Is SunLife The Best Over 50 Life Insurance Policy?

antoine fruchard Antoine Fruchard  updated on July 29, 2020

This is the ultimate review to guide you through the ins and outs of SunLife over 50 insurance. You might already know that SunLife has several different contract options. 

Some are great. Some are less useful. Some are simply too expensive.

So, if you want to get better value for money from your SunLife over 50 plan, as well as indicative quotes and tips to lower your insurance premium, then you’ll probably love the following article.

Let’s dive right in!

Is SunLife over 50 plan the best life insurance?

When taking out life insurance, there are so many things to think about. Life insurance is one of the most important insurance plans to have, as it is the best way to protect your loved ones if something happens to you. 

SunLife life insurance has a lot to offer. Here are the main points that you should look at before taking out life insurance with SunLife. 

3 Safe overall rating for SunLife life insurance

Rating CriteriaSafe RatingOur Review
Customer service satisfaction, claims and support

SunLife is specialized for over 50 life insurance
4.7/5 rating on TrustPilot
5 star rating on Defaqto
Reviews recorded on third party websites were centered around the effective customer care service provided
Information provided on the website about the services offered are limited
Contact details are not properly listed on the website

Coverage options

Life insurance is provided for people over 50 years
Whole of life cover is provided
For the fixed term life insurance, medical examinations are not needed. This speedens the insurance process
For both the over 50’s and term life insurance, cash in value options are not available

Value for money

AXA Sunlife covers can be gotten for as low as £5 per month
Gift cards of £110 are given to policyholders
For the term life insurance offered by AXA Sunlife, a 15% moneyback option is provided in the case that no claim is made for the duration of the life insurance
Cover of about £150,000 is provided which is on the low side compared to other
The cover limit for the whole of life cover provided is £20,000

Financial strength

Sunlife has been in existence since 1900

Apps and technologies

Quotes can be calculated online
The online claims option is not supported
Policy documents cannot be gotten easily
Informations is not detailed on the website
No chat bot or live chat option

Safe rating for SunLife over 50 plan Life insurance

Expert and customer satisfaction reviews for SunLife

Review organisationConsumer satisfaction rates for SunLife over 50 Life insurance Plan
Defaqto5
Experts rating for SunLife

SunLife insurance in a nutshell

In summary, here are the main features you need to know when taking out life insurance with SunLife. 

CriteriaSunLife details
Minimum age50 years
Maximum age 85 years
Pay-out

Average of £4000

Extras
  • A 15% Moneyback option in the case that no claim is made for the duration of the policy
  • Travel Accident Benefit: This is only applicable to the Over 50s Life Insurance Plan. In the case of an accident that results in death within three months of the accident, three times the original amount of insurance for death will be paid.
SunLife life insurance in a nutshell

How does SunLife over 50s life insurance work? 

SunLife over 50 life insurance is a whole-of-life insurance policy. The idea is to pay your life insurance with monthly installments. The day you pass away, it pays out a lump sum to pay different expenses, such as your funeral. You can also leave a sum of money to your loved ones. 

What cover SunLife over 50s life insurance? 

Your loved ones will receive a cash sum that can help towards:

  • Funeral expenses
  • A gift to loved-ones 
  • Unpaid bills, mortgages 

Here are the main features proposed by SunLife over 50 insurance:

Features proposed by SunLife over 50 planDefinition Details
Fully insured Number of years paid to be fully insured

At SunLife insurance, you are fully insured after 2 years.

Funeral ExpenseThis is a free service. It means that the money will go directly to a funeral director and will serve to pay for the funeral.£250
Accidental BenefitIf an accident happens within the first year or second year (if it is two years before you get totally covered), your relatives will receive the cash sum. Yes, immediate cover after an accident
Free coverThe cover is getting free at a certain age depending on insurance companies. No
SunLife life insurance with free giftInsurance companies usually propose free welcome gifts when taking out over 50 life insurance.

£110 gift card when you sign in

SunLife Over 50 life insurance features

How much is SunLife insurance?

How much you will pay for SunLife life insurance for over 50 depends on a lot of factors: 

  • Your age 
  • How much cover your want 
  • Some insurers will ask if you are a smoker or not.

Here is a table that recapitulates over 50 SunLife plan.

Details
Min payment£3,70
Max payment£74
Flexible payment– You can reduce your monthly premium (once, and this is permanent)
Monthly payment – Over 50 SunLife Life Insurance

How to contact SunLife life insurance?

Here are all the important phone numbers for contacting SunLife life insurance: 

ServicePhone NumbersOpening Hours 
Get a quote at SunLife0800 904 7674

Monday – Friday 8am-8pm

How to claim at SunLife0800 008 6060

Monday – Friday 8am-8pm

How to cancel at SunLife

0800 008 6060

Monday – Friday 8am-8pm

SunLife phone numbers

What are SunLife general contact details? 

You will find in this table all the general contacts that you would need if you want to reach SunLife life insurance: 

General contacts
Mailing address

1 Wythall Green Way,
Wythall,
Birmingham,
B47 6WG,
United Kingdom

Social media 

Facebook, Twitter, YouTube, Instagram

Chatbot

No

SunLife general contacts

How to claim at SunLife life insurance? 

You will find on this table the different possibilities for reporting a claim on your SunLife life insurance: 

How to claim on your life insurance at SunLife?
When to claim?

As soon as possible

Claim by mail

SunLife
PO Box 1395
Peterborough
PE2 2TR
United Kingdom

Claim by emailNot available
Claim online

To make a claim online:

  • Go to the Home Page
  • Click on "Make claim" option
Claim by phone

0800 008 6060

Claim at SunLife life insurance

How to cancel my SunLife life insurance? 

You will find on this table the different ways to cancel your SunLife life insurance: 

How to cancel your life insurance at SunLife
Fees
  • If you cancel within the first 30 days, the premium paid would be refunded fully
  • If the cancellation is done after 30 days, no refunds would be made.
Cancel by mail

SunLife
PO Box 1395
Peterborough
PE2 2TR
United Kingdom

Cancel by email

Not available

Cancel onlineNot available
Cancel by phone

0800 008 6060

How to cancel my SunLife life insurance?

How do I get SunLife life insurance quotes? 

Here are the different ways to get a life insurance quote at SunLife: 

How to get a life insurance quote at SunLife
Quote online
  • Click on the drop down arrow in the "Over 50 life insurance" section"
  • Click on the "Get Quote" option
Quote phone

0800 904 7674

Get a quote at SunLife

How do I log into SunLife life insurance?

There is no Login option

Do we recommend SunLife life insurance?

Sun Life started its over 50s life insurance service in 1979. The insurance company specialises in providing cover for policyholders over the age of 50.
Other cover options like the 15% Moneyback option, Terminal illness cover and Travel Accident Death Benefit are also offered and can be added as optional extras. They have good reviews both on TrustPilot and Defaqto and the insurance company is recommended for people within this age bracket looking to take out an insurance policy.