Estimate an indicative monthly premium for level, decreasing (mortgage) or whole-of-life cover, by age, sum assured, term and smoker status.
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Pick the cover type; the estimate updates as you change age, sum assured and smoker status.
Indicative estimate from typical market rates, not a quote — the real price depends on full medical underwriting. Life cover is gender-neutral and IPT-exempt.
Monthly premium: £9.45 – £17.55Indicative estimate, not a quote. Real premiums depend on medical underwriting and the insurer. The figure shown is a market average. Everything is computed in your browser.
⚖︎ Results are for informational purposes and do not constitute tax advice. For specific situations, consult a licensed accountant or the relevant tax authority.
Premiums are estimated from a rate per £1,000 of cover per month, scaled by age band and product type (gender-neutral, no IPT on pure protection):
Level term, age 35, £150,000 cover, non-smoker ≈ £7–£13/month. Decreasing (mortgage) cover is cheaper (≈ ×0.65); a smoker pays roughly double.
By age (the biggest factor), sum assured, term, smoker status and product type, then adjusted by full medical underwriting. This tool gives an indicative estimate from typical market rates — the real price comes from an insurer's quote.
Level term pays a fixed amount over a fixed term. Decreasing term (mortgage life) reduces in line with a repayment mortgage and is the cheapest. Whole-of-life pays whenever you die and is much dearer, often used for inheritance-tax planning.
No. Pure-protection life insurance is exempt from Insurance Premium Tax, so the premium you see has no IPT added — unlike home (12%) or travel (20%) cover.
Often yes. Writing a life policy into trust keeps the payout outside your estate for inheritance tax and can speed up payment to beneficiaries. It doesn't change the premium — ask your provider or adviser.