Legal & General life insurance for over 60s includes a plan built for that age group, Over 50s Fixed Life Insurance, a whole of life policy that L&G says it will accept without medical questions from UK residents aged 50 to 80. So applying in your sixties or seventies is possible. It pays a fixed cash sum when you die, and its first-year rule and its age-90 rule decide what your family would actually receive.

Over-60s weighing up what else is open to them can try the form on this page. It leads to a free phone conversation with an FCA-authorised broker, covering policies that do ask about health.

Who can apply, and how much cover can one person hold?

Acceptance is guaranteed, with no medical questions, for anyone aged 50 to 80 who is a UK resident, according to L&G's policy summary, which adds a second test: you must have spent 183 days or more of the last tax year in the UK, and the eligibility list on L&G's page agrees. You choose a monthly premium rather than a sum insured; L&G's product page says premiums run from £5 to £75 a month, depending on your age and smoker status, and the cash sum follows from that choice.

One person can hold more than one plan, but the policy summary sets a ceiling: the maximum cash sum is £10,000, counting every Over 50s Life Insurance policy you hold with L&G. A partner needs a plan of their own. L&G's page says each is set up individually, so the plans cannot be held in joint names, and a joint policy is a different product altogether (see what a joint life insurance policy is). That same answer about partners words the residence test differently, as at least "183 days per calendar year" rather than the last tax year, so ask the broker on your call which test L&G will apply to you both; they can check it free.

Guaranteed acceptance is the trade for a small payout. L&G's own page adds: "There may be other products available if you want to answer further lifestyle and medical questions." It also says "Some could give you more protection for the same price." That is worth weighing before you apply; life insurance without a medical and guaranteed acceptance life insurance explain the options, and L&G's ordinary term policies are covered in Legal & General life insurance.

When do the premiums stop, and what can they add up to?

The summary says: "You’ll stop paying premiums at age 90." Cover then carries on for the rest of your life, with no further payments. The summary also says your premiums and cash sum are fixed, meaning they stay the same, and L&G's page says premiums won't go up once you have taken the plan out.

The same document is blunt about the sums: "Depending on how long you live, total premiums paid may be greater than the cash sum we pay on death." A hypothetical shows how that can happen. L&G's product page gives, as an example from quotes taken on 8 June 2026, a cash sum of £6,046 for a non-smoker aged 60 paying £25 a month. At £25 a month the yearly total is £300, so 20 years of payments come to £6,000 and 21 years to £6,300: someone starting at 60 would have paid more than the £6,046 payout during the 21st year, at about age 80. Dying at 70 would mean £3,000 paid in for a £6,046 payout; reaching 90 and paying throughout would mean £9,000 paid in, against the same £6,046. These are our own sums on L&G's example, not a quote for you, and the right comparison depends on the premium you pick and how long you live.

Two other rules affect what you pay in. If you stop paying when premiums are due, the summary says "your plan will be cancelled and you won’t get anything back." And after the plan has run for a year you can reduce your premium, subject to a minimum, but the cash sum is reduced too; L&G's page ties this to a change in your circumstances. A cooling-off period applies: once you have received your Policy Schedule you have 30 days to change your mind and L&G will refund any premiums paid. What happens if you cancel life insurance covers cancelling in general.

A broker can weigh this plan against other cover for your age and health when they ring you, with no charge for the conversation.

What does the plan pay if you die in the first year?

The policy summary describes a policy that pays a cash sum if you die after one year from when you take it out. Inside that first year the position is different, and the summary states it plainly: "If you pass away within the first year, we’ll refund any premiums paid. However, if you die as a result of accidental death then full cover will be paid."

In practice that means a death from illness in year one returns only what was paid in, while an accident in year one brings the full cash sum. After the first year, the policy summary says, the plan pays its cash sum. It refers to the Policy Terms and Conditions for the full detail, and whether the wording would apply to a particular accident is for the broker to explain, free, when they ring.

Waiting periods differ from plan to plan, and how waiting periods work on over-50s plans compares them.

What will the cash sum buy?

The payout is a set number of pounds and nothing adds to it. The summary says: "The cash sum is fixed so inflation will reduce its buying power in the future." Until a claim is paid the plan holds no cash value, so it cannot be cashed in as savings.

Many people look at these plans to help with a funeral, and L&G is candid that this is only part of the picture: "It’s not designed to meet the full cost of a funeral, and does not guarantee to do so." L&G's page puts the average UK funeral in 2024 at £4,706 (its own research, September 2024), which is useful context beside a £10,000 ceiling and the smaller sums in the example above. How funerals are usually paid for, and what help exists, is set out in how to pay for funeral expenses. Whether a plan like this earns its place is argued in is over-50s life insurance worth it?, and what such plans cost across providers is in over-50s life insurance costs.

What else comes with the plan on L&G's page?

L&G's page says anyone who takes out the plan gets access, for you and your immediate family, to Wellbeing Support through RedArc Assured Ltd: phone-based help from registered nurses, with bereavement counselling and physiotherapy after injury given as examples. It also describes Care Concierge, a service for understanding and finding adult and later life care, available to the policyholder, their partner, children and parents. They are services L&G offers alongside the plan, not part of the cash sum, so check they are still on offer when you apply.

When read on 27 October 2026, the page also offered a £120 welcome gift card after you take out cover, with "Restrictions apply" and its own terms. A gift card is not a reason to choose a plan: the choice rests on the cash sum, the first-year rule and the premiums, and any offer may have ended by the time you apply.

If you already hold the plan, or are dealing with a claim

For a plan taken out on or before 25 November 2017, L&G's page says to refer to your Policy Terms and Conditions for the total cash sum, because the current £10,000 ceiling may not apply to it. Your own policy documents are the answer for any older plan.

Making a claim starts with a call or a letter to L&G; the policy summary lists separate contact details for claims and for general enquiries, cancellations and complaints. For checking or changing an existing L&G policy, see Legal & General life insurance, and for ending a plan see cancelling an L&G policy.

Frequently asked questions

Does smoking change what I pay on this plan?

L&G says the premium depends on your age and smoker status. The plan asks no medical questions.

Is this the same product as L&G's ordinary life insurance?

No. This one lasts your whole life, pays a fixed cash sum and guarantees acceptance, while L&G's ordinary life cover is term insurance: it asks about your health and pays out only if you die within the policy term.

Is 90 the age the cover ends?

No. L&G says your cover continues for the rest of your life even though premiums stop at 90, and the cash sum stays the same.

Can I apply if I am older than 80?

L&G states an age range of 50 to 80 for this plan. Past 80 the choices differ by insurer, and the free phone call after your form is the place to ask what exists for your age.

To hear what is on offer for someone your age with your health history, request the call through the form here; it is quick and costs nothing.

Part of our over-50s and later life guides.

Sources

  • Legal & General, Over 50 Life Insurance product page (reviewed 8 June 2026), read 27 October 2026. legalandgeneral.com
  • Legal & General, Over 50s Fixed Life Insurance Policy Summary (print code QGI12836 11/2025), read 26 October 2026. legalandgeneral.com