Golden Charter / Over 50’s Life Insurance and Funeral Benefit Options

Over 50’s Life Insurance and Funeral Benefit Options

We explain what are they and how do they work.

Over 50’s Life Insurance

Over 50s life insurance is a type of life insurance policy for UK residents aged 50 to 80 years old. It provides a cash lump sum to the policyholder's loved ones when they die, as long as the policyholder pays their premiums.

The money can be used for funeral costs, outstanding bills, existing debts or simply as a gift to leave loved ones. The big advantage of an over 50s policy is that acceptance is guaranteed, with little to no medical checks or questions.

The Funeral Benefit Option is a free, optional feature that you can add to your guaranteed over 50s policy.

Funeral Benefit Options

A Funeral Benefit Option can often be confused for a funeral plan. However, rather than being a funeral plan itself, customers of over 50s life insurance are given the option to allocate the funds from their over 50s life insurance policy to a funeral plan provider like Golden Charter.

This option helps customers prepare for funeral costs with an additional benefit of £300 provided. This £300 is offered by the allocated funeral director at the time of need, either as an additional service or a discount on the funeral cost. There are some situations where the extra £300 wouldn’t be paid, such as an unattended cremation.

What are the benefits?

Allows you to use the sum assured towards your funeral expenses.

You can request a funeral director of your choice.

The funeral director will provide a discount or service up to the value of £300 on top of your insurance sum assured.

You can record your personal wishes with your funeral director or Golden Charter.

Peace of mind that you have made preparations and made things easier for your family.

Our current Funeral Benefit Option (FBO) partners are British Seniors, Cover Today and OneFamily.

Our FBO partners

British Seniors-logo

British Seniors

British Seniors is the UK’s No. 1 rated provider of Over 50s Life Insurance holding the highest ratings among all Over 50s life insurance providers (Trust Pilot, Feefo) and have assisted over 200,000 families across the UK.

For more than a decade, British Seniors has delivered an award-winning service. Golden Charter has worked with British seniors for over 5 years

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Cover Today-logo

Cover Today

Cover Today Over 50s Life Insurance is unlike other over 50 life insurers. They are the only Over 50s life insurer in the UK that provides full cover from day one.

Not only do they provide day one cover but their policies are also issued by the best Mutual Insurer 2023.

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OneFamily-logo

OneFamily

OneFamily is an award-winning financial services organization that offers a range of products and services. Owned by its members, OneFamily doesn’t have shareholders to pay, allowing them to reinvest profits into providing high-quality products, services, and member benefits.

With 49 years of experience as a trusted provider of financial products for the entire family, they offer affordable and accessible options to nearly 1.6 million customers.

One Family thrive helping families with excellent financial products for both children and adults, earning 5-star recognition from Defaqto, Your Money, and more.

They have maintained a long-term partnership with Golden Charter for over 10 years.

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We're rated as excellent on Trustpilot

Our customers rate Golden Charter as excellent, with 4.6 out of 5 based on 2,822 reviews*

*Figures correct as of 1 August 2024