OneFamily is a mutual life insurance company owned by its members rather than shareholders, with 170+ years of history since 1854. As a mutual insurer, profits are reinvested to benefit policyholders instead of being distributed to external shareholders, creating a unique alignment of interests between the company and its customers.

Mutual Ownership Structure

Unlike most insurers (Legal & General, Aviva, etc.) that are publicly traded companies owned by shareholders, OneFamily is owned by its members. This means: No shareholders demanding profit extraction, profits reinvested to improve products and service, members vote on major decisions, focus on long-term member value not short-term stock price.

Ethical Investment Approach

OneFamily screens investments for environmental and social responsibility. They avoid: Tobacco companies, weapons manufacturers, companies with poor environmental records, businesses with exploitative labor practices. They favor: Renewable energy, sustainable businesses, companies with strong ESG (Environmental, Social, Governance) ratings.

Guaranteed Acceptance

No medical exams, no health questions. Everyone aged 50-85 is automatically accepted regardless of pre-existing conditions, smoking status, or medical history. OneFamily guarantees acceptance for all eligible applicants, making it ideal if you've been declined for standard life insurance.

Fixed Monthly Premiums

Your premiums are fixed at the outset and will never increase, no matter how old you get or how your health changes. You pay the same amount every month for as long as you keep the policy, providing budgeting certainty.

Flexible Cover Amount

Choose cover from £2,000 to £20,000 based on your needs. Most customers select £5,000-£10,000 to cover funeral costs (average UK funeral: £4,000-£5,000) plus leave a small cash gift for loved ones.

24-Month Qualifying Period

If you die from natural causes within the first 24 months, your beneficiaries receive a refund of premiums paid (plus 10% interest), not the full cover amount. If death is accidental, full cover pays immediately from day one. After 24 months, full cover applies to all causes of death. Note: 24 months is longer than some competitors (Aviva, Legal & General offer 12 months).

Member Benefits

As a OneFamily policyholder, you become a member with voting rights on company decisions. The mutual structure means profits are reinvested to benefit members through better products, improved service, and potential bonus payouts rather than being distributed to external shareholders.

Ethical Investment Policy

Your premiums are invested responsibly according to OneFamily's ethical screening criteria. Investments avoid harmful industries (tobacco, weapons) and favor sustainable businesses, renewable energy, and companies with strong ESG ratings. This appeals to ethically-conscious customers.

OneFamily over 50s premiums are competitively priced, typically in the mid-range compared to other providers. Costs vary based on age, smoking status, gender, and cover amount. Premiums are fixed and never increase throughout your lifetime.

Lifetime Premium Payments

You pay premiums for life. Over time, total premiums paid may exceed the payout amount, especially if you live many years. Example: £30/month for 20 years = £7,200 paid, but only £5,000 cover received. This is the trade-off for guaranteed acceptance without medical underwriting. The value is in certainty and peace of mind, not financial return.

24-Month Qualifying Period Impact

OneFamily's 24-month qualifying period is longer than some competitors (Aviva, Legal & General offer 12 months). If you die from natural causes in the first 2 years, only premiums plus 10% interest are refunded, not full cover. This means you need to live 2+ years to access full coverage, which is important to consider when comparing value.

No Cash Value

If you cancel the policy, there's no cash value or refund of premiums paid. The policy only pays out on death, making it purely protection insurance, not a savings product. Once you start paying, you're committed to continuing or losing all value.

Ethical vs Cost

OneFamily's ethical approach and mutual structure are compelling for values-driven customers, but you may pay 10-20% more than the absolute cheapest providers. If ethics matter more than saving every penny, OneFamily is excellent. If price is your only concern, compare with SunLife.

24-Month Qualifying Period

OneFamily's 24-month waiting period is double that of Aviva and Legal & General (12 months). If you're in poor health and concerned about dying within 2 years, a shorter qualifying period elsewhere may be worth slightly higher premiums. The extra year of waiting could be significant.

OneFamily over 50s is an excellent choice if you value ethical business practices, mutual ownership, and responsible investing. The company's member-owned structure and 170+ years of history provide stability and alignment of interests. However, comparing quotes from multiple providers through LifePro ensures you get the best value - OneFamily isn't always the cheapest, though it offers unique ethical benefits.

Best For: Ethically-Conscious Over 50s

OneFamily is perfect for customers aged 50-85 who: Prioritise ethical investing and responsible business practices, value mutual ownership and member benefits over shareholder profits, want a company with 170+ years of stability, need guaranteed acceptance with no medical questions, are willing to pay slightly more for ethical alignment, are comfortable with 24-month qualifying period. If this describes you, OneFamily offers unique value beyond just price.