Wellbeing support
Access to registered nurses who provide a wide range of phone-based services, supporting wellbeing and mental health. This is provided in partnership with RedArc Assured Limited.
Over 50 life insurance
A helping hand for your loved ones
Life cover is provided by L&G. Member gift offer ends 30 November 2025.
Reasons to choose
From £5 a month
You pay a fixed amount each month and providing you do not make any changes to your policy this will never increase.
100% of claims paid
Provided you have been covered for at least a year.
Wellbeing support
Access support from registered nurses. They offer a variety of phone-based wellbeing and mental health services. Provided by RedArc Assured Limited.
Guaranteed acceptance without a medical
UK residents aged 50 to 80 are guaranteed to be accepted, ensuring cover for life as long as payments are maintained.
5 Star Defaqto rated cover
Defaqto is one of the UK’s most trusted sources of financial product and market intelligence. It has given this cover 5 stars, which is the highest rating possible.
Later life care advice
Access to a confidential phone service providing expert, impartial guidance to assist in selecting suitable later life care options.
Welcome
gift
Welcome gift worth £140 for members or £100 for non-members
Take out a new over 50 life insurance policy and receive a welcome gift. Members can enjoy an enhanced gift of £140, and if you’re not a member, you can join for just £1 to qualify. Non-members will still receive £100 as a thank you for choosing us.
- Amazon.co.uk Gift Card
- Argos eGift card
- Cash paid by cheque
Member offer ends 30 November 2025. Terms and conditions apply.
Co-op Member Prices
As well as an extra 1% with your Over 50 payout, members also get:
- lower prices in our food stores and online
- personalised offers every week
- access to presale tickets for Co-op Live, the UK's biggest arena
- a say in how Co-op is run
If you’re not yet a Co-op Member, you can sign up using the ‘Become a member’ button. This will include a one-off £1 joining fee.
Over 50 life insurance
Over 50 life insurance is a way for anyone aged between 50 and 80 to leave financial support for loved ones and dependents when they die. This money can assist in settling outstanding bills, be a gift, or help to cover funeral expenses.
Do I need over 50 or life insurance?
If you are over 50, you might think over 50 insurance is your only choice. But life insurance is another option.
The main difference is how long the cover lasts. Life insurance runs for a set number of years and usually covers a larger amount. It can help with big costs like paying off a mortgage. Over 50 insurance lasts for the rest of your life and is often used to leave a small gift or help with funeral costs.
You could choose one or even have both. The right choice depends on what matters most to you.
What's included
These are the things we think you may need to know. For further information, please see the policy booklet and check if it meets your needs.
Cash lump sum paid out when you die
Up to £10,000
Your loved ones get a payout when you die. You choose the cover amount and who gets the cash, which they can spend however they like.
Cover continues for the rest of your life
No payments after you turn 90 years old
You only have to pay until you are 90, but your cover continues for the rest of your life.
Flexibility to reduce payments
after 1 year
You have the option to lower your payments if your circumstances change. If you choose to reduce your payments, your payout will also be reduced. Minimum payment applies.
Immediate cover for accidental death
Full cover starts after just 1 year
Immediate cover is provided for accidental death. If you die during the first year of your policy from any other cause, your payments will be refunded rather than the payout.
5 Star rated cover
Defaqto is one of the most trusted sources of financial product intelligence. It has given this cover 5 Stars, which is the highest rating possible.
Additional benefits
As a life insurance customer, you will get access to services that revolve around providing exceptional care and support for you and your loved ones during challenging moments.
Key limitations
- this is not a savings or investment product and has no cash value unless a valid claim is made.
- if you miss payments when they're due, your plan will stop and you won't get any money back.
- the cash sum is fixed so inflation will reduce it's buying power in future
- you may pay in more than the amount paid out, depending on how long you live.
- this insurance is not designed to meet the full costs of a funeral
Policy documents
Your policy documents contain information about the features, exclusions and limitations of over 50 life insurance policies bought through Co-op.
Existing customers
If you're an existing customer help is here for you.
Get your retirement checklist
After answering a few questions you will receive a personalised retirement checklist.
Supporting you through life
Life Insurance from Co-op is offered through Co-op Insurance Services and is underwritten and administered by L&G (Legal & General Assurance Society Limited).
Calls are charged at local rates from landline and mobiles. If your phone has inclusive minutes these calls are normally included.
Applicants for insurance are subject to normal underwriting criteria.
Co-op Insurance Services Limited will receive a percentage commission from your insurance payments.