Rates last updated: 19 January 2021
The price of £1m of life insurance has been falling as life expectancy has improved over the years. The oldest person ever to have lived was a French woman who died in 1997 at the age of 122 years 164 days. The oldest man to have lived is in Japan and aged 116 years.
Life insurance premiums are calculated based up on your age and smoking status, the amount of cover you want and how long you need the cover to last.
Is £1m of life insurance expensive?
The cost of life insurance for £1m depends on your age, smoking status and general state of health. Use the table below to get some idea however there’s no substitute for getting a life insurance quote
The premiums are paid monthly for the full policy term and the customers are assumed to be non-smokers in a normal state of health.
The Best £1m Life Insurance Quotes
|Age||5 Years||10 Years||15 Years||20 Years||25 Years||30 Years||35 Years||40 Years||45 Years||50 Years||Whole Of Life|
Last Updated: 19 January 2021 (Source: PayingTooMuch.com)
Compare Prices Before You Buy
It’s always a good idea to compare prices before you buy as some online companies will discount their prices over face to face salesman. You may also want to know that you will have some personal representative support which you can get online during the underwriting process as it’s likely there will be medical reports and possibly a medical exam due to the higher than average sum assured.