Can you get life insurance over 70?
Yes — but the options narrow significantly compared to younger applicants. Most traditional term life insurance policies have an upper age limit of 70–85 for new applications, and premiums are considerably higher.
Main options for over-70s
1. Over-50s guaranteed acceptance plans
These policies accept all UK residents aged 50–85 with no medical questions. They typically offer cover of £1,000–£20,000 — useful for funeral costs or leaving a small inheritance. Premiums are fixed for life, but there's usually a waiting period of 1–2 years before the full benefit is payable.
2. Whole of life insurance
Whole of life policies pay out whenever you die — there's no end date. Some are available to people in their 70s, though premiums will be high. They can be useful for inheritance tax planning.
3. Term life insurance
Some insurers offer term policies up to age 80 or 85, though the terms available shorten as you get older. If you're in good health, it's worth getting quotes — premiums may be more affordable than you expect.
How much does life insurance cost for over-70s?
Premiums depend heavily on age, health, and the type of policy. A 72-year-old non-smoker in good health might pay £50–£100 per month for £50,000 of cover on a term policy. Over-50s guaranteed plans are cheaper but offer lower cover levels.
Do I need a medical for life insurance over 70?
Guaranteed acceptance plans require no medical. Underwritten term or whole of life policies will ask about your health and may require a medical report or examination. The better your health, the better the rates.
Inheritance tax planning
Life insurance written in trust can be used to help cover an anticipated inheritance tax bill, meaning your beneficiaries receive more of your estate. This is one of the most common reasons over-70s take out life insurance.
Frequently Asked Questions
It varies by insurer. Most guaranteed acceptance plans are available up to age 85. Some underwritten policies have lower maximum ages.
It depends on your reason for buying. For funeral planning or leaving a small inheritance, yes. For income replacement or mortgage protection, less so at this stage.
You can be refused underwritten policies if you have serious health conditions. However, guaranteed acceptance plans cannot refuse you on medical grounds.