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Life Insurance Over 70

Past the age of 70, you may finally be considering investing in life insurance to protect the financial security of your loved ones should you pass away or fall seriously ill. The Insurance Surgery can lend you a supportive hand. 

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What is Over 70 Life Insurance?

Life insurance for over 70s can offer individuals great comfort in knowing that their finances are protected if anything were to happen to them. You may opt to settle on a whole of life insurance policy for guaranteed security or even a term life insurance policy for a set duration. Many people looking for life insurance over 70 settle on a decreasing life insurance policy to cover potential mortgage repayments. People over the age of 70 may be considering life insurance for a number of reasons:

Covering outstanding debts

Covering mortgage payments

Paying funeral costs

Leaving a lump sum to the family

Replacing a loved one’s lost income

Whilst life insurance can be extremely helpful in certain circumstances, it isn’t recommended for everyone. If you have no financial dependents, you may not need to seek out a policy. Our team is here to offer genuine advice on your situation and whether or not different types of life insurance could benefit you.

How Does Over 70s Life Insurance Work?

STEP 1
Complete form
STEP 2
Speak to us about your needs
STEP 3
We’ll search the market
STEP 4
We recommend the best product to suit your needs
STEP 5
Tell us when you want it to start!

You may have concerns about the difficulty of seeking life insurance later in life and may have even had applications rejected in the past, but worry not! The Insurance Surgery has experience in finding the best policies for people of all ages who may have struggled to secure life insurance in the past.

A key benefit of life insurance for over 70s is that getting accepted is actually pretty straightforward. Given your age, insurers are aware that health risks are likely, meaning you won’t need to undergo medical examinations. As long as you’re a UK resident, you should be eligible for most over 70s insurance plans!

All you need to do to get a quote is fill out our form with your age, gender and the amount of cover you require. From there, one of our experts will detail the benefits of each policy and why they might best suit your needs. We’ll be happy to answer any questions and offer support in whatever way we can, before sending your application to insurers. 

You should consider life insurance if you have…

Dependants, like school-age children.

A partner who relies on your income.

A family living in a mortgaged or rented home.

In the event of your passing, a life insurance policy can provide financial support for your loved ones. You could also consider funeral cover, which pays for funeral expenses – easing the burden on your family during a difficult time.

However, you should check if you’re already covered through your employer’s benefits package, which often includes ‘death in service benefits’ linked to your salary. If so, you might not require an additional policy, BUT keep in mind that leaving your job or being made redundant could leave you without any cover!

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  • 15 Minute Read Time

Do You Need Life Insurance?

If you’re the primary breadwinner or share financial responsibilities, a life insurance policy can help your family maintain their standard of living in the unfortunate event that you’re no longer around to support them.

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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.
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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 Life Insurance for Over 70s Cost?

The costs of life insurance can vary from person to person. Are you keen to cover funeral costs to support your family during a difficult time, or are you looking to cover mortgage payments? Factors like these will directly impact your quote, so consider how large you want your payout to be.

Whilst you are essentially guaranteed a payout, your assured sum may be quite low. For example, if you were to pay around £50 per month, you could generally expect to get around a £7,500 payout. If the policyholder smokes, however, they should anticipate a lower payout. 

Whilst payouts are seemingly lower, it is important to consider that, based on the policyholder’s age, their mortgage and bill payments will also be lower. Life insurance for this age group is generally used for funeral cover, but it is still worth considering the following:

How much would your family need to live without you? Think about mortgage payments and even funeral costs.

Think about how much money they have in other places. Consider savings, pensions and other insurance plans.

Subtract the second amount from the first to get a clearer idea of how much money they’d actually need to live comfortably.

For a clearer idea of the average cost of life insurance, visit our Guide.

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

Monday to Thursday:

9:00am – 8:00pm

Friday:

9:00am – 3:00pm
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Call us on 0800 083 2829

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.

30%

of people get life insurance due to becoming a parents

Forbes Advisor, 2025

What Types of Over 70s Life Insurance Are Available?

Our experts can advise you on the perfect policy to suit your circumstances.

Whole of Life Insurance

If you’re looking for cover for the rest of your life, a whole of life insurance policy can offer that security – as long as you continue to pay your premiums. Medical evidence may be required for larger cover amounts.

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Term Life Insurance

This term can cover you for a set duration, like 10 or 20 years, for example. If you die or are given 12 months to live within that period, your beneficiaries will receive a payout. Your insurer may ask for medical evidence if you’re looking for a larger cover amount.

Find Out More

Benefit from Our Life Insurance Policies Today.

Relax, knowing that your family can receive the financial support that they need after you pass, and trust The Insurance Surgery to guide you through the life insurance process. With 25 years behind us, we are a trusted broker known for our expertise, prioritising transparency, and providing excellent customer service. So, rely on us to ensure you receive the cover you need at a fair and affordable price.

For a life insurance quote, contact us today on 0800 083 2829 to schedule a free consultation and take the first step towards protecting yourself and your loved ones financially.

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  • 15 Minute Read Time

Understanding Inheritance Tax (IHT) and Life Insurance

Understanding how IHT works and the ways to mitigate its impact can help you plan and ensure that your loved ones don’t face unexpected tax bills.  

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

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Frequently Asked Questions

Can I get life insurance at 70?

Yes, absolutely. Despite concerns you may have about securing life insurance over 70, it is entirely possible for us to find a policy that suits your needs. So, if you’re interested in protecting your finances for the benefit of your loved ones, don’t hesitate to get in touch – we’ll sort the rest!

Of course! Life insurance can offer support to your family during difficult times, whether it’s used for covering funeral costs, paying off debts or covering mortgage payments. If you have family who are dependent on your income, it is certainly worth considering life insurance policies.

How much life insurance you need at 70 ultimately depends on how much financial support your family will require following your death. We recommend considering your expenses, debts and your family’s income. We’re happy to provide support on working out how large a payout you need!

 Life insurance isn’t a one-size-fits-all type of situation – there are a number of life insurance policies that should be considered by people over 70. For starters, there is whole of life insurance and term life insurance, but you may even want to consider more specific policies like life insurance after cancer and diabetes life insurance.

There’s no question that insurance can be complicated – that’s why we’re passionate about waving goodbye to fluffy jargon and putting it in a way that’s easy to understand! With 25 years of experience, you can depend on The Insurance Surgery to find the best policy that suits your needs.

We understand that securing life insurance for over 70s can feel intimidating, but we’re confident that we can find a policy that is certain to offer both you and your family peace of mind.

Life insurance is unique – just like you.

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

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

Monday to Thursday:

9:00am – 8:00pm

Friday:

9:00am – 3:00pm
Get a Quote
Call us on 0800 083 2829

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

Monday to Thursday:

9:00am – 8:00pm

Friday:

9:00am – 3:00pm
Get a Quote
Call us on 0800 083 2829
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Copyright © 2025 The Insurance Surgery Ltd. The Insurance Surgery is authorised and regulated by The Financial Conduct Authority. We are entered on the Financial Services Register No 401425 at https://www.fca.org.uk Registered in England and Wales. No 5137288. Registered and trading from 2nd Floor, Pickford Street Mill, Pickford Street, Macclesfield, SK11 6JD The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

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