Life insurance
over 40

From the age of 40, it’s likely you're beginning to think about protecting your family financially if you were no longer around.

When arranging life insurance over 40, it's always best to compare multiple quotes to secure a good deal. At Reassured we can help you do exactly that.

We can arrange cover from 20p-a-day ^† and we don’t charge a fee for our award-winning broker service.

Simply get in touch to find cover and protect your loved ones today.

Read on for more information on life insurance over 40…

Deciding whether or not to arrange life insurance in your 40s will depend on your individual circumstances.

It can be an extremely beneficial time for anyone looking to protect the financial future of your family.

You're still a relatively young adult and can experience relatively low premiums with regards term-based cover, but old enough that a whole of life policy could be a cost-effective option.

It all depends on what it is you're looking to protect as to which type of cover best meets your specific needs.

From the age of 40, you may be looking to help protect the remaining balance of your mortgage, provide your loved ones with an inheritance or help cover funeral costs.

Ultimately, we believe that regardless of age, everyone would benefit from some form of life insurance.

Contact our award-winning team and we'll provide you with all of the information you require to make an informed decision.

The best life insurance if you’re over 40, will depend on your individual circumstances.

You should consider what aspects of your life you're looking to protect, the best type of cover to suit this and how much life insurance you need.

Different types of cover are better suited to protecting certain elements in your life.

Keep reading to determine the right type of life insurance to best meet your needs or get in touch for your free quotes.

For those wanting a guaranteed pay out, whole of life insurance provides cover for as long as you live and can be a good option in your 40s.

The sum assured remains fixed, meaning that regardless of whether you pass away 2 or 20 years into the policy, the amount paid out remains the same.

This type of cover does tend to be more expensive though as the insurer is certain to pay out at some point.

However, arranging whole of life insurance comes with an important trade-off.

Whilst typically the younger you are, the cheaper your premiums; you'll also be paying into the policy for a longer period, thus risking paying more into the policy than the overall sum assured.

In your 40s, the likelihood of this reduces, making it a much more appropriate time to consider whole of life cover.

To determine if whole of life cover is right for you, contact our team today for all the information you need to make an informed decision.

Unfortunately, in your 40s there's no option for obtaining cover without providing medical information, (regardless of what is said elsewhere on the internet).

An over 50s plan is the only form of life insurance which provides guaranteed acceptance without the need to disclose any health information.

However, the age criteria for this type of cover is 50 - 85 years old. So, if in your 40s, this makes you ineligible.

It may be tempting to hold out until you reach this age bracket, however, there are a number of things about over 50s plans it's important to know...

Whilst acceptance is guaranteed, premiums tend to be higher to accommodate the unknown risk to the insurer.

Therefore, even if your health is less than ideal, you may benefit from lower monthly premiums by disclosing your issues at a younger age.

Secondly, the sum assured is significantly lower than that available on either term-based or whole of life cover.

Both term-based cover and whole of life cover offer a potential sum assured of up to £1,000,000, whereas the maximum available through an over 50s plan is £20,000.

Therefore, it's important to consider the level of coverage you require.

Joint life insurance for over 40s could save you up to 25% on your premiums when compared with that of two single policies.

Joint cover provides protection for two people simultaneously, however, is only available with regards to term-based life insurance.

A pay out is made upon the first death, at which point the cover expires and the surviving partner is left unprotected and requiring new cover at an older age.

This could result in a significant premium increase if the original cover wasn’t arranged until in your 40s.

As a result, to ensure adequate cover, if your budget allows it's usually more beneficial to arrange two single policies.

To arrange over 40s joint life insurance, contact us today.

All over 40 term life insurance policies provided through Reassured come with terminal illness cover as standard at no extra cost.

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

The pay out can then be used to help fund whatever you like. For example, private medical treatment, make financial provisions for the future or simply enjoy with your loved ones.