SunLife Over 50 Plan review

The SunLife plan

The SunLife Guaranteed Over 50 Plan is the UK’s most trusted over 50s life insurance plan. With roots stretching back over 200 years, SunLife were the first company to offer over 50 life insurance without a medical.

The Guaranteed Over 50 Plan can help you protect your loved ones by providing them with a cash payout when you die. The money can be used however your family choose, perhaps to help with funeral costs, pay off outstanding debts or as a treat for everyone to enjoy.

SunLife promises that your monthly payments will never go up and your cash sum will never go down. Plus they’re a Platinum Trusted Service Provider with the independent review company Feefo and are highly rated by customers on Trustpilot with an excellent 4.8 rating.

Can you have more than one over 50 plan?

You can have more than one SunLife Guaranteed Over 50 Plan however your total monthly premiums are limited to £100 and the cash payout threshold should be no more than £18,000. So, you can have as many plans as you like, as long as you don’t exceed these limitations.

Free Funeral Benefit Option

SunLife's Guaranteed Over 50 Plan comes with a free Funeral Benefit Option. You can choose to have your cash payout go directly to Dignity Funerals Limited, who will use it to pay towards the cost of your funeral. They will also contribute £250 if a Dignity Funeral Director is used to conduct your funeral (this excludes Direct Cremation).

When the time comes, your family only have to make one call and the Dignity Funeral Director will help them through all the arrangements.

Things to consider

• The Guaranteed Over 50 Plan gives you full cover after one year. If you pass away before then, SunLife will pay out everything you’ve paid in.
• The plan includes accidental death benefit - so SunLife will pay the full cash sum if you die as the result of an accident, even if you’ve had your plan for less than one year.
• Premiums are payable to the policy anniversary after your 95th birthday or earlier death. Your cover continues for life. If you stop paying premiums earlier, your insurance will end and you won’t get anything back.
• You need to ensure you keep up with your monthly payments or your insurance will end and you won’t get anything back.
• Because the cash sum is fixed, inflation will reduce its buying power over time.
• Please ensure you understand and are happy with the terms and conditions before taking out a plan.
• The maximum cover level is £18,000.
• The SunLife Guaranteed Over 50 Plan is provided by Phoenix Life Limited.

SunLife over 50 plan reviews by their customers

The SunLife plan and the service they offer has been rated highly by customers on two leading independent review sites - Feefo and Truspilot.

Feefo shows a rating of 4.8 for the Sunlife plan which is classed as excellent. Trustpilot also shows an excellent rating of 4.8.

Celebrity endorsed SunLife adverts

In addition to customer reviews, SunLife insurance has been endorsed in it’s adverts by many leading UK actors and presenters over the years. The most famous SunLife advert has to be with Michael Parkinson, however June Whitfield, Annette Crosby, Alan Titchmarsh and more recently Carol Vorderman have also played their part in promoting the over 50 plan.