Whatever your age, we’ll take you through the best life insurance policies to consider.

There is no right or wrong time to take out a life insurance policy. As soon as you have financial obligations or dependents, it’s time to secure a policy that’s right for you. That can mean fitting in with your budget; providing a financial safety net for your family; or simply ensuring your financial obligations are covered whatever the outcome.


With that in mind, there is no best age to take out life insurance. It really does just come down to your personal circumstances.


Whatever your age, if you’re considering taking out life insurance we’re here to offer a helping hand. We’ll take you through the best options for different age groups and what to think about before taking the plunge. Read on to learn more.

Life insurance in your 20s and 30s

Securing a life insurance policy in your 20s and 30s is essential for many. Typically this is the age where many of life’s milestones are achieved. Becoming a parent, getting your foot on the property ladder and reaching your career goals are all great reasons to start thinking about life insurance.


If you’re in your 20s and 30s and haven’t yet invested in a life insurance policy, we’d advise you to seize the day. Protect your financial assets and your loved ones from the get-go. The main benefit to securing life insurance while you’re still young is getting to lock in a lower monthly premium.


Generally, you’re at your best in terms of health during your 20s and 30s. And as such, it’s quite possibly the best age to get life insurance.

Life insurance for people ages 30-50

Life insurance is designed to protect your loved ones financially. It also covers any outstanding debts (such as a mortgage) if you pass away unexpectedly. Life insurance is a great investment for those with financial obligations and dependents. So, if you’re aged 30-50 and are considering taking out life insurance for the first time – why wait?


Whatever has prevented you from purchasing life insurance in the past, we can help you choose a policy that meets your needs and expectations. We can also ensure you get personalised quotes based on your budget too.

Life insurance for people over 50

An over 50s life insurance policy is a good idea for anyone that wants to leave their loved ones an inheritance and ensure their burial costs are covered. If you’re in poor health, an over 50s policy could be ideal. This type of life insurance policy generally involves no medical-based questions. This means that you’re likely to pay less into the policy than your survivors will get out at the end.

Life insurance when you buy a home

Upon being approved for a mortgage, many providers observe taking out life insurance as a mandatory part of the agreement. This will cover the costs of your mortgage repayment even in the event of your death.


Anyone buying a home should consider the different types of life insurance available, whatever their age. Budget can also come into play especially for those purchasing their first home.


Decreasing-term life insurance is often the most affordable option. This is due to the amount it pays out in the event you die decreasing in line with you paying off your financial commitments.

Life insurance when you have children

Becoming a parent is a massive responsibility and one of the main reasons to consider investing in life insurance.


Life insurance pay-outs are the perfect way to secure your family financially. When it comes to covering the cost of mortgage repayments and household expenses in general they can be critical for most parents. But not only that, life insurance can also cover childcare costs and all those unavoidable expenses that come hand-in-hand with raising a little one.


Whether you’re the breadwinner, a stay-at-home parent, or a single parent, there’s a life insurance policy tailored to your needs. Any insurance pay-out will help to minimise the disruption of your child’s life as much as possible.


It’s also important to highlight that life insurance is just as crucial an investment for stay-at-home parents. Consider the everyday chores a stay-at-home parent is responsible for on a daily basis. From childcare in general to school runs and laundry, there’s a lot of unpaid labour. If a stay-at-home parent were to die, who would shoulder that unpaid labour?


Life insurance pay-outs help with reduced incomes or additional costs in line with a significant change to childcare demands.

Which life insurance policy is right based on ages?

Any one in their 20s or 30s would find a term life insurance policy the most affordable. You can agree the duration of the term and how much you’d like it to pay out in the event of your death. But, bear in mind that the longer you want a policy to last, the more expensive the premium will be.


If you’re aged between 30 and 50 you’ll want to decide between term life insurance or whole of life cover. Which one is right for you will depend on your personal circumstances. Compare prices and find the right fit for your budget through Life Expert.


Anyone in their 50s can get access to specialist over 50s policies. This type of life insurance is ideal for anyone who isn’t in the best of health as there are usually no health-related questions asked during the purchasing process. Term and whole of life cover are other options you may wish to consider. Again, the right option will depend on your budget, how much you need the policy to pay out and other factors such as lifestyle and overall health.

Why secure life insurance for all ages with Life Expert

At Life Expert, we deliver quotes from our panel of insurers. We’ll also help you to conduct a full comparison between the best life insurance options to suit your needs. All of our quotes are completely personalised. Plus, our experts are always on hand to help guide you through the entire purchasing process.