Life Insurance

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From just £5 a month you can help look after your loved ones with a lump sum payout if you die or are diagnosed with a terminal illness.

Key benefits

  • Provide for your family: with cover from £5,000 to £500,000
  • Fixed Monthly Payments: Your premiums will remain fixed, they won't increase at any time throughout the term of your policy
  • Rest assured: you'll get a cover to suit your needs
Post Office® Life Insurance is provided by Aviva Life & Pensions UK Limited.

How it works

Life Insurance can help provide for your family. Any UK resident aged between 18 and 66 can apply and monthly premiums must be paid by Direct Debit. The policy has no cash-in value.

There are four main questions to consider when you’re taking out Life Insurance:

  1. How much?
    We can provide life insurance for up to £500,000, and with premiums starting from just £5 a month, you can decide how much cover you want or how much you can afford each month. Your age, medical history, whether you smoke and the length and type of cover you'd like will be taken into account when calculating your monthly premium.
  2. How long?
    How long do you want cover to last for? If you have dependents (e.g. children), think about how long it will be before they are out of education, earning and not dependant on you anymore. The length of the cover will have an impact on your monthly premium.
  3. What level of cover?
    You can choose between Level and Decreasing Cover. With Level Cover the lump sum payable will remain fixed throughout the term of your policy. With Deceasing cover the lump sum will decrease over the term of the policy, and therefore the amount paid out in the first year would be greater than the amount paid out in the final year.
  4. What type of cover?
    Choose from Single cover for one person or Joint cover for two people. You can select Joint cover if you’re husband and wife, common law partners, civil partners or sharing a mortgage or loan and if one person would suffer financial loss if the other person dies. If you choose joint cover, the lump sum will be paid out once one person dies, then the policy would end. If you’d like each life to be covered, choose two single policies. Then if one person dies the other single policy will still continue for the other person.

Paying out your policy

If you die during the policy term or are diagnosed with a terminal illness, with a life expectancy of less than 12 month, except within the last 18 month of it, a lump sum payment will be made.

The Terminal Illness Benefit will only be payable on one occasion and upon payment the plan will end. If you fail to make your payments, your plan and your cover will be cancelled 30 days after the payment was due and you’ll get nothing back.

Definitions

0800: Calls to 0800 numbers are normally free from UK landlines but charges may apply from mobile phones. Calls may be monitored or recorded for training and compliance purposes.

0845: Call costs may vary depending on your service provider. Calls may be monitored or recorded for training and compliance purposes.


Your monthly premium will depend on a number of things, including the level, type and length of cover, medical history, your age and whether or not you smoke. Some typical monthly premiums are shown below. You can apply for life insurance if you are between 18 and 66 years of age.

Here are some examples of monthly Life Insurance premium costs. You’ll receive your premium costs upon assessment of your application.

Level term monthly premiums

Cover for a period of 25 years
 
£100k
£150k
Age at the next birthday Smoker Non-smoker Smoker Non-smoker
20 £9.75 £8.84 £13.06 £10.19
25 £10.29 £8.84 £13.47 £10.27
30 £11.80 £8.85 £17.01 £10.38
35 £17.82 £10.90 £25.58 £14.00
40 £29.48 £14.60 £38.33 £20.10

Decreasing term monthly premiums

Cover for a period of 25 years
 
£100k
£150k
Age at the next birthday Smoker Non-smoker Smoker Non-smoker
20 £8.90 £5.00 £11.65 £5.89
25 £9.29 £7.64 £11.65 £9.03
30 £10.37 £8.43 £13.59 £10.21
35 £13.62 £9.78 £18.57 £11.99
40 £20.31 £12.78 £28.45 £16.24

 

Over 50's Life Cover

For customers between 50-80 years of age

Life Insurance – Level

For customers between 18-66 years of age

Life Insurance – Decreasing

For customers between 18-66 years of age

Purpose Provides a lump sum when you die that can help your family with funeral costs or clearing debts. Provides a lump sum if you die during the term of cover. It can be used to provide for your dependants and/or help pay off a mortgage Provides a lump sum if you die during the term which decreases throughout the term of the cover. Typically used to help pay off a repayment mortgage.
Pays out a fixed lump sum Yes – pays out a fixed lump sum after 12 months or on accidental death in the first year. Yes No - pays out a lump sum if you die during the term which decreases throughout the term of cover.
Pays out on terminal illness No Yes – it will pay out if you are diagnosed with a terminal illness with less than 12 months to live, provided this does not occur in the last 18 months of cover. Yes – it will pay out if you are diagnosed with a terminal illness with less than 12 months to live, provided this does not occur in the last 18 months of cover.

Maximum sum assured (based on individual circumstances)

Up to £21,960 (double for accidental death after the first 12 months) Up to £500,000 Up to £500,000

The quotes and services provided offer help and information, they do not offer advice. If you are in any doubt if this plan is suitable for your needs, speak to a financial adviser.

Look after your loved ones Apply today

Small print

Post Office Limited is an appointed representative of Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Bank of Ireland UK is a trading name of Bank of Ireland (UK) plc which is Registered in England and Wales (No. 7022885) Registered address Bow Bells House, 1 Bread Street, London, EC4M 9BE. Post Office is a registered trademark and Post Office logo is a trademark of Post Office Ltd. Post Office Ltd is registered in England and Wales. Registered No. 2154540. Registered Office: 148 Old Street, London, EC1V 9HQ. The Financial Conduct Authority register Number for Bank of Ireland UK is 512956. You can check this on the Financial Services Register by visiting the website www.fca.org.uk/register or by contacting the Financial Conduct Authority on 0800Calls to 0800 numbers are normally free from UK landlines but charges may apply from mobile phones. Calls may be monitored or recorded for training and compliance purposes. 111 6768. Local call rates apply.  Call costs may vary depending on your service provider.  Calls may be monitored or recorded for training and compliance purposes. 

Handy info

For more details about this policy, please read the documents below:

Ready to get cover?

Apply today

Get a quote Retrieve a quote

Can we help?

To get a quote or apply for cover over the phone call:

0800Calls to 0800 numbers are normally free from UK landlines but charges may apply from mobile phones. Calls may be monitored or recorded for training and compliance purposes. 096 5489

8am-8pm, Mon-Fri

9am-6pm, Sat

10am-4pm, Sun

For general enquiries:

0845Calls to 0845 numbers may be charged at up to 5p per minute from a fixed line and calls from mobiles can be considerably higher. Calls may be monitored or recorded for training and compliance purposes. 300 5841

8am-8pm, Mon-Fri

9am-6pm, Sat

Closed Sun and bank holidays

Make a claim:

0800Calls to 0800 numbers are normally free from UK landlines but charges may apply from mobile phones. Calls may be monitored or recorded for training and compliance purposes. 015 1142

8.30am-5.30pm, Mon-Fri

Closed Sat, Sun and bank holidays

Over 50?

See our over 50s life cover

Find out more