cash in value with this insurance.

Do not offer your clients the Over Fifties Life Plan as an alternative option if they have previously been declined life insurance. For quality assurance purposes, we will monitor all applications for the Over Fifties Life Plan. 

Writing your client's policy into trust

Your clients are able to write their policies into trust, and we offer both simple and split options. Making this legal arrangement ensures that money paid out goes straight to the people they want to benefit from it. It also could allow a quicker death claim payment compared to a policy not in trust and could exempt any pay out from IHT liabilities. We cannot advise on whether putting any particular plan into a trust would be suitable for your client’s particular circumstances and would recommend that they take professional legal advice. For more information, read our guide to explain how trusts work for insurance policies.


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If you’re ready to put together a quote and apply, just log in to our online system.

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Additional benefits of AIG

Two doctors walking up stairs
Best Doctors®

We give your clients access to Best Doctors for invaluable second medical opinions. Their knowledge helps your clients and their immediate family get the right diagnosis, treatment and care.

Our Funeral Pledge

We’ll pay up to £10,000 of your client’s valid claim in advance towards the cost of a funeral. This is financial assistance when their family need it most.

Smart Health

From on-demand consultations with UK based GPs, to Best Doctors - the expert case management service with the world’s top medical specialists, our Smart Health service is a convenient way to connect your customers to tools that help them to manage their health and wellbeing from anywhere in the world, 24/7.


Smart Health and Best Doctors are non-contractual benefits which can be withdrawn at any time without notice.

Literature and support materials

Over Fifties - Sales Aid

This document explains the benefits of our Over Fifties Life Plan.

Download Updated 02 Jun 19
Over Fifties - Key Facts

This document describes what is covered by the Over Fifties Life plan, who can buy it and how it works

Download Updated 30 Sep 18
Over Fifties - Plan Details

This explains how the cover works and the terms and conditions for Over Fifties Life Plan

Download Updated 30 Sep 18