Shepherds Friendly Life Insurance



Shepherds Friendly Society is a UK friendly society providing over 50s Life Insurance. It is one of the oldest insurers in the world with over 100,000 members and headquarters in Cheadle, England. 

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The History of Shepherds Friendly

Shepherds Friendly first came into existence on Christmas Day 1826, when several groups came together to create a mutually beneficial society, with the aim to provide financial security to members unable to work due to sickness or injury. Almost 200 years later they are still making a positive difference to members’ lives, helping them plan their finances and being there for them when they are needed most. 


Shepherds Friendly Life Insurance Policy Review

Shepherds Friendly specialise in over 50s Life Insurance with guaranteed acceptance without requiring medical questions. 


Shepherds Friendly Policy Overview

Includes over 50's life insurance

Policyholders age  You can take out a policy between 50 and 80 years of age. 

Types of cover available  Whole of Life Cover.

Maximum Age 80 years old.

5-star rating

with independant rating firm Defaqto

Best Protection Service

ILP Moneyfacts Awards 2022

Best Claims Support

ILP Moneyfacts Awards 2023

Shepherds Friendly Life Insurance Cover

Available options with Shepherds Friendly Life Insurance

Life Insurance  Shepherds Friendly Options
Types of Cover offered

"Whole of Life", meaning it remains in place until you die. However, you only pay premiums for 30 years or until the
age of 90, whichever comes first.

Minimum Age Entry 50 years old
Maximum Age Entry 80 years old
Premium Options

The minimum monthly premium payable is £10 and the maximum monthly premium of £50.

Shepherds Friendly Key Insurance Key Benefits

Benefit Details
Reducing Monthly Payments You can choose to reduce your monthly payments at any given time, provided your premium is at or above the monthly minimum of £10. The "sum assured" amount would then be reduced to reflect the payment change.
Guaranteed Acceptance Acceptance for the plan is guaranteed if you are aged between 50 and 80 and are a resident in the UK or the Isle of Man. You can also live abroad during your plan, provided you were a resident in the UK when you took out the plan and maintain an active UK bank account.
Optional Funeral Benefit This allows you to nominate your lump sum to be received by Co-Operative Funeralcare towards the cost of your funeral in the event of death. This will include a discount of up to £250 from the final cost of your funeral. 
Access to Bereavement Services Your estate has access to the National Bereavement Service, a not for profit organisation offering counselling, guidance and support.


How to Make a Claim

To make a claim you need to call Shepherds Friendly on 0800 526249. Email:

Claims lines are open Monday - Thursday 9am to 5pm and Friday 9am to 4pm.


Frequently Asked Questions

What happens if I out-live my Term Life Insurance policy?

A Term Life Insurance policy does not provide a cash sum if you are still alive at the end of the term. Premiums tend to be lower for such policies as the majority will out-live their policy. Term Life Insurance policies are generally taken out by people who do not want to leave any financial burden on their family such as mortgage payments.

What is the difference between Over 50’s and Whole of Life Cover?

Both policies will pay out a lump sum upon your death at any age. Generally speaking, Whole of Life cover tends to have cheaper premiums over an Over 50’s plan as you have to disclose your medical information. The most cost effective option for you depends on whether you would benefit from your medical history being disclosed or not. Although the premiums of a Whole of Life policy tend to be lower, you will pay the premium until you pass away, whereas Over 50s plans often have an upper age limit. While your cover will remain, you are no longer required to make payments - usually when you reach 90 years old or the 30th anniversary of your policy.

Can I add Critical Illness to my Life Insurance?

Yes, should you suffer a serious illness Critical Illness cover will pay out a tax-free sum. This can be an add on to your Life Insurance policy or bought separately. Speak to one of our expert advisors to find out which policy would best suit your needs.

Who gets the money if my children are young when I die?

Setting up a Life Insurance policy is designed to protect loved ones and writing the policy into trust goes a step further in achieving this goal. This enables you to select who would hold the money for your children until they reach a certain age should you die. This will often be a partner, sibling or close friend as they will have a legal responsibility to carry out the wishes of the person creating the trust.


Will my cover cost more as a smoker?

Life Insurance is a risk-based product and so with the significant health impacts that smoking can have on a person, the insurance companies will charge someone a higher premium should they smoke. A smoker is usually defined as someone who has used any nicotine product in the last 12 months although some insurance companies have changed this to longer periods. If you took a policy while smoking and you no longer smoke, you should contact us to review your policy.

Will my cover cost more if I vape?

Vaping is a recent trend which insurance companies and health bodies have had to educate themselves on. The vast majority of e-cigarettes still contain a level of nicotine which can be addictive and so anyone who uses such products will still be classed as a smoker.

Is my premium fixed?

Most people tend to like the idea of their premium never changing as it provides stability and peace of mind – these are known as guaranteed premiums. Reviewable premiums are sometimes opted for whereby the premium can start at a lower amount but increase over of the course of the policy.

Will my Life Insurance payout be taxable?

No, your insurance payout will not be liable for tax.


Shepherds Friendly Over 50s Life Insurance Policy Documents

For the Key Facts and Policy Terms & Conditions documents, see below.


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Life Insurance Guides

Below are our in-depth guides to help you understand Life Insurance better and learn more about how it works. Don't forget our advisers are always at the end of the phone to offer free, expert advice should you prefer to speak to someone in person.