Foresters Friendly over 50s life insurance

Foresters Friendly Society is a mutual society company that offer a variety of financial services, including life insurance policies for over 50s.

Their services are highly rated by both experts and customers, being rated 4.5 on the honest customer reviewing sight, Reviews.IO.

Foresters Friendly logo

We have written a detailed 2023 review of Foresters Friendly, covering all you need to know about their over 50 life insurance plans and what they have to offer. Discover all your unanswered questions in this quick and easy read.

Please note, Reassured don’t sell Foresters Friendly over 50 life insurance. However, we do sell policies from other leading insurers and are able to compare quotes for you, which could help you save time and money on a policy.

Should you secure an over 50s plan with Foresters Friendly Society? Continue reading to decide for yourself…

What is Foresters Friendly over 50 life insurance?

An over 50s plan is a type of life insurance for those aged between 50 - 80 or 85 with some insurers.

It’s a popular option for those who may have been declined before or have health issues as there are no medical questions or exams required when applying for a policy, which makes the application short and simple (as well as affordable).

It’s also a good option if you don’t require a large pay out and are just looking to help cover expenses like funeral costs or a small inheritance for loved ones as the maximum pay out is typically around £20,000.

Unlike many insurers, Foresters Friendly offer an increasing over 50s policy, called '50+ Life Cover'. This policy offers a potential for cover to increase by them investing the monthly premiums you pay into their ‘Order Insurance Fund’ which offers the chance to increase your pay out by way of bonuses.

The only type of life insurance Foresters Friendly offer is over 50s, below are some key points about the cover they offer.

Foresters Friendly over 50s life insurance key points

Key points:

  • Cover starts from £10-a-month (33p-a-day) directly thorough Foresters Friendly[1]
  • No medical questions or exams needed
  • Your money is invested in a fund which gives you access to investment types you cannot get directly
  • Guaranteed acceptance (age requirement is 50 - 80)
  • You choose a monthly premium that you pay until you reach the age of 85
  • Full pay out of basic sum assured for accidental death during the waiting period
  • New customers receive a £35 gift card (correct as of 20/09/23 with no expiry date stated)
  • Waiting period lasts for 24 months
  • A refund of premiums is issued to loved ones if you pass away due to natural causes during the waiting period

If you need help understanding the product further you could seek financial advice, to make sure it’s the right product for you.

Reassured offer a quote comparison service for over 50 life insurance from other leading insurers, helping you obtain a guaranteed acceptance policy if you are between the required age of 50 - 85.

Foresters Friendly reviews

When searching the market for insurers, reading reviews is a great way to find out about customer experiences and how reliable they are as a company.

Many review sights have rated Foresters Friendly highly, for example rate them a 4.5 (out of 5). However, this is a reflection of all of their products.

To consider only their life insurance reviews, we have looked at ratings for their over 50s policy.

Fairer Finance, is a review website where experts review and rate businesses, considering all its factors. Foresters Friendly has been awarded 5 stars for its over 50s policy.

Defaqto, another expert rating service, reviewed Foresters Friendly as 4 stars.

Review websiteStar rating
Fairer Finance logo Defaqto 5 stars
Defaqto logo Defaqto 4 stars

(The above accurate as of 14/09/23)

At Reassured, we’re rated ‘Excellent’ on Trustpilot with more than 70,000 customer reviews.

Who are Foresters Friendly?

Starting in 1834, Foresters Friendly originated from the idea of when a household breadwinner fell ill and couldn’t work, meaning they wouldn’t receive wages.

Providing financial and social support to members has been a priority throughout their entire history.

Being a mutual society company means there are no shareholders, and all their profits are distributed to members through policyholder bonuses.

Foresters Friendly also include many benefits to their members. Taking out any of their financial products automatically makes you a member.

Foresters Friendly offer a variety of financial services, such as:

  • A variety of ISA options
  • Saving plans
  • Investment plans
  • Over 50 life insurance plans

They have also been FCA-regulated since 2000, meaning you are secure buying a plan through them.

How much over 50s life insurance do I need?

How much life insurance you need will depend on factors such as your financial commitments, personal circumstances and budget.

For example, many people who take out over 50s cover plan for it to help towards funeral costs, as this can be an expensive financial burden to leave for loved ones.

According to the SunLife Cost of Dying report, the cost of a basic funeral in the UK is £3,953 on average[2].

Enter your financial commitments into our life insurance calculator to discover how much over 50s cover you might require:

How much over 50 life insurance do you need?

Enter your financial commitments below to understand the level of over 50 life insurance you require.


According to Uswitch, it’s estimated that 23,000 people in the UK will still be paying off their mortgage by age 75.

Although an over 50s plan can’t cover the full cost of a mortgage (as cover is capped at £20,000), it could help to contribute some funds towards keeping your family in their home.


Research by Saga shows that nearly 6 million over 50s owe money on credit cards and loans, with average debt amongst this age group totalling £12,000.

Depending on your personal circumstances, an over 50s plan may not be able to cover all debts (as cover is capped at £20,000) but it could allow you to cover some debts in your name.


SunLife’s Cost of Dying 2023 report found that the average cost of a basic funeral is £3,953, with the overall cost of dying totalling £9,200.

A pay out from life insurance can help to cover all or some of these costs.


Age UK have found that many over 50s and 60s will be reliant on their pension to get by.

Life insurance can provide your partner with a helping hand on top of their pension.


An inheritance can provide your loved ones with a cash gift to spend as they wish.

Alternatively, you could leave a portion of your pay out to a charity that’s close to your heart.


If you already have a life insurance (or other financial protection) policy in place, and/or you have your own savings, factoring these into your sum assured could reduce the level of cover you require - helping you to save money.

£ -

Your total cover estimate

£ 0

Let us help you find our best quotes

How much is an over 50s policy with Foresters Friendly?

If directly purchasing from Foresters Friendly, your monthly life insurance premiums can vary from £10 to £100.

You’re able to choose how much you pay each month, although this will determine how much the pay out will be.

The more you pay monthly can also increase the amount of potential investment money you could receive in your pay out.

Premium paidBasic sum assuredSum assured with 1.5% growth a yearSum assured with 4.5% growth a year

Based on someone aged 50

At Reassured, over 50 life insurance quotes start from just £5 a month and you could secure up to £20,000 depending on your personal circumstances and budget.

Foresters Friendly comparison

We have created a table to compare other over 50s policies with Foresters Friendly to help you find a suitable option for your needs.

. Foresters Friendly logo SunLife logo OneFamily logo
Age restrictions50 - 8050 - 8550 - 80
Waiting period24 months12 months24 months
Max sum assured£29,000£18,000£20,000
Free funeral benefit + contributionNone£250 contribution offered£300 contribution offered
Increasing sum assured Icon green tick
(Not guaranteed)
Icon ruby cross Icon ruby cross

Both SunLife and One Family are available through Reassured, simply get in touch for your fee free quotes.

What benefits come with a Foresters Friendly over 50 policy?

  • Investment growth on pay out
    Although not guaranteed, your final pay out could be higher due to investments in your premiums
  • Refund of premiums for non-accidental death during waiting period
    100% of premiums paid if you pass away in the waiting period (24 months)
  • Stop paying premiums at 85
    When you secure a policy, you decide how much your monthly premium is and you will pay this until the age of 85, after that your policy will remain for life and you won’t need to pay
  • Foresters extras
    Membership benefits, including discretionary grants to help with costs for things such as dental and optical appointments

Do Foresters Friendly offer a free gift?

It’s common for insurers to offer a ‘gift’ incentive in return for customers to directly secure a policy with them. Foresters Friendly are currently offering a £35 gift card to customers when you secure an over 50s policy.

Once you have made 3 months’ worth of premium contributions, you’ll receive your eGift card, however you will only receive the gift card if buying directly through Foresters Friendly (not via a broker or adviser).

The eGift card offers 200+ shops to choose from, which is a better variety than many other insurers gift cards.

Here at Reassured, we have written an updated guide on over 50 life insurance with a free gift, so you can see what other insurers have to offer »

Foresters Friendly life insurance: pros and cons

Listed below are some pros and cons of over 50s life insurance with Foresters Friendly, compared to other generic over 50 policies:

A potential increase on sum assured due to investmentsNo terminal or serious illness benefits
Premium payments stop at 85 (with other insurers this is later or until death, this is to prevent paying more in premiums than pay out)No funeral benefit or discount offered with a funeral provider
Full pay out of the basic sum assured for accidental death during the waiting period24 month waiting period (compared to others who offer 12)
A £35 gift incentive (not all insurers offer a free gift)Pricing starts from £10 which is expensive compared to some other policies (pricing through Reassured starts from £5)

Why do I need an over 50s policy?

If you’re between the age of 50 - 85, securing an over 50s policy can help you cover financial burdens for the future when you are no longer around.

When you reach 50 you may have different financial priorities to what you may have had in the past.

Over 50s pay outs usually help to cover smaller obligations, such as funeral costs, as it offers a smaller pay out than other policies.

Typically, an over 50s pay out could help towards:

  • Funeral costs
  • A small inheritance for family members
  • A charity donation of your choice
  • Any left-over financial burdens (such as unpaid debts in your name)
  • Medical bills left to the remaining partner

Why not speak to a friendly member of our team who can provide all the information you need to make an informed decision on whether over 50 life insurance is right for you?

How can I cancel Foresters Friendly life insurance?

If you feel that you would like to cancel a policy with Foresters Friendly, you must complete a cancellation form and return it to their office address:

Third Floor, Enterprise House
Ocean Way
Ocean Village
SO14 3XB

After your application is accepted you will receive a statutory notice of your right to cancel. This gives you 30 days from the day your plan commences to change your mind.

With an over 50s policy, they offer you a proportionate amount of money back if you choose to cancel after paying 50% or more of the policies monthly payments.

Why you should compare over 50 life insurance quotes

Before securing any type of life insurance, it is important to shop around before deciding on a policy.

You can do this by directly contacting an insurer, using a comparison website, or using a life insurance broker.

Here at Reassured, we can’t offer policies with Foresters Friendly, but we can compare quotes from some of the UK's top leading insurers.

By comparing quotes, you can find your perfect policy for an affordable price.

Why not get in touch with one of our expert brokers today to find our best deal?




Related articles:

Our customers love us
Trustpilot Star Rating

Very easy to understand and very quick

Yes very pleased with my choice very helpful easy to understand and very pleasant transaction all good!

Mrs M Rushworth

Very professional and reassuring

Very professional and reassuring. Life insurance sorted in about 10 minutes.

Stephen Davies

very courteous and friendly

very courteous and friendly. Polite professional and empathic.

Stedroy Fenton

Another happy customer

Another happy customer I am. They are very professional and kind. Fully communicative. I recommend.

Piotr Stepien

Really attentive during the call

Really attentive during the call, good clear guidance throughout. Well done.

Michael Reynolds

Amazing service

Amazing service quick fast and easy and Joey was a star on the phone really help me thanks.

Sera Woolley

I made the right choice and now I feel…

I made the right choice and now I feel relieved that I did.


Really genuine kind and compassionate…

Really genuine kind and compassionate team with great knowledge and friendly approach highly recommend them!

Katelia Merritt

I must say Jake took me through every…

I must say Jake took me through every step and was brilliant, recommend them anytime.

Allan Green

Very happy and everything explained…

Very happy and everything explained well, so glad a took the time to take the call, normally I would say I'm busy. But compared to other company's we save so much more money.

Jenny Berry
We’re rated as 'Excellent' with 78,528 customer reviews