How Much Is Life Insurance? Cover from just £5 per month

Life insurance costs less than most people think. Compare quotes from leading UK insurers to find out what you would pay.

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What Affects Life Insurance Cost?

Several factors determine how much you pay for life insurance.

Your Age

Age is the biggest factor. A 30-year-old pays roughly half what a 50-year-old pays for the same cover. Getting cover sooner locks in lower rates.

Your Health & Lifestyle

Smokers pay significantly more. Pre-existing conditions, BMI and occupation also affect your premium. Be honest — incorrect information can void a claim.

Cover Amount & Term

Higher cover amounts and longer terms cost more. A broker can help you calculate the right amount so you are not over-insured or under-insured.

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Average Monthly Costs by Age

Typical premiums for £200,000 level term cover over 25 years.

Age	Non-Smoker	Smoker
30	£8-12/month	£14-20/month
35	£10-16/month	£18-28/month
40	£14-22/month	£26-40/month
45	£22-35/month	£40-60/month
50	£35-55/month	£65-100/month

Indicative prices only. Your actual premium depends on individual circumstances. Get a personalised quote for an accurate price.

Life Insurance Cost FAQs

Common questions about life insurance pricing.

Decreasing term life insurance is the cheapest type because the payout reduces over time. It is ideal for covering a repayment mortgage. Level term costs slightly more but provides a fixed payout.

Yes. Comparing quotes from multiple insurers is the easiest way to save. You can also reduce costs by choosing a shorter term, lower cover amount, or decreasing term instead of level term.

Yes. Premiums increase with age because the risk of a claim increases. However, once you take out a policy, your premium is usually fixed for the entire term.

Yes, typically 50-100% more expensive. Most insurers class you as a smoker if you have used any nicotine products in the last 12 months, including vaping and patches.