What is instant life insurance?

Instant life insurance can provide immediate financial protection for your loved ones and peace of mind for you.

It pays out a cash lump sum if you pass away during a set period. The funds can be used to help cover essential costs such as:

  • Mortgage repayments
  • Unpaid debts
  • Family living costs
  • Childcare and school costs
  • Funeral costs

Affordable life insurance can be arranged quickly and easily through a broker, such as Reassured.

We can compare instant quotes for all the main types of policies from a panel of top UK insurers.

Our award-winning team can help you find the right cover, at the right price, within minutes.

Even if your circumstances aren’t straight-forward, we’ll do our best to get you an instant decision.

Make the most of our fee-free, no-obligation comparison service today to find the best instant life insurance quotes we can offer.

How to get instant life insurance

You can get instant life insurance two different ways through Reassured.

Simply choose the best option for you:

1. Instant quotes & apply online

Our buy online service is the fastest way to get instant term life insurance quotes and apply for a policy online.

  • Only available for level or decreasing term life insurance
  • Shortest online application form in the market (23 clicks)
  • Compare multiple quotes quickly & easily at your own leisure
  • Support from experts at any point during the application process
  • Instant cover as soon as you’re accepted

If you’re in good health and you know which policy you need, this could be a good option.

Simply head to our buy life insurance online page to find out more information and get instant quotes.

2. Instant quotes & apply with support

Speak to one of our experts to get free instant life insurance quotes for a range of policy options.

  • Compare quotes for term life insurance, whole of life insurance or over 50s plans
  • Expert guidance throughout the entire application process
  • Specialist impaired risk team to assist those who may be considered high risk
  • Instant cover as soon as you’re accepted (excluding over 50s plans)

If you think you’ll need extra support finding the right policy or filling in the application form, this may be the best option for you.

How much instant life insurance do you need?

Fill in the costs you’d like your policy to cover and get an instant calculation of how much life insurance you may need.

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£137,934 is the estimated mortgage debt per household in the UK.

The purchase of a home is likely to be the largest financial commitment any of us will make in our lifetime. Your life insurance should cover your remaining mortgage balance to allow your loved ones to stay in the family home should anything happen to you.

Source: Moneynerd.co.uk

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The average monthly household budget in the UK is £2,548 (that’s £30,576 per year), which is spent on transport, food & drink, utilities (gas, electricity, water etc), clothing, council tax and leisure activities.

With energy prices hitting a record high and the cost of living rising sharply in the UK, you may wish to factor in utility bills and family living expenses into your cover.

Source: Nimblefins.co.uk

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The average personal debt of UK adults has risen to £34,566 (not including mortgage debt), with credit cards, personal loans and overdrafts being the most common forms of debt.

Factoring in any debts into your life insurance cover means that, if they need to be paid back from your estate after your passing, your loved ones won’t miss out financially.

Source: Money.co.uk

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According to SunLife, the average cost of a funeral in the UK is £3,953 (with the overall cost of dying at £9,200).

Funeral costs have increased by 116% since 2004 and are a significant cost which should be factored into the amount of life insurance you secure.

Source: SunLife.co.uk

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When factoring in cover for your children, you may wish to calculate the amount based on how long it is until they reach financial independence.

This could include childcare (£7,000 per year for part-time care), school expenses (£1,519 per school year for uniforms, lunches, stationary etc), as well as an additional sum for further education (this could be a contribution of up to £5,000 per year).

Sources: Daynurseries.co.uk, Primarytimes.co.uk & Savethestudent.org

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2 in 5 adults say they are relying on an inheritance to fund their retirement.

Factoring in an inheritance to your sum assured could allow loved ones to live a more financially comfortable life. Alternatively, you could leave a cash gift to a charity of your choosing.

Source: Moneyage.co.uk

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If you’re lucky enough to have your own savings or are part of the 30% of UK residents who already have a life insurance policy in place, this can provide financial protection for loved ones.

By entering your current cover, savings or death in service amount you can reduce the sum assured you require.

Source: Scottishbusinessnews.net

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Your total cover estimate

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Let us find you our best quotes.

Instant term life insurance

Instant term life insurance

Policy key features

  • Provides instant family protection for a specified period (usually 2 - 40 years)
  • Pay out up to £1,000,000
  • Choose between a fixed or decreasing sum assured
  • Requires your medical information
  • Free terminal illness cover
  • Quotes from 20p-a-day through Reassured

Term life insurance is the most popular type of life insurance and usually the cheapest.

At Reassured, we offer two types of term-based cover; level term and decreasing term life insurance.

Level term life insurance - often taken out to help protect a mortgage and/or family living costs. Provides a fixed amount of cover (sum assured) for a set term and will pay out if the worst were to happen to you during the term.

Decreasing term life insurance - often taken out to help protect a repayment mortgage, as the sum assured can decrease in line with your outstanding mortgage debt. It will pay out if you pass away during the set term.

Whilst it's possible to arrange term life insurance instantly, the application process does require information about your health and lifestyle.

We'll always endeavour to get you instant cover, but in some less than ideal circumstances, your application may require further information or a referral.

In any instance, we have a team of life insurance specialists dedicated to helping you get the right cover as soon as possible.

Instant life insurance no medical exam (over 50s plan)

Instant life insurance no medical exam

Policy key features

  • Guarantees acceptance to UK residents aged 50 - 85
  • No medical exam or questions
  • Guaranteed fixed pay out (up to £20,000)
  • 12 or 24 month waiting period before full cover starts
  • Quotes from 20p-a-day through Reassured +

An over 50s plan is a popular type of life insurance where you don’t have to answer any health questions or undergo a medical exam when applying.

If you’re aged 50 - 85 then you’ll be accepted instantly for a policy, even if you have a pre-existing medical condition or any other high-risk factors.

You can secure up to £20,000 (depending on your personal circumstances and budget), which could be used to help cover your funeral or as a small inheritance.

While it’s possible to get an instant decision when applying for an over 50s plan, you’ll need to wait a period of time before you’re fully covered.

This ‘waiting period’ is usually the first 12 or 24 months, during which the policy will only pay out for accidental death, not natural death.

If you pass away due to natural causes, any premiums paid will be refunded to your loved ones.

If you’re looking for life insurance that offers instant peace of mind, an over 50s plan may not be the right option for you.

At Reassured, we can talk you through the options we have available to you and provide all the information you need to make an informed decision.

Instant whole of life insurance

Instant whole of life insurance

Policy key features

  • Provides instant family protection for the rest of your life
  • Guaranteed fixed pay out up to £1,000,000
  • Requires your medical information
  • Quotes from 27p-a-day through Reassured ±

Whole of life insurance lasts for the rest of your life, meaning that a pay out is guaranteed when you pass away.

Your loved ones can use the funds to help cover:

  • Outstanding debts
  • Family living costs
  • Funeral expenses
  • Inheritance tax

As with term life insurance, you’ll need to provide information about your health and lifestyle during the application process.

This means it’s not always possible to get an instant decision when applying for this type of cover.

For example, if you have a pre-existing medical condition then an insurer may request to see a GP report for further information.

However, once you’re accepted, the cover will start right away – unlike an over 50s plan which has a 12 or 24 month waiting period from the start of the policy.

If you’re considering whole of life insurance then it’s important to bear in mind that you’ll need to pay premiums for the remainder of your life, which can be a long time if you’re young and in good health.

In this instance, there’s a chance you could pay more into the policy than what pays out. If you fall into this category, you may benefit from exploring term life insurance instead.

Can you get life insurance with no waiting period?

Yes, most standard life insurance policies will provide instant cover for both natural and accidental causes of death as soon as your application is accepted.

The one exception to this is an over 50s plan which typically has a waiting period (or ‘qualifying period’) of 12 or 24 months, depending on the insurer.

Accidental death is often instantly covered from the moment you take out the policy, but natural death cover doesn’t start until after the waiting period.

In the event you were to pass away due to natural causes within this period, no lump sum pay out would be made, but all premiums paid would be refunded.

If you’re looking for life insurance with no waiting period, you may consider term life insurance or whole of life insurance which both offer immediate cover.

The cost of instant life insurance

Life insurance starts from just 20p-a-day through Reassured.

However, the exact amount you’ll pay is calculated based on a number of factors, including:

Insurers use this information to determine the risk of a claim and price your premiums accordingly.

The more likely you are to make a claim, the higher the cost of your life insurance premium.

The tables below show example premium prices for some of the different policies we offer.


Instant term life insurance

Example monthly premiums are based on a non-smoker, in good health, taking out £100,000 of cover with a 20 year term:

AgeDecreasing term
monthly premium
Level term
monthly premium
20£3.50£3.59
25£3.50£4.34
30£3.85£4.38
35£4.50£5.63
40£5.39£8.12
45£7.61£11.67
50£11.20£17.26

Over 50s life insurance (over 50s plan)

Example monthly premiums are based on a non-smoker taking out £4,000 of cover:

AgeDecreasing term monthly premium
50£13.75
55£15.48
60£17.35
65£20.67
70£27.36
75£38.75
80£53.54
85£72.29

Whole life insurance

Example monthly premiums are based on a non-smoker, in good health, taking out £100,000 of cover:

AgeDecreasing term monthly premium
25£65.43
30£72.10
35£84.56
40£103.03
45£126.75
50£150.17


To ensure you aren’t paying more than required for your life cover, it's best to compare quotes.

At Reassured, we can use our award-winning skills to help you find an appropriate policy, (without charging you a fee).

Free instant life insurance

Reassuringly, some life insurance providers offer free instant life cover if they can’t give you an immediate decision on your life insurance.

While most people can get the cover they need quickly and easily, in some cases, an insurer may require further information before proceeding with an application.

This could be in the form of:

  • A medical report
  • A mini screening
  • A medical exam

If this happens, you may benefit from free cover on a temporary basis until the insurer has made a decision about your application, or up until a certain date.


The table below shows the types of free instant life insurance available with some insurers:

InsurerFree instant cover benefit
Aviva Protection promise
Aviva
provides free instant life cover for the amount you’ve applied for (up to £500,000) until they’ve made their decision, or for up to 90 days
Legal & General Accidental death benefit
Legal & General
provides instant accidental death cover for the amount you’ve applied for (up to £300,000) until they’ve made their decision, or for up to 90 days
AIG logo Immediate cover
AIG
provides instant life cover for the amount you’ve applied for (up to £1,500,000) until 14 days after they’ve made their decision or for up to 90 days
Zurich logo Free cover
Zurich
may provide free temporary life cover with their policies if they can’t give you an instant decision

The information in this table is taken from the individual provider’s websites and is subject to change at any time. Further terms and conditions will also apply, please see your policy details for more information

If you think your application may be delayed due to health or lifestyle factors, get in touch with Reassured.

We can compare quotes for the insurers mentioned above who can offer free temporary cover while you wait for a decision.

Instant life insurance with critical illness cover

Critical illness cover provides you with a lump sum pay out if you’re diagnosed with a serious, yet non-life threatening illness, such as:

The pay out could help to replace your income while you’re unable to work and cover a range of costs such as:

  • Mortgage or rent payments
  • Household bills and family living expenses
  • Private medical fees
  • Making necessary adaptations to your home

It’s possible to add critical illness cover to any term life insurance policy taken out through Reassured for an additional cost.

This will protect you in the event that you become seriously ill or if you pass away during a set term.

Compare instant life insurance with critical illness cover quotes through Reassured to find an affordable deal. Quotes start from just 33p-a-day º .

Instant life insurance with terminal illness cover

All term life insurance policies arranged through Reassured come with terminal illness cover as standard.

This means that if you're diagnosed with a terminal illness and given less than 12 months to live, you can make an early claim on your policy.

Illnesses covered include:

The pay out could help you get your financial affairs in order, and help to cover a range of costs such as:

  • Home carer fees
  • Private medical fees
  • Making necessary adaptions to your home
  • Funeral fees

As mentioned, when you take out term life insurance through Reassured, this additional level of protection will be included with your policy at no extra cost.

Compare FREE instant life insurance quotes

If you’re looking for life insurance that starts immediately, you can secure financial protection instantly through Reassured.

As the UK’s largest life insurance broker, we can compare multiple quotes from a panel of top UK insurers to help you find a fantastic deal.

You can also make the most of our expertise as we’re able to identify the insurers most likely to give you an instant decision on your application.

Our award-winning and highly efficient team are on hand to help you find the right policy at the right price as quickly as possible.

Reassured has helped protect more than 2 million families in the UK, why not let us help you save time and money today?

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