On your 90th birthday your monthly premiums will automatically stop but your cover will continue for life.
If you stop paying your premiums before the age of 90 your plan will stop, the cover will cease and you won't get anything back.
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You can nominate friends or loved ones to receive up to £5,000 of your overall payout. If there's any money left over it will go to your estate. The total amount paid out normally counts as part of your estate and may be subject to Inheritance Tax.
Find out more about nominating beneficiaries
Get a quote for over 50 life cover
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To help with your funeral costs, you can now arrange for a payment to be made from your over 50 life cover plan to The Co-operative Funeralcare.
Although this isn't a funeral plan and won't necessarily meet the full cost of your funeral, it will help towards it.
Plus, The Co-operative will contribute £250 on top of the payment from your plan.
Find out more about our funeral funding option
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You can choose from 2 over 50 life insurance plans:
A plan with a welcome gift
You get:
-
£30 in M&S vouchers
OR
-
a DAB digital radio
A plan with cashback
You get 3 months' worth of premiums back after you've paid for 6 months.
See our gifts and cashback terms and conditions
Get a quote for over 50 life cover
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Have you thought about what you'd do if you or a loved one needed long term care? Take advantage of free, independent advice on residential care, sheltered accommodation and home care from impartial experts when you open a new over 50 life cover plan.
We've teamed up with independent care experts, Grace Consulting, to offer you their general advice service, which normally costs £99.
Find out more about independent care advice
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Get free advice from The Co-operative Legal Services if you have a bereavement in the family. They offer sympathetic, confidential help on practical next steps as well as advice on legal, tax and administrative matters.
Get a quote for over 50 life cover
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