Rates last updated: 26 July 2021
Whole life premiums rise with age but can be reduced if you shop around and use a
whole life premiums comparison service that matches you to the best insurance company for your circumstances, (age, smoking status, etc).
We have created a table of the current best premiums available to give you an idea as to what you could expect.
The most important consideration when buying a whole of life insurance is that you can afford to maintain the premiums until you die so its even more important that you get the best deal on your whole life premiums in the first place.
Table Of Example Whole Life Premiums – (these are for monthly premium policies and once they go into force they are guaranteed not to change)
| Whole Life Premiums | Age 30
NonSmoker | Age 30
Smoker | Age 35
NonSmoker | Age 35
Smoker | Age 40
NonSmoker | Age 40
Smoker | Age 45
NonSmoker | Age 45
Smoker | Age 50
NonSmoker | Age 50
Smoker |
|---|
| £10,000 | £11.83 | £14.25 | £13.24 | £15.71 | £15.31 | £18.25 | £17.33 | £20.07 | £18.80 | £23.31 |
| £25,000 | £22.79 | £29.97 | £26.11 | £32.73 | £31.11 | £38.21 | £37.55 | £44.40 | £44.00 | £52.50 |
| £50,000 | £38.86 | £48.30 | £45.05 | £54.70 | £54.38 | £66.85 | £66.54 | £84.92 | £74.95 | £94.35 |
| £100,000 | £71.01 | £94.60 | £82.93 | £106.68 | £100.90 | £126.35 | £124.34 | £159.75 | £147.90 | £186.70 |
| £250,000 | £168.62 | £232.03 | £197.95 | £256.38 | £242.16 | £304.78 | £299.82 | £386.95 | £364.18 | £463.75 |
Last Updated: 26 July 2021
(Source: PayingTooMuch.com)
| Whole Life Premiums | Age 55
NonSmoker | Age 55
Smoker | Age 60
NonSmoker | Age 60
Smoker | Age 65
NonSmoker | Age 65
Smoker | Age 70
NonSmoker | Age 70
Smoker | Age 75
NonSmoker | Age 75
Smoker |
|---|
| £10,000 | £22.43 | £27.91 | £27.40 | £35.18 | £33.56 | £45.37 | £42.72 | £58.76 | £56.29 | £77.30 |
| £25,000 | £52.33 | £64.00 | £60.34 | £82.18 | £75.23 | £107.65 | £97.36 | £139.34 | £136.83 | £187.48 |
| £50,000 | £91.35 | £122.80 | £108.82 | £155.70 | £136.57 | £199.19 | £177.78 | £255.99 | £246.50 | £337.80 |
| £100,000 | £177.03 | £239.30 | £205.77 | £296.09 | £259.24 | £379.88 | £338.63 | £487.85 | £477.91 | £637.42 |
| £250,000 | £429.47 | £591.23 | £500.18 | £722.37 | £718.00 | £928.53 | £827.04 | £1,197.71 | £1,200.56 | £1,591.95 |
Last Updated: 26 July 2021
(Source: PayingTooMuch.com)
The table shows that smokers pay more than non-smokers as it is traditionally accepted that the life expectancy of a smoker is shorter than a non-smoker.
However, most insurance company questions on smoking in the UK simply ask if you have used any tobacco products (including e-cigarettes which count as smoking) within the last 12 months. This means that no matter how long you have smoked for, if you quit for 12 months you can switch to the non-smoker rates.