Basic Life Insurance Quotes

WWW.BASICLIFEINSURANCE.CO.UK

Rates last updated: 17 October 2019

Basic life cover is fundamental to financial planning for families all over the UK. It’s natural that couples will want to protect each other in the event that one of them becomes seriously ill and cannot work or worse still passes away.

This is even more important if you are financially dependent on each other as the loss of an income on top of the emotional distress can lead to financial problems.

Having children means that basic life insurance become essential for the parents. How would the children cope financially with the loss of a parent’s income, to say nothing of the bereavement itself.

Thankfully, basic life insurance is not expensive. The table below shows the monthly cost of basic term life insurance over 20 years for ages 20 to 65 across of range of life insurance death benefits. A personal quote for a competitive life insurance policy is always best when considering your options.

Basic 20 Year Level Term Life Insurance
Term Life Insurance Over 20 YearsAge 20
NonSmoker
Age 25
NonSmoker
Age 30
NonSmoker
Age 35
NonSmoker
Age 40
NonSmoker
Age 45
NonSmoker
Age 50
NonSmoker
Age 55
NonSmoker
Age 60
NonSmoker
Age 65
NonSmoker
£50,000£3.04£3.47£3.79£4.39£5.25£6.86£9.74£15.51£26.55£47.95
£100,000£3.92£4.41£4.96£6.04£7.84£10.72£16.60£28.31£49.53£89.86
£150,000£4.84£5.38£6.01£7.70£10.33£14.72£23.76£39.62£68.57£126.41
£200,000£5.62£6.09£6.90£9.26£12.63£19.43£30.32£50.57£88.22£159.89
£250,000£6.34£6.93£7.30£11.07£15.29£23.79£36.60£61.19£107.36£199.36
Last Updated: 17 October 2019 (Source: PayingTooMuch.com)


What About Whole Of Life Insurance?
Basic whole of life insurance is more expensive than term life insurance because it lasts for the rest of your life, effectively you can’t outlive the term on a whole of life insurance, it will be there for you even if you live to 122, (the oldest person to have lived died aged 122 years).

Basic Whole of Life Insurance
Whole Of Life InsuranceAge 20
NonSmoker
Age 25
NonSmoker
Age 30
NonSmoker
Age 35
NonSmoker
Age 40
NonSmoker
Age 45
NonSmoker
Age 50
NonSmoker
Age 55
NonSmoker
Age 60
NonSmoker
Age 65
NonSmoker
£10,000£8.01£8.66£9.70£10.57£11.24£13.05£15.38£18.28£21.73£26.39
£25,000£14.22£15.91£18.02£20.19£23.84£28.61£33.93£39.46£48.09£59.74
£50,000£24.64£28.19£31.88£36.21£43.52£53.06£63.70£74.75£92.02£115.32
£100,000£41.28£49.04£58.60£68.26£82.89£101.96£123.25£145.34£179.88£226.48
£250,000£96.31£115.72£139.41£161.86£197.84£244.77£297.15£351.50£436.48£551.13
Last Updated: 17 October 2019 (Source: PayingTooMuch.com)

The cheapest way to buy basic life insurance is on the internet where the brokers discount their commissions to reduce the premiums offered. Often you can find identical policies offered at up to 20% less than the insurers charge if you go to their own websites or agents direct so it pays to use a comparison site.