David Allan

Expertly compared by David Allan

Products Updated April 20, 2018

Compare Life Insurance For Over 70’s

Life insurance can provide an important financial safety net regardless of your age. Over 70’s life insurance is a key financial planning tool at an important stage in anyone’s life and the belief that over 70’s cover is too expensive is not the case at all. Let our experts and providers find you a great deal.

FREE life insurance advice and comparison. Our experts can help find you a great deal from providers across the whole marketplace:

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All credit types
Rated 4.8/ 5

Lifes Great

Provider
Lifes Great

Products
Life Insurance

Speciality
Compares The Market

Whether you are looking for a cash lump sum payout or decreasing term mortgage life insurance, Lifes Great can provide you with a quote and a recommendation in under a minute. Free to use and you are under no obligation to proceed with any quote given.

Available via broker only
All credit types
Rated 4.7/ 5

Friends Life

Provider
Friends Life

Products
Life Insurance

Speciality
Life Insurance

Friends Life is now part of the Aviva Group. Get the cover you need to protect your family and loved ones when you're no longer around.

Available via broker only
All credit types
Rated 4.5/ 5

LV

Provider
Liverpool Victoria

Products
Life Insurance

Speciality
Life Insurance

Life insurance from Liverpool Victoria will pay a lump sum should the worst happen, so you will have peace of mind that your family and loved ones will be financially protected when you’re no longer here. Even superheroes need protection.

Available via broker only
All credit types
Rated 4.5/ 5

Royal London

Provider
Royal London

Products
Life Insurance

Speciality
Life Insurance

With a policy in place with Royal London , you can leave money to your loved ones when you pass away, to help protect your family financially. Get a free quote or apply online.

Available via broker only
All credit types
Rated 4.6/ 5

Legal & General

Provider
Legal & General

Products
Life Insurance

Speciality
Life Insurance

Life cover or life assurance helps you to financially protect the future of your loved ones. Life Insurance from Legal and General offers reassurance that your loved ones or family will still be looked after financially should the worst happen.

Available via broker only
All credit types
Rated 4.2/ 5

Zurich

Provider
Zurich Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Zurich Life Insurance will pay out a cash sum if you die during the term of the policy, or if you are diagnosed with a terminal illness and are expected to live for less than 12 months. Plans can be tailored with optional extras to suit your individual requirements and to provide added peace of mind.

Available via broker only
All credit types
Rated 4.6/ 5

Ageon

Provider
Ageon Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Ageon is here to help you reach your goals at every stage of your life. Part of that involves putting plans in place to adequately protect and insure you against the unexpected things in life.

Learn More Available via broker only
All credit types
Rated 4.6/ 5

Vitality

Provider
Vitality

Products
Life Insurance

Speciality

If the worst should happen, or you can’t work because of illness or injury, Vitality Life's 5-star Defaqto award-winning range of protection products will give you or your family payments to make things easier.

 

FAQ's

What is cover for over 70's?

This Policy will pay out a lump sum in the event of the policy holder passing away. There is a period of 2 years during which, the death benefit will not be payable but if the policy holder were to pass away within this agreed period there would be a payout of all premiums paid to that date.

Life insurance can provide an important financial safety net regardless of your age. Over 70's life insurance is a key financial planning tool at an important stage in anyone's life and the belief that over 70's cover is too expensive is not the case at all. Over 70's life insurance is simplified and low cost and it is also known as term assurance as you can decide how long you are covered for.

There are a number of over 70's insurance policies available, here are just a few;

Over 70's joint insurance policy, this makes it possible to add an additional person to the policy.

Increasing over 70 year old life cover, this is where the premiums can rise over the years.

Re-viewable premium policy, where premiums may rise every set period (what ever term time agreement you have in place)

Guaranteed premium cover, where the premiums stay at the same cost for the life time of the policy.

How does it work?

An over 70's life insurance policy is simple to apply for. Providing you are a UK resident and you’re aged 70 and over you are usually guaranteed to be accepted. With this policy there are usually no medical examinations.

With an over 70's life insurance policy, a death benefit would be paid out should the policy holder die after the agreed qualifying period. There are also other benefit claims available which will be stated below.

What are the features?

  • Terminal illness benefit – If you have been declared as terminally ill and have no more than 12 months to live, there is a benefit amount paid out to help you and your family financially. This could also help with your mobility costs.
  • Funeral benefit amount-This will be paid in advance to help cover and arrange any funeral costs. This means that your family will not be left to deal with the grief whilst attempting to arrange a funeral.
  • Financial planning benefit-This is also an option, so if you were to gain any approved financial planning advice upon the payment of a life cover benefit a payment will be released to cover the cost.
  • Insurance amendments- You are able to amend your policy to suit your needs should your circumstances change at any time and still no medical examination will be required.

What are the benefits?

  • It is affordable and the policies still offer a great deal of coverage to suit your requirements
  • It is convenient and gives you the power to purchase over 70's life insurance from the comfort of your own home without having to arrange a visit to your doctor.
  • Simple and fits your needs – This is cover that is designed to suit your requirements. There are no difficult forms to fill and you can choose cover that fits around you.
  • Fixed premiums, once the policy has been agreed in detail your monthly instalment will never increase so your payment never changes.
  • It is important to remember that the over 70’s policy will guarantee that you have protected your family whilst the benefit paid out will help arrange and pay for your funeral with a lump sum being paid to your children and grandchildren.

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