What types of life insurance does SunLife offer? SunLife is a trading name of Phoenix Life Limited, which provides the over-50s policies. Today, it offers this core product alongside others aimed at an older age group, including funeral plans, home insurance and pet insurance. It launched its first over-50s life insurance plan in 1979.

SunLife opened its first office in London in 1810, and in 1900, became the first company to offer life assurance without the need for a medical. The brand was highly commended in Finder’s Customer Satisfaction Awards 2023, with customers giving it 4.5 out of 5 stars for service. They’re a type of whole-of-life insurance policy, so it won’t expire when you reach a certain age, though maximum payouts tend to be lower than traditional life insurance policies. Over-50s life insurance plans like SunLife’s pay out a guaranteed lump sum when you die.