Is One Family The Best Over 50 Life Insurance Policy?
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Our articles are written by experts in their fields (finance, trading, insurance etc.) whose signatures you will see at the beginning and at the end of each article. They are also systematically reviewed and corrected before each publication, and updated regularly.
Discover the methodologyThis is the ultimate review to guide you through the ins and outs of One Family over 50 insurance. You might already know that One Family 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 One Family 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 One Family 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.
One Family life insurance has a lot to offer. Here are the main points that you should look at before taking out life insurance with One Family.
4 Safe overall rating for One Family life insurance
| Rating Criteria | Safe Rating | Our Review |
|---|---|---|
| Customer service satisfaction, claims and support |
OneFamily has a 5 star rating from Defaqto | |
| Coverage options |
Serious and Terminal illness cover is provided as a standard | |
| Value for money |
A 5% discount is given when an insurance policy is gotten online | |
| Financial strength | As at January 2020, OneFamily has had over 2 million customers and has provided over £7 billion worth of cover for families. | |
| Apps and technologies |
Adequate information is provided on the website |
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Expert and customer satisfaction reviews for One Family
| Review organisation | Consumer satisfaction rates for One Family over 50 Life insurance Plan |
|---|---|
| Defaqto | 5 |
One Family insurance in a nutshell
In summary, here are the main features you need to know when taking out life insurance with One Family.
| Criteria | One Family details |
|---|---|
| Minimum age | 50 years |
| Maximum age | 80 years |
| Pay-out | Maximum payout of £20,000. |
| Extras |
|
How does One Family over 50s life insurance work?
One Family 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 One Family 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 One Family over 50 insurance:
| Features proposed by One Family over 50 plan | Definition | Details |
|---|---|---|
| Fully insured | Number of years paid to be fully insured | Full insurance is provided after 2 years. |
| Funeral Expense | This is a free service. It means that the money will go directly to a funeral director and will serve to pay for the funeral. | £300 |
| Accidental Benefit | If 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. | If the policyholder dies as a result of an accident, One Family will pay out three times the life cover up to a maximum pay out of £48,000. |
| Free cover | The cover is getting free at a certain age depending on insurance companies. | 90 years |
| One Family life insurance with free gift | Insurance companies usually propose free welcome gifts when taking out over 50 life insurance. | A 5% discount is given when an insurance policy is purchased online. |
How much is One Family insurance?
How much you will pay for One Family 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 One Family plan.
| Details | |
|---|---|
| Min payment | £8 |
| Max payment | £75 |
| Flexible payment | Not stated |
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How to contact One Family life insurance?
Here are all the important phone numbers for contacting One Family life insurance:
| Service | Phone Numbers | Opening Hours |
|---|---|---|
| Get a quote at One Family | 0800 028 1112 | Monday to Friday 9am to 7pm |
| How to claim at One Family | 0800 028 1112 | Monday to Friday 9am to 7pm |
| How to cancel at One Family | 0800 028 1112 | Monday to Friday 9am to 7pm |
What are One Family general contact details?
You will find in this table all the general contacts that you would need if you want to reach One Family life insurance:
| General contacts | |
|---|---|
| Mailing address | One Family Insurance |
| Social media | Twitter, LinkedIn, YouTube, Facebook |
| Chatbot | No |
How to claim at One Family life insurance?
You will find on this table the different possibilities for reporting a claim on your One Family life insurance:
| How to claim on your life insurance at One Family? | |
|---|---|
| When to claim? | As soon as possible |
| Claim by mail | Claims Department |
| Claim by email | Not available |
| Claim online | Not available |
| Claim by phone | 0800 028 1112 |
How to cancel my One Family life insurance?
You will find on this table the different ways to cancel your One Family life insurance:
| How to cancel your life insurance at One Family | |
|---|---|
| Fees |
|
| Cancel by mail | OneFamily, |
| Cancel by email | Not available |
| Cancel online | Not available |
| Cancel by phone | 0800 028 1112 |
How do I get One Family life insurance quotes?
Here are the different ways to get a life insurance quote at One Family:
| How to get a life insurance quote at One Family | |
|---|---|
| Quote online | On the Home Page, Click on the "Get your free quote" option |
| Quote phone | 0800 028 1112 |
How do I log into One Family life insurance?
Click on the "Log in" option on the Home Page
Do we recommend One Family life insurance?
OneFamily is a financial services company that offers a wide range of savings and investment products. It was founded in 2015 and is based in Brighton and is a mutual, meaning it is owned by its customers. OneFamily was created when Engage Mutual Assurance and Family Investments merged. Apart from the regular options like Support Services, Funeral Benefits, Full cover after two years and Accidental Benefits, OneFamily offers terminal illness cover as a standard and a 5% discount when an insurance policy is gotten online. Their services are recommended.
