Cheap Life Cover Over 10 Years

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Rates last updated: 16 October 2019

Life cover over 10 years means that if you die within 10 years, the life cover will payout. This type of cover is ideal as a compromise between having some much needed cover in place and keeping the premium as low as possible. Could there be better cover term options?

Interestingly the cost of cover below 10 years really doesn’t fall much. There’s little point in buying a 5 year cover (unless your older), and then after 5 years buying another 5 year cover as the premiums for a 5 year and a 10 year cover are almost the same. Also, just in case you develop a medical condition it’s best to buy the longest term you can afford at outset.

We have compiled some of the best market rates for 10 year life cover below over a range of life cover amounts and for a selection of starting ages.

You should get yourself a tailor made quote from a leading website to check what the price would actually be for your 10 year cover using your own date of birth.

Cheap Life Cover Over 10 Years - Non-Smokers
10 Year Life Cover (n/s)£10,000£50,000£100,000£150,000£200,000£250,000£500,000£1,000,000
Age 30 (n/s)£2.34£3.72£4.73£5.62£6.35£6.97£13.08£23.55
Age 35 (n/s)£2.42£4.11£5.30£6.45£7.62£8.81£16.69£29.51
Age 40 (n/s)£2.54£4.72£6.86£8.55£10.52£12.76£23.42£44.44
Age 45 (n/s)£2.80£5.81£8.85£11.73£14.67£17.68£33.30£64.11
Age 50 (n/s)£3.21£7.27£12.32£16.98£21.91£27.12£51.19£97.16
Last Updated: 16 October 2019 (Source: PayingTooMuch.com)

Cheap Life Cover Over 10 Years - Smokers
10 Year Life Cover (s)£10,000£50,000£100,000£150,000£200,000£250,000£500,000£1,000,000
Age 30 (n/s)£2.54£4.69£6.35£8.30£9.92£10.87£19.73£35.35
Age 35 (n/s)£2.76£5.54£8.00£10.87£13.37£16.20£28.36£54.27
Age 40 (n/s)£3.12£6.81£11.18£15.51£19.56£23.95£43.89£84.73
Age 45 (n/s)£3.81£9.37£15.99£23.93£30.85£36.76£69.22£139.66
Age 50 (n/s)£5.03£14.43£24.79£38.28£48.60£60.25£117.67£228.53
Last Updated: 16 October 2019 (Source: PayingTooMuch.com)

Uses Of 10 Year Life Cover

Term life cover is most useful where the liability you wish to insure is of a temporary nature which is typically a loan or mortgage or perhaps to protect a growing family that would be vulnerable if you died early whist they are dependent on your income.

There are other ways to influence the cost of life cover other than keeping the term to 10 years, it may be better to reduce the life cover amount slightly and extend the term. Try some quotes for yourself using your own date of birth and experiment with different cover levels and terms to suit your budget and circumstances.