How much does £250,000 life insurance cost and what can it…
One of the most frequently asked questions by applicants is ‘how much is a £100,000 life insurance policy?’
Whilst the answer to this question can vary, depending on the insurer and your personal circumstances, it’s possible to secure up to £100,000 of life insurance cover from just £3.50 per month through Reassured^.
Compare life insurance quotes through an FCA-regulated and award-winning broker, such as Reassured.
Comparing multiple quotes can allow you to find the right policy for your needs, at our best price.
All quotes through Reassured are personalised, fee-free and no-obligation, so why not get in touch?
£100,000 of life insurance cover could help to protect a variety of financial commitments for your loved ones and other costs, including:
Speaking to a life insurance expert can help you establish your reasons for needing cover, allowing you to make an informed decision about your life insurance policy.
If you’re struggling to work out how much life insurance you need to leave, why not enter your financial commitments into our handy calculator below to estimate your cover amount?
The monthly cost of a £100,000 life insurance policy will depend on the policy type you take out and your personal circumstances.
The price you pay for life insurance is based on the level of risk you pose to the insurer; the higher the risk, the more you’ll pay for your cover.
How much cover you take out is a factor that can influence the price you pay, as well as:
These factors will be assessed during the application process and your life insurance premium will be calculated accordingly.
As you can see from the table above, the price you pay for £100,000 of life insurance cover can vary between different insurers.
To find our best rates for a £100,000 life insurance simply contact us today for your free quotes.
We work with a panel of insures, including some of the UK’s best life insurance providers.
The average price for life insurance depends on your personal circumstances and the policy you take out.
However, using our internal sales data we can provide the average monthly premium for policies we helped arrange in 2022:
|Policies with a sum assured of £75,000 - £100,000||Policies with a sum assured of £100,000 - £125,000|
|Average premium price||£37.83||£40.58|
This data has been calculated from 5,025 life insurance policies with a sum assured of £75,000 - £100,000 and 12,492 policies with a sum assured of £100,000 - £125,000, sold between 01/03/22 and 01/02/23
While this is the average price for life insurance, this may not be the price that you pay.
The cost of life insurance can vary significantly from person to person as your personal circumstances will be taken into consideration to calculate your monthly life insurance premium.
Comparing quotes can help you to secure an affordable policy that meets your needs. Contact Reassured today for your free quotes.
Read more about the average life insurance cost UK in our in-depth guide »
Whether you need a life insurance policy with £100,000 of cover will depend on your personal circumstances and what you’d like to cover.
By assessing what aspects of your life you’d like to protect (such as the ones listed above) you can estimate how much cover you’re likely to require.
For example: remaining mortgage balance + family living costs (until children reach financial independence) + funeral costs = required sum assured.
It may be that you require more or less than £100,000 of cover. Everyone has different needs and different reasons for securing life insurance, so cover amounts can vary significantly between applicants.
If you’re looking to secure a life insurance policy with £100,000 of cover, there are multiple options available. These include:
Due to the guaranteed nature of whole of life insurance, premiums for a £100,000 life insurance policy are likely to be much greater than with a term life insurance policy. However, this isn’t to say premiums can’t be affordable.
The option that’s best for you will ultimately depend on what you’d like to cover and your available budget.
Comparing quotes through Reassured can help find the right policy for your needs at an affordable price. Simply get in touch today for your free quotes.
It can be possible to take out £100,000 life insurance with no medical exam.
It’s unlikely that insurers will request for you to undergo a medical exam when taking out life insurance.
However, they have the right to do so if they deem it necessary (for example, if they need to get a better understanding of your current health and wellbeing).
Insurers also have the right to request your medical records from your GP, but your records can only be released with your permission.
Whilst you may not be required to undergo a medical exam when securing £100,000 of life insurance cover, you’ll need to answer medical questions during the application process.
This is part of the standard application process and will allow insurers to assess your level of risk and calculate your monthly premium.
For seniors, over the age of 50, the most popular form of life insurance is an over 50s plan.
Unfortunately, with this policy type, the maximum amount of cover you can secure is up to £20,000.
Over 50s plans don’t require you to provide any medical information and guarantee acceptance to those aged 50 - 85. Therefore, to compensate for the unknown risk, cover is capped at a lesser amount.
It’s still possible to secure term or whole of life insurance (with a potential sum assured of £100,000) in your senior years. However, your age and health will influence the price that you pay.
Below are example quotes for a level term life insurance policy (10 year term) for £100,000 of cover. Quotes are based on a non-smoker in good health:
|Age||£100,000 level term price per month|
As highlighted by the table, the price you pay for life insurance can increase significantly as you get older.
For this reason, it could be beneficial to secure cover before your senior years. For example, taking out life insurance in your 40s could be more cost effective than getting £100,000 life insurance at 60.
Alternatively, comparing quotes can help you to find the most suitable life insurance for seniors, why not let Reassured help you to do this?
Yes, it’s now possible to buy life insurance online via some insurers, comparison sites and brokers.
If you’ve conducted your own research and you know that £100,000 is right for your needs, you can quickly and easily compare quotes using our online journey.
This allows you to secure cover at a time and place that suits you.
Why not check out our dedicated buy life insurance online page for more information?
If you’d prefer to speak to someone, a friendly member of our team will be happy to talk through your needs and provide you with all the information you need. Simply get in touch.
If taking out £100,000 life insurance, this will be the amount that’s paid out to your loved ones upon your passing.
With most life insurance policies your pay out amount remains level, this means it remains the same throughout the policy lifetime.
The exception to this is with decreasing term and increasing term life insurance:
Through Reassured it’s possible to take out cover with a pay out amount of up to £1,000,000, however this will be subject to your individual circumstances.
Although £1,000,000 is an extremely generous sum to leave your loved ones, it’s important to secure a policy with a cover amount which meets your needs.
Taking out excess cover means you could be paying much more for your premium than is necessary.
An expert member of our team can talk through your needs and provide you with all the information you need to make an informed decision.
We can also help you compare quotes to find our best deal on a policy that’s right for you.
At Reassured we can help you to compare quotes for £100,000 life insurance.
We work with a panel of the UK’s best insurers (and smaller specialists) to allow you to find the right policy to meet your needs at a price that’s within your budget.
We can also walk you through the application process and answer any questions you might have, while providing all the necessary information.
Simply get in touch today to get your free quotes from a friendly member of our team.
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Yes very pleased with my choice very helpful easy to understand and very pleasant transaction all good!Mrs M Rushworth
Very professional and reassuring. Life insurance sorted in about 10 minutes.Stephen Davies
very courteous and friendly. Polite professional and empathic.Stedroy Fenton
Another happy customer I am. They are very professional and kind. Fully communicative. I recommend.Piotr Stepien
Really attentive during the call, good clear guidance throughout. Well done.Michael Reynolds
Amazing service quick fast and easy and Joey was a star on the phone really help me thanks.Sera Woolley
I made the right choice and now I feel relieved that I did.glyn
Really genuine kind and compassionate team with great knowledge and friendly approach highly recommend them!Katelia Merritt
I must say Jake took me through every step and was brilliant, recommend them anytime.Allan Green
Very happy and everything explained well, so glad a took the time to take the call, normally I would say I'm busy. But compared to other company's we save so much more money.Jenny Berry