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How Much Over 50 Life Insurance Do I Need?

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Buying life insurance could be one of the most important things you do in life. So, you want to make sure that you get the right amount of cover. When deciding how much life insurance you need, there are a few things to keep in mind. As well as your budget, you should think about what you want the money to be used for, and how much debt you might leave behind. 

Choosing the right amount of cover is all about finding a balance between what you need and what you can afford. Let’s look at how you can work this out.

What do you want your Over 50 life insurance to do?

You’re probably thinking about over 50 life insurance to ensure that your final expenses are taken care of, but how much do you need? Some of the things your payout could help pay for include:  

When you add it all up, it might seem like deciding how much over 50 life insurance you need can be a complicated decision.

Use our calculator to work out how much cover you might need

There’s no need to feel overwhelmed though, because help is available. Cover Today offers cover from day one1. If you’re not sure where to start our life insurance calculator can help you to find out how much cover, you could take out with us based on what you want the protection to be used for 

Our over 50 life insurance calculator helps you quickly work out how much life insurance you might need. Things like small debts, possible gifts and funeral costs are taken into consideration. Monthly premiums are key, and of course it all comes down to how much you can afford. 

Get Cover Today at an affordable price

You don't need to spend a fortune to get the right cover. Our Cover Today Over 50s Life Insurance starts at just £4.42 per month2. Taking out life insurance is a lot like planting a tree though: the best time to plant a tree is 20 years ago and the next best time to plant a tree is right now. The sooner you take out life insurance the more affordable your premiums will be. 

Why choose Cover Today Over 50s Life Insurance?

When you take out life insurance with Cover Today there is no waiting period. That means you have instant cover from day one1. What’s more, you'll get a choice of £125 Gift Card when you take out a policy*. You'll also have access to a range of free health and wellbeing services.3 There’s no medical or blood tests either, just a few health and lifestyle questions.

Think about your estate as a whole

While it’s very important to think about debts and liabilities, don’t forget to account for your assets too. An asset could be anything with monetary value, for example, property that you own or savings accounts in your name. These are things that could help fulfil any financial obligations after your passing. You might also consider any existing life cover that you could have. It could be in the form of a life insurance policy that you got through your job. So, when you’re considering how much money you might need to leave behind, and how much life insurance cover to take out, it’s important to make sure you keep track of what you already have.

Calculating your coverage

Now that you have a better idea of the potential expenses that could inform your ideal coverage, you can use our online life insurance calculator to get an idea of how much cover you could take out with us based on what you want your protection to do. If you still have some questions, our UK-based team will provide you with everything you need to know about getting Cover Today Over 50s Life Insurance.

Contact us to secure peace of mind with Over 50 Life Insurance

Securing over 50 life insurance can seem like a daunting task and it could be easy to put off. At Cover Today, our goal is to help you secure the right amount of cover at the right price. Our UK-based team are ready and waiting to help you get real protection over the phone today. In addition to our easy-to-use online life insurance quote calculator, our team are ready to help. We’ll only ask a few health questions and once your application has been accepted your cover is in place. 

Get instant, real protection from day one with Cover Today


Choice of £125 Gift Card, for new policy holders only, after six successful monthly payments and once your total premiums paid exceeds the value of your Gift Card. View full terms and conditions here.


You are covered for Over 50s Life Insurance from day one, once your application is successful. Compared to current market providers of over 50s life insurance, only Cover Today offer immediate cover for death due to any cause. Visit


For a 50-year-old non-smoker with £1,000 of cover.


Please note that the Cover Today Health and Wellbeing services do not form part of your life cover contract and can be changed or removed at any time.