Life insurance

Life Insurance

Help to ensure financial security and peace of mind for you and your family with our range of life insurance options for the over 50s.

What Saga can offer you

Term Life Insurance
  • Fixed term cover ideally suited to protect your mortgage and family
  • Terminal Illness Cover and Accidental Death Benefit automatically included
  • Provided by Legal & General.
Guaranteed Life Insurance
  • Guaranteed acceptance if you're aged 50-75
  • No health questions
  • Eligible for full payout after just one year
  • Provided by VitalityLife.

How do they compare?

For a quick comparison between the products available, please take a look at the table below.
Please note that terms and conditions apply to all features. Please refer to the individual product details page for further information.
  Saga Term Life Insurance Saga Guaranteed Life Insurance
Type of cover
Lump sum payment if you die and a valid claim is made during the policy term
Guaranteed lump sum payout upon death - regardless of any pre-existing medical condition   
Maximum sum assured Unlimited £18,887
Maximum term of the policy Policy must end before your 90th birthday Indefinite, until death
Is there a period at the start of policy when it won't pay out should I die? Full benefit paid from the start of the plan (subject to a valid claim). However, we won't pay out if you intentionally take your own life within the first year of the policy.
12 months
Joint cover available? Yes No
Medical required? Not normally, but may be required depending upon the answers given in the medical questionnaire
Minimum age at the start 18 50
Maximum age at the start 77 75
Premiums payable until The end of the policy Policy anniversary following 90th birthday
Minimum premium £6 £10
Maximum premium No maximum £50
What happens if I stop paying my premiums?
With both term and guaranteed life insurance, if you stop paying your premiums before the end of your policy, your cover will enter a grace period of 30 days and no premiums will be returned.
  Find out more​ Find out more​
The products used for comparison purposes above are both from the Saga Life Insurance range. Other product types are available. Saga Term Life Insurance is provided by Legal & General. Saga Guaranteed Life Insurance is provided by VitalityLife.

Helping you decide

Saga Term Life Insurance

Fixed term cover, especially useful for covering an outstanding mortgage, and providing financial support to your family.

Saga Guaranteed Life Insurance

For help covering your funeral expenses or to leave a gift to family.

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Who are the providers and how are they regulated?

Saga Term Life Insurance is provided by Legal & General Assurance Society Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales (registered no.00166055).

Saga Guaranteed Life Insurance is underwritten by Vitality Life Limited (registration number 03319079) which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and provides and manufactures benefits under the plan.  The plan is administered by Vitality Corporate Services Limited (registered no. 05933141), trading as VitalityLife, which is authorised and regulated by the Financial Conduct Authority, and distributes and services the product and issues the documentation. Registered offices for both companies at 3 More London Riverside, London, SE1 2AQ.  Both companies are registered in England and Wales. VitalityLife will introduce customers who select the Funeral Benefit Option to Golden Charter. Golden Charter is a registered provider with The Funeral Planning Authority.