Can you get life insurance over 70?

Yes. Securing affordable over 70 life insurance is still very obtainable and you have multiple policy options.

From the age of 70, your life insurance options include:

An award-winning life insurance broker, such as Reassured, can help you determine which policy best meets your unique needs.

We compare multiple quotes to secure you the best possible deal, (and don't charge a fee).

We can also guide you through the application process and help write your policy in trust, (avoiding 40% inheritance tax).

Learn all about over 70 policies below and how we can help you secure the right cover...

Do I need life insurance after 70?

It depends on your financial situation as to whether you still require life cover in your 70s.

If you're a homeowner, generally speaking, at this time of life your mortgage is cleared.

It could be that you had term-based cover in the past to protect a mortgage, however, this cover has expired.

So, you probably won't require life insurance to protect the home, however, there are other costs to consider:

  • Do you need to provision for the future living costs of a partner/dependant?
  • Do you have the finances to meet the cost of a funeral? (Average cost £4,184[1])
  • Do you want to leave an inheritance to loved ones?
  • Do you have outstanding debt you would like to clear?

Regardless of the purpose of your life cover, rest assured there is an option to meet your needs.

How much life insurance do you need?

Enter your financial commitments below to understand the level of over 70s life cover you require.


£121,687 is the estimated average outstanding mortgage per household in the UK.

Our property is generally the largest financial commitment any of us will make.

Your life insurance should cover this significant debt should you no longer be around.


According to Money Advice Service, full-time childcare in the UK now costs £242 a week.

The loss of a parent could result in the need for additional childcare whilst the surviving parent increases their hours to account for lost income.

Your life insurance cover should factor in this additional required outgoing.


The average level of debt (minus a mortgage) in the UK is £15,385.

Factoring in any outstanding debts in your name when arranging life insurance ensures this burden is not passed to loved ones.


You may wish to leave your loved ones an inheritance or lump sum gift upon your passing.

Factoring in the gift amount when arranging your cover will ensure the pay out amount will be sufficient to provide your loved ones with this selfless gesture.


According to SunLife, the average cost of a UK funeral is now £4,417, whilst the total cost of dying is £9,493.

This is a 130% increase over the past 16 years and shows no signs of slowing down.

A significant cost which should be factored into the amount of life insurance you secure.


If you are one of the 65% of the UK who are lucky enough to have savings, this could be used as protection if you were to pass away.

Any pay outs from existing life insurance policies and investments can also be used as financial protection for your loved ones if you were no longer around.

Factor this into your required cover amount.


Your total cover estimate

£ 0

Let us help you find your best quotes

Compare life insurance over 70

When you're in your 70s, the cost of life insurance can vary significantly between providers.

Age thresholds, waiting periods and policy terms can also differ.

However, by using our award-winning brokerage, you can compare a wide panel of insurers fee-free.

Simply contact our team to ensure you secure the best deal on your life insurance.

How much is life insurance for a 70 year old?

As discussed, the cost of life insurance can differ between insurers.

Due to your age, your monthly premiums will be more expensive than that of your younger counterparts.

This is because as you age, the risk you pose to the insurer increases.

Your current health also has a strong influence on the cost of premiums.

However, at Reassured we can arrange over 70 life insurance from as little as 30p-a-day.

Why is life insurance for over 70s more expensive?

It's no secret that the cost of life insurance increases as you age, (as a claim is more likely).

This is due to the following reasons:

  • You're more likely to have suffered a medical condition
  • You're at higher risk of developing a future medical condition
  • The older you are, the shorter your life expectancy

This makes it even more important to seize the day if you're deliberating taking out cover.

Best life insurance for over 70

The best type of life insurance will depend on your personal circumstances and what it is you want to protect.

Different types of life insurance are better suited to protecting different aspects of your life.

For example, if you only need to cover rising funeral costs, a prepaid funeral plan may suffice.

However, if you wish to leave an inheritance as well, an over 50s plan or whole of life cover may be more suitable.

As discussed, the cost of your cover is likely to be higher due to your age, however, other factors need consideration:

  • Smoking status
  • Health
  • Medical history
  • Level of cover
  • Type of policy
  • Length of cover

Contact our team today to discuss your options and determine the best cover to suit you.

Let's look at the four main over 70 policy options available...

Term life insurance over 70

  • Protects you for a specified term
  • Provides a cash lump sum pay out to loved ones
  • Level or decreasing term options available
  • Medical questions asked on application
  • Less suitable/cost-effective option as you age

With term-based life insurance, you pay a monthly premium and if you pass away within this set time period (term), a lump sum is paid out.

Unfortunately, if your application is accepted, this type of cover is unlikely to be cost-effective in your 70s as a pay out is more likely.

Term-based policies tend to have a maximum age limit for which they'll provide cover until, for example, 84 years.

Therefore, if you take out a policy at the age of 72, your policy may only last a maximum of 12 years.

It may be that this term length is not sufficient, or that you require a guaranteed pay out, meaning this type of life insurance is not the most appropriate for you.

By contacting Reassured, we can ensure you have all of the information you need to make an informed decision.

Key benefit: If in good health you could secure a larger sum assured, compared with that of an over 50 plan.

Over 70 life insurance no medical, (over 50s plan)

  • Guaranteed acceptance (UK residents aged 50-85)
  • No medical information required
  • Guaranteed pay out
  • Premium payments could cease at a certain age
  • Up to £25,000 cover protection

Over 50 plans provide cover for a specified sum assured, (pay out amount). Acceptance is guaranteed and no medical information is required for UK applicants aged 50-85.

An over 50s plan lasts for the rest of your life, assuming you pay your premiums, making it a form of life assurance.

This means that a pay out is guaranteed when you pass away, rather than if you pass away.

The cost of your premiums aren't calculated using any medical information, just your age and smoking status.

At the age of 70, it's likely your premiums will be more expensive, so it's important to consider your budget and whether you can afford the ongoing payments, especially once retired.

With a number of over 50 plans, once you reach aged 90 or 30 years after the start of the policy, premiums cease but cover remains in place.

Therefore, it's important to consider the cost of your premiums and the time until you reach 90, as it's possible you could pay more into the plan than the sum assured.

An over 50s plan waiting period

Over 50 plans employ a waiting period at the beginning of the policy, which lasts 12 or 24 months.

This is sometimes referred to by insurers as the qualifying period.

This means, if you pass away due to natural causes during this initial period, a pay out won't be made, (although the premiums paid will be returned).

However, death caused as a result of an accident is still eligible for a claim.

Key benefit: You're guaranteed acceptance if aged 50-85 and there are no health questions or medical exam.

Whole of life insurance for over 70s

  • Cover lasts for the rest of your life
  • Guarantees a pay out
  • Offers a greater level of cover than an over 50s plan
  • Provides a lump sum pay out to loved ones
  • Medical questions asked on application

Whole of life insurance could be a great option if in your 70s, especially if you're in good health. A pay out is guaranteed and can be used to fund whatever your beneficiaries deem fit.

Unlike an over 50s plan, a whole of life application involves health-related questions and possibly a medical exam.

Providing details of your medical history or undergoing a medical could allow you to secure the same level of cover as an over 50s plan but for a lower premium.

"A regular whole of life insurance plan could give you at least 40% more cover than its heavily advertised relation, the guaranteed over 50 plan."[2]

However, the cost of your life insurance premiums is still calculated based on the level of risk you pose to the insurer.

On account of being over 70, this is likely to be deemed relatively high and therefore your monthly premiums could be costly.

Like an over 50s plan, whole of life is a type of life assurance, meaning that when you die, your beneficiaries are assured a pay out.

Whilst the cost of whole of life cover may be less than an over 50s plan, unlike over 50s premiums which can stop at the age of 90, whole of life premiums continue until the day you die.

Again, this means that it's possible to pay more into the policy than your loved ones will receive as a pay out.

This type of life insurance can be suitable for covering the cost of a funeral, clearing outstanding debt and/or providing an inheritance.

As with all policies, monthly premiums can vary significantly from insurer to insurer. So, it's best to compare quotes.

Key benefit: A pay out is guaranteed and you could secure a greater sum assured, with a lower premium, compared with an over 50s plan, (if in good health).

Funeral plans for over 70s

  • Locks in today’s cost of a funeral, (avoiding future rate rises)
  • Guaranteed acceptance (no medical questions)
  • Different payment options available
  • Allows you to determine all aspects of your funeral

Funeral plans cover the cost of your funeral and applicants over 70 are guaranteed acceptance.

The cost of your plan won’t change depending on your age as it's set by the current going rate of a funeral.

This means that regardless of rising funeral costs, currently 128% over the past 16 years[1], you'll pay no more than today’s rate.

Some funeral plans only cover the cost of the funeral director fees, and not all third-party fees such as cremation or burial fees and minister fees, (although a contribution may be made).

However, at Reassured, we can arrange a Co-op funeral plan that guarantees to cover essential funeral director services and all third-party fees at today’s price*.

Generally speaking, there are three payment options:

  • One-off payment
  • 12 monthly payments
  • Monthly instalment plan 2 - 25 years (incurs instalment charges)

Both the one-off payment and 12-monthly payment options are available for those aged 70 and over.

In regard to monthly instalments, the payment term for someone over 70 is more restricted, as payments must be completed by a certain age (usually by your 80th or 85th birthday, depending on the plan provider).

Contact us today to compare quotes and find the right plan to suit your needs.

Key benefit: You can lock in the cost of a funeral at today's rate, avoiding the spiralling cost. You can also arrange your own ceremony.

Joint life insurance for over 70s

Joint life insurance policies are cheaper compared with two single policies but don't offer the same level of security for the surviving partner.

Taking out a joint policy can reduce your premiums by approximately -25%, ideal if you're on a tight budget.

Some policy types offer a joint option, but before taking this, there are some things to consider.

A joint policy will only pay out once, usually on the first death.

The pay out is made directly to the surviving partner, however, it'll then leave them uncovered as the policy expires.

They're then at risk of not having adequate protection or having to source new cover, which could prove difficult due to them being older and perhaps in poorer health.

For this reason, if it's financially viable, taking out two single policies would provide a greater level of cover for both parties.

Joint life insurance is available with whole of life and term policies, therefore, could be an option for those in their 70s.

Can you have a joint funeral plan with your partner?

Yes. It’s possible for over 70s to secure a joint funeral plan arrangement.

Certain funeral plan providers allow you to put two names on the plan. Therefore, it can be used for either partner, depending on who passes away first.

A joint funeral plan lessens the financial pressure placed on the first death. When the second partner dies, the estate could then fund the cost of the funeral.

Although, there could be pressure on your loved ones to pay for the service before your estate has been settled and distributed.

Over 70 life insurance in trust

Regardless of your age when taking out life insurance, it could be very beneficial to write your policy in trust.

Writing your policy in trust passes ownership of your life insurance over to someone you trust (a trustee), similar to an executor of a will.

Writing your life insurance in trust brings three key benefits:

  • Avoids/minimises your inheritance tax (IHT) liability, (40% over £325,000)
  • Avoids probate, for a faster pay out
  • Allows you more control over your policy and the proceeds

At Reassured we're able to offer a free trust service on the majority of the policies we arrange.

Contact our dedicated customer service team to make the most out of your selfless investment.

Are you approaching your 80s? Read our in-depth article on over 80 life insurance options »

Critical illness cover

It's possible to take out critical illness cover over the age of 70, but it's likely to be very expensive.

Critical illness cover offers a pay out if you're diagnosed with a serious, yet non-life-threatening illness. For example, a stroke, heart attack, blindness or some cancers.

It's possible to obtain this type of cover, although it comes at an additional cost.

Due to the increased health risks to those over 70, it's likely the cost of this add-on is going to be significant and therefore, may not be worthwhile.

Terminal illness cover

All policies provided through Reassured come with terminal illness cover as standard.

The one exception to this is an over 50s plan.

Terminal illness cover means that you can make an early claim if you're diagnosed with a life-threatening illness and given 12 months or less to live.

An early pay out could be used to settle your finances prior to your passing or perhaps pay for a private carer.

Life over 70 - An ageing UK population

It's a welcomed fact that people in the UK are now living longer than ever before.

However, this does mean we also have to financially provision for a longer life.

Since 1970, the average life expectancy has risen by approximately 10 years, from 71 to 79.5 years for men and 83.1 years for women[3].

As a result, people are arranging life insurance later in life, or needing to renew cover due to outliving their previous policy.

With the cost of funerals rising rapidly and the rising cost of living increasing for those left behind, the importance of arranging over 70 life insurance has never been so prominent.

Contact our dedicated team today to ensure your loved ones are fully protected.

Compare over 70 quotes, (save yourself time & money)

Whether you choose life insurance or a funeral plan, the cost and terms within an agreement can vary significantly.

Using a broker, such as Reassured, allows you to easily compare a range of insurers to help you find the best solution.

We'll take into account what it is you're looking to cover, your budget and the key factors which are important to you.

Then we'll provide you with multiple policy quotes and information to help you make an informed decision.

Lastly, we can support you through the application process, explain any jargon and help write your policy in trust.

And the best part; our award-winning life insurance broker service is completely fee-free.


*Gold and Silver Co-op funeral plans are the only plans we arrange that are fully guaranteed and cover all third-party fees for either cremation or burial (except the cost of a burial plot)

[1] SunLife (2021), Cost of Dying Report,



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