From just £5 a monthPremiums depend upon the amount, length, type of cover and your personal circumstances.To calculate the total premium that you could pay multiply the monthly premium by 12 and then by the number of years you would like the cover to run, e.g. £5.31 x 12 x 20 = £1,274.40. you can help look after your loved ones with a lump sum payout if you die or are diagnosed with a terminal illness.
- 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:
- How much?
We can provide life insurance for up to £500,000, and with premiums starting from just £5 a monthPremiums depend upon the amount, length, type of cover and your personal circumstances.To calculate the total premium that you could pay multiply the monthly premium by 12 and then by the number of years you would like the cover to run, e.g. £5.31 x 12 x 20 = £1,274.40., 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.
- 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.
- 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.
- 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.
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: Calls 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.