Can you get life insurance over 70?

Yes, the good news is that you can still secure affordable life insurance over 70.

With the help of a specialist life insurance broker, like Reassured, it’s quick and easy to discover your available options and secure the best quotes.

From the age of 70, you can apply for the following policies:

The type of policy that’s right for you will depend on your personal circumstances and budget.

An over 50 plan is the only form of life insurance that you can get which doesn’t require any medical information.

Whole of life insurance and term life insurance will require your medical information on application.

Reassured can help you determine which is the ideal solution for you and your loved ones.

Learn more about these over 70 life insurance policies below and how we can help you secure the right cover...

Do I need life insurance over 70?

Whether you need life insurance over 70 depends on your individual circumstances.

If you wish to provide your family with financial support after you’re gone, but don’t have sufficient savings or an existing life policy in place, then you may need a form of life insurance.

As someone over 70 you may have fewer financial commitments to take care of and, therefore, may not need such a large pay out amount (sum assured).

For many people in their later years, life insurance is an affordable way to set money aside for the following reasons:

  • To help cover rising funeral costs (average cost of a UK funeral £4,184[1])
  • For future living costs of partner and/or dependants
  • To clear outstanding debts
  • To provide an inheritance

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

Over 70 life insurance calculator

How much life insurance do you need? Fill in our simple calculator with the costs you would like your life insurance policy to cover.


£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.


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

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What is the best life insurance for over 70?

The best type of life insurance will depend on your personal circumstances and what you’d like to protect.

Your specific age and budget will also help you determine which policy is most suitable.

For example, if you’re in your early 70s and in good health then you may find that whole of life insurance is a good option.

Especially if you wish to leave behind a significant inheritance or to cover outstanding debts, such as a mortgage.

Alternatively at the age of 70 or above you may consider an over 50 plan to help cover your funeral costs.

The pay out amount is lower than a whole of life policy but you’re guaranteed to be accepted, regardless of your medical history.

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

Let's look in more detail at the main over 70 policy options available...

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

  • Guaranteed acceptance (UK residents aged 50-85)
  • No medical information required
  • Guaranteed cash pay out for loved ones
  • Fixed premiums from £5-a-month
  • Up to £20,000 cover protection

If you’re a UK resident aged between 50-85 then you may consider an over 50s plan.

This type of policy requires no medical information and acceptance is guaranteed.

This makes it ideal for applicants over 70 who may find it difficult to secure standard life cover due to their health or age.

An over 50s plan lasts for the rest of your life which means your beneficiaries are guaranteed a pay out when you pass away - not if you pass away.

The funds can be used to help cover your funeral expenses or left as a gift for your loved ones to spend as they wish.

Insurers use your age, the sum assured and sometimes your smoking status to calculate the cost of your premiums.

An over 50s plan is a good alternative to standard life insurance for many people over 70, however there are a couple of important aspects to bear in mind:

1. Monthly premiums are ongoing until you pass away or until you reach a certain age (such as 90), depending on the plan you choose

Therefore, it’s important to consider your budget and choose a level of cover you can afford both now and in the future.

Furthermore, depending on how much your premiums cost and how long you live, there’s a chance you could pay more than the sum assured.

2. A waiting period applies with all over 50 plans

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

This means, if you pass away due to natural causes during this initial period, a pay out won't be made. Any premiums you’ve paid will be refunded to your beneficiaries.

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

Get in touch with Reassured to arrange life insurance for seniors over 70 no medical exam.

Whole of life insurance for over 70s

  • Cover lasts for the rest of your life
  • Guaranteed cash pay out for loved ones
  • Offers a greater level of cover than an over 50s plan
  • Suitable for applicants aged over 70 and in good health
  • 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 help cover the cost of your funeral, clear outstanding debt and/or provide an inheritance.

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.

Or, depending on your personal circumstances, you may be able to secure a higher sum assured.

The cost of your life insurance premiums for whole of life cover are calculated based on the level of risk you pose to the insurer.

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, you’ll still need to pay a monthly premium until you pass away.

Again, this means that it's possible to pay more into the plan than what’s paid out to your loved ones.

Reassured can help you determine if whole of life insurance is the right option for you. Get in touch today for your free quotes.

Funeral plans for over 70s

  • Covers your key funeral services in advance
  • Locks in today’s cost of a funeral (avoiding future rate rises)
  • Guaranteed acceptance (no medical questions)
  • Allows you to determine all aspects of your funeral
  • Flexible payment options available
  • Prices from £19.11-a-month** through Reassured

A funeral plan allows you to plan and pay for your funeral in advance.

It’s one way to protect your family from higher funeral fees in the future and to ensure that they won’t have the stress of arranging your entire funeral during an already difficult time.

Applicants aged over 70 are guaranteed acceptance and you can choose from a number of flexible payment options.

When you take out a funeral plan you’ll pay today’s going rate for a funeral and, therefore, avoid ever increasing funeral costs, (up 128% since 2004[1]).

Typically, a plan covers the cost of funeral director fees, and sometimes third-party fees such as cremation or burial fees and minister fees (or provide a contribution towards these).

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^.

Funeral plans arranged through Reassured have three payment options:

  1. One-off single payment
  2. 6 or 12 monthly payments
  3. Monthly instalment plan 2 - 9 years (incurs instalment charges)

Both the one-off payment and 6 or 12-monthly payment options are available for those aged 70 and over.

In regards to monthly instalments, the maximum payment term is 9 years if you’re aged 70, or less if you’re older than 70.

This is because the plan must be paid in full by your 80th birthday.

If you choose to pay by monthly instalments and pass away after 12 months, the funeral plan provider will carry out the services agreed in your plan with nothing more for your family to pay.

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

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

Term-based life insurance will cover you for a set period of time (the term). If you pass away during the term, then a cash lump sum is paid out to your loved ones.

There’s the option of level term life insurance which retains its value throughout the term, or decreasing term life insurance which reduces in value until it reaches zero at the end of the term.

This type of cover may not be cost-effective for someone in their 70s (if their application is accepted) because a pay out is more likely during the term.

Also, 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 isn’t suitable.

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

How much is life insurance for a 70-year-old UK?

The cost of life insurance for over 70s depends on your personal circumstances and the type of policy you choose.

Insurers take into account a variety of factors to assess the level of risk you pose and calculate your monthly premium accordingly.

The key cost factors include:

  • Your age
  • Your health & wellbeing
  • Your medical history
  • Your BMI
  • Your smoking status
  • Terms of the policy (sum assured, length of cover if applicable)

With the exception of an over 50 plan which only takes into account your age, the sum assured and sometimes your smoking status.

As mentioned, an over 50 plan guarantees acceptance and doesn’t require you to disclose your medical history.

The table below shows the amount of cover you can get for each policy type as a non-smoker paying a monthly premium of £35:

AgeLevel term (10 year term)Whole of life insuranceOver 50s plan

Contact Reassured to compare your free, no-obligation, personalised quotes.

Why is life insurance for over 70s more expensive?

It's no secret that the cost of life insurance increases as you age, (as statistically 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 conditions
  • 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 life insurance.

Find out how you can save money on your over 70 life insurance by reading our top tips below…

Can you get critical illness cover (CIC) over 70?

It's possible to take out critical illness cover over the age of 70 with some providers, but it’s likely that premiums will be 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 can be added to a life insurance policy for an additional cost or can be taken out as a standalone policy with some insurers.

Critical illness cover may be worthwhile if you’re in your early 70s and in good health. However, you’ll still pay significantly more due to your age.

Compare quotes for critical illness cover through Reassured.

Free terminal illness cover

Some of the life insurance policies arranged through Reassured come with terminal illness cover as standard.

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

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

Once your life insurance has paid out for terminal illness, your loved ones won’t be able to claim again after your death.

To find out which policies offer this free additional cover then simply ask a member of our friendly team.

Joint life insurance for over 70s

Joint life insurance is available with whole of life and term-based policies, but not over 50 plans.

A joint policy covers two lives simultaneously and there’s only one monthly premium to pay between both parties.

It can provide a cost-effective alternative to taking out two single policies, (saving up to 25%).

For a couple in their 70s, there are some key points to consider before opting for joint life insurance:

  • A joint policy will only pay out once, usually on the first death, and then will expire. This means the surviving partner will need to source new cover for themselves at an older age when it may be more difficult
  • The cost of a joint policy takes into account the personal circumstances of both named parties. This means if one partner is considered a high-risk, for example they have a pre-existing medical condition, then the partner who’s lower risk would be paying a more expensive premium than is necessary

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

The table below shows example premium prices for two single policies vs a joint policy.

Quotes are based on non-smokers, aged 70 who’re in good health, for a pay out amount of £30,000:

Policy typeTwo single policiesJoint policy% Saving
Whole of life insurance£171.94£141.70-17.60%
Level term (10 years term)£54.02£50.18-7.11%

Over 70 life insurance in trust (free trust writing service)

Regardless of your age, when taking out life insurance, it could be very beneficial to write your policy in trust (if offered by your provider).

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

Writing your life insurance in trust brings three key benefits:

List icon Helps avoid/minimise inheritance tax (IHT) liability for your loved ones (40% over £325,000)

Life insurance that’s not written in trust is subject to 40% inheritance tax over the £325,000 threshold.

However, writing your policy in trust can detach your policy from your estate, which means it won’t be subject to inheritance tax - allowing your family to receive the full pay out sum.

If you’re estate is worth over £325,000, including the value of your life insurance policy, then you may choose to write your life insurance into trust.

List icon  Avoids probate, for a faster pay out

If your life insurance policy is considered as part of your estate, then it will also need to go through the probate process.

Probate can take 6 - 9 months in the UK, which means your family won’t be able to make a claim during this time.

A policy that’s written in trust will pay out much quicker, generally in just a few weeks.

List icon  Allows you more control over your policy and the proceeds

With your life insurance written in trust, you can have peace of mind that the funds will be spent as you intended.

You can decide who receives the pay out, as well as when and how you want it to be distributed.

Reassured provide a free trust writing service with most of our policies, so get in touch and make the most of this valuable service today.

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 79.3 years for men and 83.1 years for women[2].

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

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

Compare over 70 life insurance quotes (save time & money)

Whether you choose life insurance or a funeral plan, the cost and terms within a policy 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 you're looking to cover, your available 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 entire application process, explain any jargon and help write your policy in trust (available on some policies).

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


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


^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)

**£19.11 per month pricing includes a £75 discount only available to Co-operative members and is based on a 50-year-old purchasing a Co-operative Simple Funeral Plan at £3,020 over the maximum term available of 25 years (total amount repayable £5,733.40) as of 1st March 2021

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