Protection Insurance Pricing Guide
Typical costs for life insurance and critical illness cover, plus what factors affect your price
Important: These are indicative prices only
The prices shown are based on standard rates for healthy, non-smoking individuals. Your actual premium will depend on your personal circumstances, health, lifestyle and the insurer's underwriting criteria. These figures are for illustration purposes and should not be relied upon as quotes.
Even on standard rates, different insurers price very differently. We've seen premiums vary by 30-50% between insurers for the same person. That's why comparing the whole market through an adviser can save you significant money.
Income protection is not included as pricing depends on too many variables (occupation class, deferred period, payout period, benefit amount) to show meaningful indicative figures.
These figures are examples only, based on healthy non-smokers. They're designed to give a rough idea of costs — not to suggest what you personally should pay. Most people's final premiums are confirmed only after a full adviser review.
Pricing sourced from
Why seeing typical costs helps
Understanding realistic price ranges helps you decide what level of cover to explore — before committing to an application.
Based on £150,000 level cover for a healthy non-smoker
| Age | 10 Year Term | 15 Year Term | 20 Year Term | 25 Year Term |
|---|---|---|---|---|
| 25 | £5.50/month | £6.20/month | £7.10/month | £8.40 |
| 30 | £6.80/month | £7.90/month | £9.50/month | £11.80 |
| 35 | £9.20/month | £11.50/month | £14.80/month | £19.20 |
| 40 | £13.50/month | £18.20/month | £25.40/month | £35.60 |
| 45 | £21.80/month | £32.50/month | £48.20/month | £68.90 |
| 50 | £38.50/month | £58.20/month | £89.40/month | N/A |
| 55 | £68.20/month | £108.50/month | N/A/month | N/A |
Age 25
Age 30
Age 35
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Age 45
Age 50
Age 55
Based on £200,000 decreasing cover for a healthy non-smoker (ideal for repayment mortgages)
| Age | 15 Year Term | 20 Year Term | 25 Year Term | 30 Year Term |
|---|---|---|---|---|
| 25 | £4.20/month | £4.80/month | £5.60/month | £6.40 |
| 30 | £5.30/month | £6.40/month | £7.90/month | £9.50 |
| 35 | £7.80/month | £10.20/month | £13.20/month | £16.80 |
| 40 | £12.50/month | £17.80/month | £24.60/month | £32.40 |
| 45 | £22.80/month | £34.20/month | £48.50/month | N/A |
| 50 | £42.50/month | £65.80/month | N/A/month | N/A |
| 55 | £78.40/month | N/A/month | N/A/month | N/A |
Age 25
Age 30
Age 35
Age 40
Age 45
Age 50
Age 55
Decreasing cover reduces over time to match your repayment mortgage balance - typically 30-40% cheaper than level cover.
Based on £100,000 level cover for a healthy non-smoker
| Age | 10 Year Term | 15 Year Term | 20 Year Term | 25 Year Term |
|---|---|---|---|---|
| 25 | £12.80/month | £15.40/month | £18.60/month | £22.90 |
| 30 | £18.50/month | £23.20/month | £29.80/month | £38.40 |
| 35 | £28.40/month | £38.60/month | £52.80/month | £72.50 |
| 40 | £48.20/month | £72.40/month | £105.60/month | £148.90 |
| 45 | £82.50/month | £132.80/month | £198.40/month | £285.60 |
| 50 | £142.80/month | £238.50/month | £365.20/month | N/A |
| 55 | £248.60/month | £425.80/month | N/A/month | N/A |
Age 25
Age 30
Age 35
Age 40
Age 45
Age 50
Age 55
What about Income Protection pricing?
We haven't included Income Protection premiums here because there are too many variables to provide figures that would be meaningful or accurate. Your premium is influenced by several factors, including:
- Your occupation and risk class
- The deferred period you choose
- How long the benefit is payable (short-term 1-5 years or to retirement)
- The amount of monthly income you wish to protect
For this reason, the most reliable way to understand the cost of Income Protection is to speak with an adviser. We can review your circumstances in detail and provide tailored quotations from multiple providers.
What Affects Your Premium?
Insurance companies consider many factors when calculating your premium. Here are the main things that can affect your rate.
Why Use an Adviser?
Different insurers rate the same conditions very differently. One insurer might charge 50% extra for a condition while another offers standard rates. An experienced adviser knows which insurers are best for your specific circumstances and can often find better rates than you'd get going direct.
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