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Over 50s Plan

Leave a cash sum for your loved ones once you've gone, with the Tesco Over 50s Plan. It comes with guaranteed acceptance.

  • The cash sum is paid out upon your death after the policy has been in force for two years
  • You're covered for life as long as you continue to pay your premiums until you are 90. If you live beyond 90, you don't have to pay any more premiums, but we'll still pay out!
  • And, with no medical required, it's easy to organise!

Apply online or apply over the phone by calling 0845 309 4403

FREE £40 Tesco Giftcard when you quote and buy the policy by 29 February 2012 (extended from 4 January 2012).

Available to new customers only. More about this offer.

Tesco Over 50s Plan is provided by Friends Life.

You are guaranteed to be accepted for a Tesco Over 50s Plan if you are aged 50-80 and a UK resident.

Free £40 Giftcard
  • Get a quote for Tesco Over 50s Life Cover

Over 50s Plan - What's in it for me?

  • Tesco Over 50s Plan is a simple cover, costing from just £7 a month - that's only 23p a day!
  • A cash lump sum will be paid out if you die after two years
  • The plan will also pay out for Accidental Death in the first two years
  • The plan will pay one and a half times the premiums paid, if you die during the first two years of cover (other than by accident)
  • If you're aged between 50 and 80 and a UK resident you will be accepted - guaranteed. There's no need for a medical and no health questions to answer
  • Your monthly premiums will never go up - and the amount you're insured for will never go down
  • You'll be covered as long as you continue to pay each month. If you live beyond 90 years of age you won't have to pay any more premiums - but we'll still pay out
  • Note that you may pay in more than we pay out. Because the sum assured is fixed its real value will be reduced by the effects of inflation

How much will it cost me?

The tables below show how much cover you would get based on your age and monthly premium amounts.

Male

Age£50£40£30£20£10£7
50 £19,618 £15,573 £11,528 £7,483 £3,438 £2,225
55 £14,736 £11,698 £8,659 £5,621 £2,583 £1,671
60 £10,888 £8,643 £6,398 £4,153 £1,960 £1,235
65 £8,041 £6,383 £4,725 £3,067 £1,409 £912
70 £5,996 £4,759 £3,523 £2,287 £1,051 £680
75 £4,693 £3,725 £2,758 £1,790 £822 £532
80 £2,388 £1,896 £1,403 £911 £419 £271

Female

Age£50£40£30£20£10£7
50 £24,620 £19,543 £14,467 £9,391 £4,315 £2,792
55 £18,687 £14,834 £10,981 £7,128 £3,275 £2,119
60 £13,711 £10,884 £8,057 £5,230 £2,403 £1,555
65 £10,119 £8,033 £5,946 £3,860 £1,774 £1,148
70 £7,495 £5,950 £4,404 £2,859 £1,314 £850
75 £5,689 £4,516 £3,343 £2,170 £997 £645
80 £2,902 £2,304 £1,705 £1,107 £509 £329

Some claims for accidental death are excluded, for example:

We won't pay the cash sum if you die from an accident in the first two years of the plan if the cause of death is directly or indirectly as a result of one of the following:

  • Deliberately self-inflicted injury, including suicide or attempted suicide
  • Participation or attempted participation in an aerial flight other than as a fare-paying passenger on a licensed airline
  • War (whether declared or not)
  • Active participation in a criminal offence, riot or civil commotion
  • Taking or being affected by alcohol or drugs (except those prescribed by a doctor registered in the United Kingdom)
  • Disease, bodily or mental infirmity or medical or surgical treatment of these, or where the life assured acts against medical advice.

In these cases, the plan will pay one and a half times the premiums paid.

Our current offer...

£40 Giftcard Offer

Receive a FREE £40 Tesco Giftcard if you get a quote and then buy the policy.

Are you eligible for this offer?

  • Offer applies to new Tesco Over 50s Plan customers only who buy the policy by 29 February 2012 (extended from 4 January 2012). One offer per policy.
  • The £40 Tesco Giftcard will be sent within 3 months of the policy being issued to the policyholder at their address only.
  • No duplicate Tesco Giftcards will be sent.
  • If you cancel your policy within the first six months, we reserve the right to request a refund of the £40 Tesco Giftcard already given to you.
  • The Tesco Gift Card can be redeemed at any UK Tesco store, Tesco Petrol Filling Station (excludes Esso fuel and pay at pump), Tesco Direct desk, or at www.tesco.com where the Gift Card payment option is available at the online checkout.
  • We reserve the right to alter, cancel or withdraw the promotion without prior notice.
Free £40 Giftcard
  • Get a quote for Tesco Over 50s Life Cover

Apply over the phone

Why not give us a call? We can complete your application in around 10 minutes...

Call one of the team on:
0845 309 4403

Lines are open 9am-5.30pm Monday to Friday.

Got a question about your Life Insurance policy?

Take a look through our Life Insurance glossary for the answer.

  • Find out more information from our life insurance glossary...