Direct Line offer life insurance from £5 per month[7]. However, this is dependent on personal factors and your quote could be higher or lower than this.
Age - On average, premiums are cheaper the younger you are. This is due to a smaller risk being imposed on the insurer.
Medical history - If you have pre-existing health conditions (conditions existing at the time of application) historical medical ailments or a family history of certain medical conditions, your premiums are likely to have additional loading (be more expensive).
Smoking status - If you smoke, vape or use any form of nicotine product, your premiums will be higher than those who don’t.
Direct Line won’t let you secure over 50 life insurance if you’re a smoker over the age of 81, whereas non-smokers can apply up to 85 years old.
Some providers may require you to be nicotine free for a set period before classifying you as a non-smoker.
Weight/BMI - If you’re overweight or underweight, you may experience higher loading on your premiums depending on your specific BMI.
This will be assessed on a case-by-case basis with many insurers, including Direct Line.
Dangerous occupation/hobbies - Due to the increased risk these could put on your life, occupations and hobbies deemed hazardous are likely to cause premiums to be higher.
In some rare scenarios, an application may be rejected if the occupation or hobby is considered too high-risk.
Lifestyle - If your lifestyle is perceived as risky, your premiums will be higher.
This can include alcohol consumption (if over 14 units per week), an inactive lifestyle and how frequently you exercise.
Many insurers will also automatically reject your application if you’re actively using recreational drugs.
Policy type - Term life insurance is usually the cheapest option, as the cover will expire after a set period.
Premiums for over 50s plans are not affected by your medical information, which means this could be a cheaper option for those who are older and have pre-existing medical conditions.
Additionally, Direct Line and other insurers raise premium costs on guaranteed policies (over 50s plans and whole of life insurance) to mitigate the risk.
Length of cover - Term-based policies over a longer period will have higher premiums, as they impose more risk on the insurer.
Over 50s cover or whole of life insurance tend to be the most expensive as they’re guaranteed to pay out, though over 50s plans do not require medical information.
Direct Line doesn’t offer whole of life insurance.
Sum assured - The higher your sum assured, the higher your premiums. Direct Line will only let you secure a maximum of £15,000 with over 50s plans.
If the information you provide on the application is inaccurate, this is known as ‘non-disclosure’.
Non-disclosure can be either intentional or unintentional and will result in your policy becoming invalid, meaning any future claims by loved ones will be unsuccessful.
Your life insurance provider has the right to investigate any potential non-disclosure and can delay a payment until the cause of death or application has been thoroughly examined.
While we can’t help you secure Direct Line life insurance, we can compare quotes from other top UK providers and walk you through the application process.
Furthermore, life insurance quotes through Reassured start from as little as 20p-a-day.
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