Can you get life insurance over 70?

Yes, the good news is that you can get life insurance over 70.

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

According to ONS data, between 1980-82 and 2018-20, the average life expectancy has risen from 71 to 79 years for men and 77 to 83 years for women[1].

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

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

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

Contact Reassured to find out your available options and compare free quotes.

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.

Some common reasons people take out life insurance in their 70s include:

  • To help cover rising funeral costs
    In the UK, the average total cost of dying is currently £8,864, with the average cost of a funeral being £4,056[2]. Life insurance (or a prepaid funeral plan) can help reduce this financial burden for loved ones
  • To cover future living costs of dependants
    If you live with a spouse or other dependants, then a life insurance pay out could help them cover essential costs such as the rent or mortgage, household bills and care fees
  • To clear outstanding debts
    The pay out could help to clear outstanding debts in your name, for example personal loans and credit cards
  • To leave behind an inheritance
    You could provide your children and/or grandchildren with a cash gift after you’re gone if other costs are taken care of
  • To avoid or minimise inheritance tax
    If your estate is worth over £325,000 then 40% tax will be applied to any amount over this threshold. Life insurance, when written in trust, could help to cover this tax bill and provide your loved ones with a larger inheritance

Essentially, life insurance is a practical and affordable way to set money aside for your loved ones.

Plus, the sooner you take out life insurance, the lower your monthly premium will be.

Contact Reassured today to find your ideal policy and lock-in the best possible rate.

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 »

What is the best life insurance for over 70?

The best life insurance for you will depend on your personal circumstances and budget.

For example, an over 50s plan is best suited to people in their 70s who have a health condition and are looking for life insurance with no medical questions.

At the same time, a whole of life insurance policy is best suited to people in their 70s who are in good health and looking for a guaranteed pay out for their loved ones.

Another option is a funeral plan which is ideal for people in their 70s who want certainty that their funeral costs are paid for in advance.

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

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

  • Guaranteed cash pay out to your loved ones when you pass away
  • Sum assured up to £20,000
  • Guarantees acceptance (UK residents aged 50 - 85)
  • No medical information required
  • Fixed premiums from 20p a day + through Reassured

An over 50s plan is the only type of life insurance available which doesn’t require your medical information.

You can apply for an over 50s plan in your 70s and it’s guaranteed that you’ll be offered a policy.

This could be ideal if you have a pre-existing medical condition which would make other types of life insurance too expensive.

An over 50s plan lasts for the rest of your life, which means your loved ones are assured a pay out when you pass away, (not if you pass away). This makes it a type of life assurance.

The pay out can be used by your loved ones to help cover your funeral costs and other expenses after you’re gone.

Your monthly premium will be determined by your age, the sum assured (pay out amount) and sometimes your smoking status.

The cost of your monthly premium is fixed which means it will never go up.

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 as well as in the future.

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 during the waiting period 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

  • Guaranteed cash pay out to your loved ones when you pass away
  • Sum assured usually higher than an over 50s plan
  • Suited to over 70 applicants who’re in good health (medical information required)
  • Fixed premiums from 27p a day ± through Reassured

Whole of life insurance could be a great option if in your 70s, especially if you're in good health.

This type of policy is also known as life assurance as it lasts for the rest of your life and assures that your loved ones receive a pay out when you pass away.

The money can be used to help them cover funeral costs, pay off outstanding debts and/or to spend as an inheritance.

The application for whole of life insurance 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 greater sum assured.

The cost of your life insurance premium is determined by your age, health, smoking status and the level of cover.

As the policy remains in place for the rest of your life, you’ll need to continue paying your monthly premium until you pass away.

This means that, depending on how long you live, it's possible to pay more into the policy 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

  • Designed to cover your funeral costs
  • Pay out guaranteed after two years
  • Guarantees acceptance (UK residents aged 50 - 80)
  • No medical information required
  • Prices beginning from £19.18-a-month ^ through Reassured

A funeral plan gives you the option to cover the cost of your funeral ahead of time.

It helps to protect your loved ones from unexpected costs when you pass away.

With a funeral plan you can also make the arrangements for your final send-off, so there’s less worry for your loved ones during an already difficult time.

You can choose a funeral plan based on the services you’d like it to include and your budget.

Plans arranged through Reassured cover essential costs such as funeral director services, a hearse, a coffin and cremation fees.

The money you pay towards your funeral plan will go directly to the nominated funeral director when the time comes, rather than to any beneficiaries.

Premiums begin from £19.18 a month, but the exact amount you pay is determined by your age and the plan you choose.

Similar to an over 50s plan, you’ll continue to pay a monthly premium until you turn 90 or until you pass away, whichever is soonest.

Once you’ve paid the first 24 monthly payments, then a pay out is guaranteed upon your death.

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

Term life insurance over 70

  • Pays out to your loved ones if you pass away during a specified term
  • Term length from 1 - 20 years (depending on your age and the sum assured)
  • Level or decreasing term options available
  • Medical information is required
  • Fixed premiums from 20p a day through Reassured

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 has a fixed sum assured (the pay out amount stays the same throughout the term) and decreasing term life insurance which has a decreasing sum assured (the pay out amount reduces throughout the term).

Essentially, this type of policy is designed for people who want to protect their mortgage and other essential costs, should they pass away while providing an income for their family.

It’s usually the most affordable option, especially for younger applicants who’re in good health.

If you’re in your 70s, then you could apply for a term life insurance policy but it may not be the most suitable.

This is because if you live longer than the policy term (which is typically between 1 - 20 years) then you’d need to find new cover at an older age. This could be very difficult or even impossible.

Also, if you have a pre-existing medical condition then this will affect the level of cover you can get and the cost of your monthly premium.

If you want peace of mind that your loved ones will receive a pay out when you’re gone, then you may opt for whole of life or an over 50s plan.

Contact Reassured to find out if term life insurance over 70 is the right option for you.

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 in good health paying a monthly premium of £35:

AgeLevel term (10 year term)Decreasing 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 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 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 £20,000:

Policy typeTwo single policiesJoint policy% Saving
Whole of life insurance£145.88 p/m£118.87 p/m-20.40%
Level term (10 years term)£44.04 p/m£41.16 p/m-6.76%
Decreasing term (10 years term)£35.22 p/m£32.94 p/m-6.69%

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 until after this period.

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.

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 with most policies).

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




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