£100,000 life insurance

One of the most frequently asked questions by applicants is ‘how much is a £100,000 life insurance policy?’

Whilst the answer to this question can vary, depending on the insurer and your personal circumstances, it’s possible to secure up to £100,000 of life insurance cover from just £3.50 per month through Reassured^{^}.

Compare life insurance quotes through an FCA-regulated and award-winning broker, such as Reassured.

Comparing multiple quotes can allow you to find the right policy for your needs, at our best price.

All quotes through Reassured are personalised, fee-free and no-obligation, so why not get in touch?

The monthly cost of a £100,000 life insurance policy will depend on the policy type you take out and your personal circumstances.

The price you pay for life insurance is based on the level of risk you pose to the insurer; the higher the risk, the more you’ll pay for your cover.

These factors will be assessed during the application process and your life insurance premium will be calculated accordingly.

Below you’ll find example quotes for a £100,000 life insurance policy from Aviva, AIG and Legal & General. Quotes are based on a non-smoker in good health for a level term policy with a 30 year term.

As you can see from the table above, the price you pay for £100,000 of life insurance cover can vary between different insurers.

To find our best rates for a £100,000 life insurance simply contact us today for your free quotes.

We work with a panel of insures, including some of the UK’s best life insurance providers.

Whether you need a life insurance policy with £100,000 of cover will depend on your personal circumstances and what you’d like to cover.

By assessing what aspects of your life you’d like to protect (such as the ones listed above) you can estimate how much cover you’re likely to require.

For example: remaining mortgage balance + family living costs (until children reach financial independence) + funeral costs = required sum assured.

It may be that you require more or less than £100,000 of cover. Everyone has different needs and different reasons for securing life insurance, so cover amounts can vary significantly between applicants.

For seniors, over the age of 50, the most popular form of life insurance is an over 50s plan.

Unfortunately, with this policy type, the maximum amount of cover you can secure is up to £20,000.

Over 50s plans don’t require you to provide any medical information and guarantee acceptance to those aged 50 - 85. Therefore, to compensate for the unknown risk, cover is capped at a lesser amount.

It’s still possible to secure term or whole of life insurance (with a potential sum assured of £100,000) in your senior years. However, your age and health will influence the price that you pay.

Below are example quotes for a level term life insurance policy (10 year term) for £100,000 of cover. Quotes are based on a non-smoker in good health:

As highlighted by the table, the price you pay for life insurance can increase significantly as you get older.

For this reason, it could be beneficial to secure cover before your senior years. For example, taking out life insurance in your 40s could be more cost effective than getting £100,000 life insurance at 60.

Alternatively, comparing quotes can help you to find the most suitable life insurance for seniors, why not let Reassured help you to do this?

If taking out £100,000 life insurance, this will be the amount that’s paid out to your loved ones upon your passing.

With most life insurance policies your pay out amount remains level, this means it remains the same throughout the policy lifetime.

[1] https://www.sunlife.co.uk/siteassets/documents/cost-of-dying/sunlife-cost-of-dying-report-2023.pdf/