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National Friendly is a UK-based mutual society with a long history of providing financial protection.
In this review, we look at the key features and benefits of their over 50s life insurance (which is the only life insurance policy they offer) to help you decide if it’s the right option for you.
We also explore National Friendly reviews and ratings to give you a better understanding of the policy and service offered.
Why not compare over 50s life insurance quotes through Reassured? We can’t provide National Friendly quotes, but we can provide our best prices from top UK companies to help you find an excellent deal.
Guaranteed over 50s life cover starts from just £5 a month + through our fee-free, award-winning service. Help protect your loved ones by securing cover today.
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National Friendly over 50s life insurance is a type of policy that provides your family with a lump sum pay out when you pass away in exchange for a monthly premium.
National Friendly over 50s life cover guarantees acceptance to UK residents aged 50 - 80 (non-smokers) and 50 - 75 (if you’re a smoker).
Learn about other types of cover available to people over 50 in our complete over 50s life insurance guide »
As of June 2024, National Friendly are rated ‘Great’ on Trustpilot from 189 customer reviews. However, these reviews relate to the various products they sell.
On independent review site, Defaqto, National Friendly over 50s life cover is rated 2 stars (out of 5 stars) and on Fairer Finance, it’s also rated 2 stars.
Review site | Star rating (out of 5 stars) | Analysis |
---|---|---|
| 3.9 ('Great') | This rating is based on just 189 customer reviews. These reviews refer to the various products they sell, not just their over 50s life cover |
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![]() | A 2 star rating shows that this policy may not offer the best value for money in comparison to other policies available on the market |
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![]() | A 2 star rating suggests that this policy may not offer as many valuable features as some other policies available on the market |
Reassured is rated ‘Excellent’ on Trustpilot based on over 77,000 customer reviews, making us one of the highest rated fee-free life insurance brokers in the UK.
Our award-winning team are on hand to help you compare over 50s life insurance from highly rated and reputable insurers, including SunLife and One Family.
As a mutual society, National Friendly is owned by their members.
This means that their profits are reinvested into the business for the benefit of their members, rather than paid out to shareholders.
National Friendly has been offering financial protection to families in the UK since 1868.
Their products include:
National Friendly is a member of the Association of Financial Mutuals and is a regulated by the Financial Conduct Authority (FCA).
No, National Friendly is not part of AXA.
These are two separate companies which both offer a range of insurance products.
Although, AXA doesn’t offer over 50s life insurance or any other type of life insurance.
Feature |
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Guaranteed acceptance | UK residents aged: 50 - 80 for non-smokers 50 - 75 for smokers |
No medical questions or exam | You don’t have to answer any medical questions or undergo an exam to secure a policy. However, if you choose to answer two medical questions, you might be eligible for a higher pay out amount. |
Fixed monthly premiums | Premiums stay the same and will need to be paid for the rest of your life. The cost of your monthly premium is based on your age, smoking status, sum assured (cover amount) and responses to the medical questions (if you choose to answer these). |
Waiting period of either 6 or 24 months | The standard waiting period (or ‘qualifying period’) is 24 months. You won’t be fully covered until this period ends. If you choose to answer the two medical questions, the waiting period could reduce to as low as 6 months (depending on your health).
If you pass away from a natural cause during the waiting period, the insurer won’t pay out the full sum assured, but any payments you’ve made will be paid out to loved ones. |
Accidental death cover | If you pass away from an accidental cause during the waiting period, the insurer will pay out double your sum assured. |
Terminal illness cover | This allows you to make a claim on your policy if you’re diagnosed with a terminal illness and expected to pass away within 12 months (after the waiting period). In this instance, the insurer will pay out half of your sum assured directly to you, and the remainder when you pass away. |
Nominated beneficiary | This means you can name a person or people to receive up to £5,000 of your sum assured. This helps to speed up the claims process and they can receive the money earlier. If your sum assured is higher than this, then the remainder will be paid to your estate. |
Friendly GP access | This is a free benefit included as standard. It gives policyholders 24/7 access to a virtual GP service over the phone or online. |
National Friendly over 50s life cover costs between £20 and £100 a month.
You can select a monthly premium that suits your budget, and this will determine the level of cover you can take out.
Factors that affect the maximum level of cover you can secure include:
With National Friendly, your health could also determine the maximum level of cover you can secure if you choose to answer two medical questions.
The optional medical questions require information about:
If you’re in good health, then answering these questions could be beneficial as you could be eligible for a larger pay out and a shorter waiting period without having to pay a higher premium.
At Reassured, over 50s life insurance starts from just £5 a month and there are no medical questions.
Below we have provided some example monthly premiums from two leading insurers we work with.
Prices are based on a non-smoker, taking out £4,000 of cover:
Age |
|
|
---|---|---|
50 | £13.75 | £12 |
55 | £15.48 | £14 |
60 | £17.35 | £16 |
65 | £20.67 | £20 |
70 | £27.36 | £27 |
75 | £38.75 | £39 |
80 | £53.54 | £65 |
85 | £72.29 | -x |
xOne Family only provide cover up to age 80, therefore we can’t display pricing for this age.
Compare over 50s life insurance quotes through Reassured to find your ideal policy at the right price.
Quotes are free, personalised and without obligation.
Please note, if you take out National Friendly over 50s life cover and write it in trust, you wouldn’t be able to make an early claim for terminal illness.
At Reassured, we offer a free trust writing service with selected over 50s life insurance policies and can provide all the information you need to make an informed decision.
Get in touch to make the most of our award-winning broker service.
Weighing up the pros and cons can help you decide if the National Friendly over 50s life insurance policy is the right choice for you and your loved ones.
According to their claims team, National Friendly paid out 96% of all insurance claims in 2023.
If you need to make a claim on your over 50s life insurance policy, you can contact the National Friendly claims team in the following ways:
Telephone: 03330146244 (08:00 - 18:00, Monday to Friday)
Email: info@nationalfriendly.co.uk
Write: National Friendly, 11-12 Queen Square, Bristol, BS1 4NT
This National Friendly life insurance review is an honest guide to their over 50s policy and what it can offer compared to other options available on the market.
The cost of over 50s life insurance and how much cover you can secure will vary greatly between different insurers, so it’s important to compare quotes.
Once you’ve shopped around, you can identify the best deals to suit your circumstances and make a fully informed decision as to which policy is right for you.
At Reassured, we can help you secure up to £20,000 (based on your personal circumstances and budget) to help cover your funeral and other expenses.
We also have an award-winning team on hand to help you choose the right cover and answer any questions you may have, without charging you a fee.
Simply fill in our short online form to receive your free, personalised quotes.
[1] https://www.defaqto.com/star-ratings/life-protection/over-50s-life-assurance?search=national%20friendly/
[2] https://www.fairerfinance.com/ratings/brands/national-friendly
[3] https://www.sunlife.co.uk/funeral-costs/
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