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Life Insurance Over 60

If you are over 60, you may be thinking about how to protect your family and loved ones’ finances after you pass away. That’s where The Insurance Surgery can help.

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  • What Is Life Insurance
  • Cost of Life Insurance
  • Life Insurance Calculator
  • Types of Life Insurance
  • FAQs
  • Blogs & Guides

What is Over 60's Life Insurance?

Life insurance for 60 and over is generally a whole of life insurance cover insurance policy that pays out a lump sum when you die, regardless of when that happens. For some over 60’s, a term life insurance policy may be more suitable, guaranteeing that your beneficiaries receive a payout as long as you keep paying your premiums.

 There are several reasons why people consider life insurance for over 60’s, including:

  • Covering mortgage payments
  • To pay out outstanding debts
  • Covering funeral costs
  • To leave a lump sum in their will
  • To maintain their partner’s standard of living
  • To replace lost income

Over 60’s life insurance isn’t recommended for everyone, however. If no one depends on you financially, such as your partner, children, grandchildren, or other relatives, it may not be a policy that is necessary for you. Talk to one of our experts for free to get a clearer idea of whether life insurance for 60 and over could benefit your circumstances.

How Does Over 60's Life Insurance Work?

STEP 1
Complete Form
STEP 2
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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!

Life insurance for 60 and over is generally a whole of life insurance cover insurance policy that pays out a lump sum when you die, regardless of when that happens. For some over 60’s, a term life insurance policy may be more suitable, guaranteeing that your beneficiaries receive a payout as long as you keep paying your premiums. There are several reasons why people consider life insurance for over 60’s, including:

  • Covering mortgage payments
  • To pay out outstanding debts
  • Covering funeral costs
  • To leave a lump sum in their will
  • To maintain their partner’s standard of living
  • To replace lost income

Over 60’s life insurance isn’t recommended for everyone, however. If no one depends on you financially, such as your partner, children, grandchildren, or other relatives, it may not be a policy that is necessary for you. Talk to one of our experts for free to get a clearer idea of whether life insurance for 60 and over could benefit your circumstances.

How Much Does Life Insurance for Over 60's Cost?

Costs for over 60’s life insurance ultimately depend on how large you want your payout to be. You may want your insurance to pay for funeral costs, or you might be relying on it to cover your mortgage payments.

 

We tend to look at it in three steps:

Work out how much money your family would need to live without you. Consider funeral costs, mortgage payments, etc.

Consider how much they will receive from other sources, such as savings, pensions, or other insurance plans.

Subtract the second amount from the first - giving you an idea of how much they actually need to live comfortably.

If this is too complicated, please talk to us! We’re pretty handy with a calculator, and we will work through your expenses to check that you’ve got a level of cover you are happy with.

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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.

Life Insurance Costs.

Your life insurance quote can depend on a wide range of circumstances, including factors like:

Your age

Your lifestyle

Your family’s medical history

Smoker Status

The length of your policy

Your occupation

Medical conditions

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

How much cover do you need?

You can use our Cover Calculator below to determine how much cover you need. Additionally, you will need to take into consideration the following:

Any outstanding debts

Mortgage/rent

Number of dependents

Take-home pay or income from other sources

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 parent.

Forbes Advisor, 2025

What Types of Life Insurance for Over 60's Are Available?

Whole-of-Life Insurance.

A whole of life policy covers you for the rest of your life as long as you keep paying your premiums. You don’t have to worry about the policy expiring or renewing.

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Life Insurance for Dads.

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.
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Private Medical Insurance.

Decreasing life insurance means that the total cover amount goes down over time. It’s designed for things like paying off a mortgage, where you owe less money as time goes on.
Find Out More

Life Insurance For Mums.

Joint life insurance covers two individuals under one policy, typically a couple. It pays a lump sum when the first insured individual dies, closing the policy. It is available as both term and whole-of-life.
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Over 50's Life Insurance.

Over 50’s life insurance guarantees acceptance without a medical report. With lower cover amounts and fixed premiums, it is used to cover funeral costs or leave a modest inheritance.

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How different policies payout over time.

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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.

Get a Quote

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.

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Benefits of Whole of Life Insurance vs Term Insurance

Read More
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Obtain a cheaper quote elsewhere, we’ll beat
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cover for your circumstances.

*Please see the Price Promise Terms & Conditions for more information.

Frequently Asked Questions

How much life insurance do I need at 60?

How much life insurance you need at 60 depends on your personal circumstances and how you want to provide for your family once you’re gone. It might help to consider how much money you and your family spend each month, how much income you and your family make each month, debts, belongings, and how many people depend on you for money and support.

Generally, no, but it depends on the type of life insurance policy you choose and the insurer you apply to. Some policies may require you to have a medical exam or provide some health and lifestyle information, while others may not.

Yes, absolutely! If you’re keen to sort out funeral costs or live in peace knowing that your family’s finances are covered after your passing, taking out life insurance can be a great idea for over 60’s. Just get in touch with our team, explain your circumstances and we’ll do the rest!

Yes, of course. Whole of life insurance offers the peace of mind that your family will definitely receive a lump sum after you die. Whilst policies like term life insurance can be cheaper, they don’t provide the same level of security as your policy can expire if you outlive the term.

Life insurance is unique – just like you.

Life Insurance for Parents

Find Out More

Life Insurance for Dad's

Find Out More

Life Insurance for Mum's

Find Out More

Life Insurance for Self-Employed

Find Out More

Income Protection

Find Out More

Life Insurance for Smokers

Find Out More

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.
View more
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  • 25 February 2025

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Understanding the difference between whole of life insurance and term life insurance can seem like…
Continue Reading
  • 21 February 2025

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Being a mum is an incredible journey—full of giggles, late-night cuddles, and the occasional toddler…
Continue Reading
  • 21 February 2025

Understanding Inheritance Tax (IHT) and Life Insurance

Inheritance Tax (IHT) is a tax levied on the transfer of wealth after someone passes…
Continue Reading
  • 31 January 2025

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Over 50s life cover works slightly differently from regular life insurance. The main criteria are…
Continue Reading

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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