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Key Person Insurance QuoteGet a Free UK Quote
Compare keyman insurance quotes from specialist UK providers
Independent information to help you understand your options. Protect your business today.
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Our full comparison service launches Q2 2026
Pre-Register for LaunchWhat You'll Need for a Key Person Insurance Quote
Before requesting a key person insurance quote, gather these details to ensure you get accurate pricing from providers.
Key Person's Details
- •Age — the single biggest factor in premium calculations. Quotes increase significantly after age 50
- •Health status — pre-existing conditions, BMI, and family medical history all affect underwriting
- •Smoking status — smokers typically pay 50–100% more for the same cover
- •Occupation — manual or hazardous jobs may face premium loadings from some insurers
Business & Cover Details
- •Cover amount — based on profit contribution, replacement cost, or outstanding loans. Use our calculator to estimate
- •Cover type — life only, or life + critical illness? Adding CI typically doubles the premium but covers the more likely scenario
- •Policy term — how long you need cover for (typically 5–25 years). Longer terms cost more
- •Financial justification — the key person's profit contribution, replacement cost, or outstanding business loans they underpin
Not sure how much cover you need? Use our key person insurance calculator to estimate the right amount, then come back here to understand your key person insurance quote options.
How Key Person Insurance Quotes Are Calculated
Understanding the underwriting factors that determine your keyman insurance quote helps you compare providers effectively and identify the best value.
Age
Premiums increase with age, especially after 50. A 50-year-old typically pays 2–3x more than a 30-year-old for identical cover. Get key person insurance quotes early — every year counts.
Health & Smoking
Pre-existing conditions, BMI, and family medical history affect underwriting. Smokers typically pay 50–100% more. Some providers (like Vitality) reward healthy lifestyles with premium discounts.
Occupation
Manual and hazardous occupations face premium loadings. AIG is typically most competitive for higher-risk jobs. Office-based roles get standard rates from all providers.
Cover Amount
Higher cover means higher premiums, but the relationship isn't proportional — doubling cover doesn't double the premium. Providers offer different maximum limits (£5m to £25m).
Critical Illness
Adding critical illness cover to a keyman insurance quote typically doubles the premium. However, a working-age person is statistically more likely to be critically ill than to die, making CI valuable cover.
Policy Term
Longer terms cost more because the risk of a claim increases over time. Most businesses choose 10–20 year terms. Level-term policies lock in a fixed premium for the full term.
Indicative Key Person Insurance Quotes
Healthy non-smoker, 10-year level term. Indicative only — actual key person insurance quotes vary by provider and individual circumstances.
| Age | £100k Life Only | £100k Life + CI | £250k Life Only | £250k Life + CI |
|---|---|---|---|---|
| 30 | ~£8/mo | ~£18/mo | ~£15/mo | ~£35/mo |
| 40 | ~£12/mo | ~£28/mo | ~£25/mo | ~£55/mo |
| 50 | ~£25/mo | ~£65/mo | ~£55/mo | ~£130/mo |
Estimates based on general UK market rates as of 2026. These are not actual quotes. Premiums vary by up to 40% between providers — always compare providers before committing. See our full cost guide for detailed breakdowns.
Key Person Insurance Quote FAQs
How long does it take to get a key person insurance quote?
Initial indicative key person insurance quotes can be generated in minutes based on basic details such as age, health status, and cover amount. Full underwritten quotes typically take 1–2 weeks, depending on whether medical evidence is required. For straightforward cases (healthy non-smoker, standard occupation), some providers can issue a final quote within 24–48 hours.
Is a key person insurance quote free?
Yes. All UK key person insurance providers and brokers offer free, no-obligation quotes. You should never pay for a quote. If someone asks you to pay for a keyman insurance quote, that is not standard practice in the UK market.
Can I get a keyman insurance quote online?
Some providers offer online quote tools for indicative pricing. However, for key person insurance (which involves business-specific assessment), most final quotes require a phone call with an adviser or direct application. Our comparison page helps you shortlist providers before requesting keyman insurance quotes.
What's the difference between a key person insurance quote and a keyman insurance quote?
There is no difference — they are the same product. “Key person insurance” is the current industry term, while “keyman insurance” and “key man insurance” are older terms still widely used. Quotes will be identical regardless of which term you use when requesting them.
Why do key person insurance quotes vary so much between providers?
Premiums can vary by up to 40% between providers for identical cover. Each insurer uses different actuarial models, has different appetite for specific industries and occupations, and prices critical illness conditions differently. This is why comparing keyman insurance quotes from at least 3–4 providers is essential. See our comparison table to start your research.
Ready to Protect Your Business?
Compare key man insurance quotes from specialist UK providers, or see our full provider comparison.
Or explore our guides: What is keyman insurance? • Key person cover costs • Tax treatment