Life insurance over 70

Yes, while ‘over 70s life insurance’ isn’t advertised as such, you can apply for our Life Insurance up to and (including) the age of 77, or our Decreasing Life Insurance up to and (including) the age of 74. If you were to take out a Legal & General life insurance policy, the term must end before your 90th birthday. Alternatively, Over 50 Life Insurance can be taken out up to the age of 80 and can continue for the rest of your life, even though you stop paying premiums at age 90.

We’ll explore these policies in greater detail later in this guide. 

On the face of it, retirement should be a time to put your feet up and not have to think about money. But there are still plenty of costs that can arise if you were to pass away in your 70s.

Even when you reach your 70s, life insurance could help ease the financial burden on your loved ones. From leaving a cash gift to covering a mortgage, we offer a choice of policies. Make sure you read about all the options so you choose the right one for you. But remember, your life insurance will be cancelled if you stop making payments when due, and you won’t be able to recover your money paid.

We've got a choice of policies for customers over 70. All things being equal, the price you pay for the same level of protection is different for each type. We offer a range because our customers want protection for different reasons. So really, the best life insurance for seniors over 70 depends on personal circumstances.

When it comes to how much your can afford to pay, think ahead. These are long term policies, are you expecting your income to change in retirement? Make sure you're comfortable that you can cover the cost for as long as you need it to last. The cost (and availability) of some life insurance options for the over 70s depends on a number of factors. 

If you'd like to find out how much your policy could cost, you can get a quote in two minutes.Take a look at our dedicated pages for Over 50s Life Insurance and Life Insurance.

Age is a factor when considering the cost of life insurance. That's because all else being equal, each day we live brings us closer to the date of our death. And of course,  life insurance policies pay out upon death if a valid claim is made. The general rule of thumb is the cost of cover is likely to be less when you're younger. That applies whichever type of policy you choose.

Yes, if you want ‘over 70s life insurance’ without undertaking a medical, our Over 50s Fixed Life Insurance is an option. You just need to be aged between 50 and 80, and a UK resident, meaning you reside in the UK for at least 183 days a year.

The best life insurance for seniors over 70 ultimately depends on the needs of each individual. If you’re looking for life insurance with no medical – for example, because of long-term health complications – then the guaranteed acceptance of Over 50s Fixed Life Insurance could provide the peace of mind you need. This policy can also be suitable if you need cover over the long-term to leave something for your loved ones.

Additionally, your premiums will be fixed – they’ll never go up – and range from £8 to £75 per month depending on your age, smoker status and the cash sum you need.

Alternatively, you could consider a Life Insurance policy. This could be an option if you’re in relatively good health and if you need a higher level of protection for a fixed term because others are still dependent on you financially. Or there is Decreasing Life Insurance if you are looking to cover a repayment mortgage. 

Some couples in their 70s decide that joint life insurance is their best option. With a joint life insurance policy, two lives are covered, but only pays out once. Read more about the differences between single and joint life insurance. 

We also offer Over 50s Fixed Life Insurance, but this can only be taken out as a single policy.