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Life Insurance Over 40

At 40, you have more financial commitments than ever before. A mortgage? A long-term relationship? A few children? Find the life insurance policy for you and protect the financial security of your family.

What Is Over 40s Life Insurance?

As you reach life at 40, you may find that your outlook changes. As a milestone age, many people start thinking more seriously about their future as they begin life in their 40s. You may start thinking more about your family’s financial future or how you will protect them should something happen to you.

Over 40s life insurance is a great way to protect your family should the worst ever happen. Many people in their 40s begin to consider life insurance for the following reasons:

Protect the remaining balance of your mortgage
Leave an inheritance for your spouse and children
Cover funeral costs
Replace your lost income
Fund children’s childcare fees or education

How Does Over 40s Life Insurance Work?

When taking out life insurance over 40, you would still be classed as a young adult so you may get relatively cheap premiums for term-based cover. You would also be deemed old enough to qualify for a cost-effective whole-of-life policy, making it the perfect age to begin your life insurance journey.

STEP 1

Complete form

STEP 2

Tell us your needs

STEP 3

We'll search the market

STEP 4

We'll recommend the best products

STEP 5

Tell us when you want it to start!

At The Insurance Surgery, all of our quotes are given over the phone or via live chat so we can gain a clear understanding of your needs. We will only recommend policies that you and/or your family would benefit from. It’s this honest approach that has caused so many people to recommend us as the nation’s favourite life insurance broker!

You might be looking specifically at over-40s life insurance, but we can discuss your options and determine whether you need to add other insurances, such as critical illness cover or income protection. Sometimes, you could significantly improve your family’s financial security for just a few extra pounds.

Do You Need Life Insurance?

Life insurance provides financial security for your loved ones in case of your death, helping cover expenses like mortgages and daily living costs. It’s particularly important for parents, homeowners, and business owners. Different policy types, including whole of life and level term insurance, offer varying levels of coverage.

Life Cover Terminology

Understanding life insurance terminology is essential for policyholders to make informed decisions about their cover, we have broken down the meaning for some of the most used terms.

Why Choose The Insurance Surgery?

Rated ‘Excellent’ on Trustpilot.

We take pride in the experience that we offer, guaranteeing excellent service at all times.

25 years Experience

With 25 years of specialist life and protection experience, we can find the perfect policy for you.

Access to a range of insurers.

With a broad selection of partners, we are well-equipped to find the best insurance deals for you.

Award-winning broker.

Known for making insurance simple, The Insurance Surgery is a trusted, award-winning broker.

How Much Does Over 40 Life Insurance Cost?

Whilst every individual’s quotes can differ, your 40s are a great time to take out life insurance because you can still benefit from cheaper policies that promise to give your family long-lasting financial security. During your discussion with one of our dedicated advisors, they will ask you a selection of questions to estimate how much you can expect to pay before seeking out policies. These questions may revolve around:

For more information on What medical conditions affect life insurance? Visit our Guide.

Life insurance cost, case study.

James is looking for life insurance to cover his mortgage and to give a lump sum to his wife and two children. James had a stroke ten years ago but doesn’t suffer from any symptoms.

We found James the increasing policy below:

Total Cover
Amount:

£750,000

Monthly Premium
Cost:

£41.57

Duration of
Policy:

Until age 70

Speak to our team of experts for FREE
specialist advice today.

Monday to Thursday:

9:00am – 8:00pm

Friday:

9:00am – 3:00pm

Facts About Life Insurance.

Life insurance can serve multiple purposes, including income replacement, wealth transfer, estate planning, and business succession. But how does life insurance shape up with the UK population?

7.5 million families

in the UK have no life insurance or critical illness cover.

£40,000

The average life insurance policy in the UK covers only about £40,000.

28%

of UK adults believe life insurance is too expensive.

96.9%

of all protection case claims were paid in 2024

What Types of Life Insurance for 40s and Over Are Available?

A term life insurance policy...

Term life insurance policy covers a specified duration, such as 10, 20, or 30 years. Should the insured individual pass away during this period, the policy pays a lump sum to their designated beneficiaries.

Whole-of-Life Insurance.

Whole-of-life insurance covers a person’s entire lifespan, provided premiums are consistently paid. It delivers a lump sum to beneficiaries upon the insured’s death.

Increasing Life Insurance.

Also known as ‘Index-linked’, increasing life insurance is a policy in which the payout is tied to a financial index, such as the Consumer Price Index, and will differ based on inflation.

How different policies payout over time.

How Can The Insurance Surgery Help?

There are so many insurance options available for those seeking over 40 life insurance, which is why it’s important to get clear and digestible advice from an expert. Enter The Insurance Surgery. With 25 years of experience, we know a thing or two about finding the perfect policies for a whole range of people over 40

We’re passionate about finding affordable insurance policies that will genuinely help and support families, offering them the protection and security that they deserve. Get in touch with The Insurance Surgery today to get free advice from one of our dedicated advisors, and let’s get your insurance journey off to a strong start.

Do You Need Life Insurance?

Price Promise.

Obtain a cheaper quote elsewhere, we’ll beat the price and also give you a £50 gift card!

We are committed to offering unbeatable prices. Our Price Promise ensures that we will find you the right cover for your circumstances.

Frequently Asked Questions

Do you need life insurance for a mortgage?

No, when it comes to getting a mortgage in the UK, having life insurance is by no means a necessity. It is a time, however, when many people begin to look into life insurance quotes to protect their family’s financial security. Whilst majority do not, you may find that some mortgage lenders do stipulate that life insurance is required.

How much life insurance do I need?

Your personal life insurance needs are completely unique to your circumstances. For a clearer idea of your life insurance needs, get a quote from one of our experts or submit your information into our Life Insurance Calculator.

Can you have more than one life insurance policy?

Yes, you are able to have more than one ongoing life insurance policy. If you have doubts about your previous policy, however, and are looking for an updated one please speak to a member of our team – we can look at your current policy details and compare them to newer quotes.

If we can find you a better life insurance deal that offers better cover, or lower premiums we will make our recommendations. We will only ever suggest a switch to a new life insurance provider if we think that it is the right option for you.

Can I get life insurance while pregnant?

Yes, you can take out life insurance when you’re pregnant. In fact, starting a new family is one of the main reasons that people consider life insurance.

Do you have to pay taxes on life insurance payouts?

Most life insurance payouts are not taxed in the UK. You may, however, have to consider inheritance tax following the passing of a loved one.

What age should you get life insurance?

There is no correct age to begin considering life insurance. Everyone has their own needs and reasons when it comes to life insurance. Life insurance tends to be cheaper the younger you are, but most people begin to seek out life insurance quotes when they have a long-term partner, children, or a home.

For more information on What medical conditions affect life insurance? Visit our Guide.

Life insurance is unique – just like you.

Life Insurance for Parents

Life Insurance for Men

Life Insurance for Women

Life Insurance for Self-Employed

Income Protection

Life Insurance for Smokers

For More Information, Check Out Our Latest Blogs

Stay informed with the latest updates in the insurance industry for 2025 here.

We aim to provide clear advice, breaking down the jargon, so you understand the importance of protection insurance.

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Life Insurance Over 40

What Is Over 40s Life Insurance?

How Does Over 40s Life Insurance Work?

Do You Need Life Insurance?

Life Cover Terminology

Why Choose The Insurance Surgery?

Rated ‘Excellent’ on Trustpilot.

25 years Experience

Access to a range of insurers.

Award-winning broker.

How Much Does Over 40 Life Insurance Cost?

For more information on What medical conditions affect life insurance? Visit our Guide.

Life insurance cost, case study.

Monthly Premium Cost:

£41.57

Duration of Policy:

Until age 70

Speak to our team of experts for FREE specialist advice today.

Monday to Thursday:

Friday:

Facts About Life Insurance.

7.5 million families

in the UK have no life insurance or critical illness cover.

£40,000

The average life insurance policy in the UK covers only about £40,000.

28%

of UK adults believe life insurance is too expensive.

96.9%

of all protection case claims were paid in 2024

What Types of Life Insurance for 40s and Over Are Available?

A term life insurance policy...

Whole-of-Life Insurance.

Increasing Life Insurance.

How different policies payout over time.

How Can The Insurance Surgery Help?

Do You Need Life Insurance?

Price Promise.

Obtain a cheaper quote elsewhere, we’ll beat the price and also give you a £50 gift card!

Frequently Asked Questions

For more information on What medical conditions affect life insurance? Visit our Guide.

Life insurance is unique – just like you.

Life Insurance for Parents

Life Insurance for Men

Life Insurance for Women

Life Insurance for Self-Employed

Income Protection

Life Insurance for Smokers

For More Information, Check Out Our Latest Blogs

Monday to Thursday:

Friday:

Monthly Premium
Cost:

Duration of
Policy:

Speak to our team of experts for FREE
specialist advice today.