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Life Insurance

Whether you’re looking to cover the family mortgage or provide for your loved ones when you're gone, Post Office Money® Life Insurance helps protect their future. 


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Protect what matters to you most

We know you'd rather not think of the time when you're no longer around. But it's important to protect the things that really matter – like your loved ones, home and lifestyle – in case the unexpected happens.

Life insurance can give you that reassurance. It's quick and easy to set up. And it needn't be expensive.

Just pay a little each month, and your family will get a cash pay-out if you die during the term of the policy. Or you'll get it early to help remove financial worries if you're diagnosed with a terminal illness, as defined in the Terms and Conditions. 

Why choose Post Office Money Life Insurance?

Our life cover makes it easy to prepare for the unexpected now:

  • You can pay from just £7 per month or pay more and get up to £500,000 of cover*
  • Choose Level, Decreasing or Increasing Cover to suit your lifestyle and budget
  • We include terminal illness cover free and pay out early if you're diagnosed with a terminal illness that meets our definition
  • Pay more each month to add Critical Illness Benefit to your policy - an extra cash sum equivalent to 25% of your life cover cash sum if you're diagnosed, during the term of your policy, with one of the three critical illnesses covered that meets our definition
  • We'll only ask you questions essential for your quote, for an instant decision

Plus, if you're covered, we'll help make it easy on your family when that difficult time comes time, with a simple and understanding claims process and bereavement support at no extra cost.**

Critical Illness Benefit

Could you keep paying the bills if you were diagnosed with a critical illness? Our Critical Illness Benefit could help ease the financial burden on you and your loved ones at a difficult time, when you may not be able to work. Pay more each month and get an extra cash sum of 25% of your life cover cash sum if you're diagnosed with one of three critical illnesses covered that meets our definition.

Find out more

Get the right cover for your needs

Post Office Money offers three types of Life Insurance:

Level Cover

Pay a fixed amount each month. Level cover offers a fixed cash sum of up to a maximum of £500,000.

This type of life insurance could be used to provide a cash sum for your family or to help cover a mortgage, such as an interest only mortgage.

Decreasing Cover

The monthly payments and the cash sum paid out reduce over time from a maximum cash sum of £500,00.

This money could help cover debts that decrease over time such as loans, credit card bills or a repayment mortgage, as long as the interest rate isn't more than 7%.

Increasing Cover

The cash sum paid out increases by 3% each year to offset the effects of inflation. As your cover increases, so do your monthly payments

Increasing cover could help protect the cash sum your loved ones will receive against the effect of inflation.

The right life insurance for you will depend on what you need cover for, how much you need and over what period. We've compared our cover types in more detail so you can see which best suits you.

How much life insurance do I need?

What is your monthly income after tax?


Question 1 of 6

Question 1 of 6

A Post Office Money Helping Hand in the hardest times

Dealing with a bereavement is tough. So Post Office Money Life Insurance offers Post Office Money Helping Hand: one-to-one long term support from a dedicated personal nurse for your family if you die at no extra cost. We're also there for you if you lose someone yourself or are diagnosed with a serious illness. If it’s beneficial, a course of assessed therapy or counselling can also be provided.

This service, provided by RedArc, is not part of the product contract and can be withdrawn at any time.

Choosing the right cover

Before choosing any product, please read all information, in particular the Policy Summary and Terms and Conditions and Critical Illness definitions. You may wish to get some financial advice if you're still unsure, you can find out more details at unbiased.

Protect what matters in minutes, like your loved ones and lifestyle, in case the unexpected happens.

Did you know?

Average household spending in 2016 was £529 a week, or over £27,000 a year.

More ways to get covered

Post Office Money Free Parent Life Cover

Parents with children under 4 years old can take advantage of our free life cover for 1 year.

Find out more

Post Office Money Over 50s Life Cover

Get help towards the cost of your funeral or leave a gift when you're gone.

Find out more


Some common questions

How long do I pay my monthly payments for?

Your monthly payments will continue until the earliest of these:

  • The end of the term of your policy
  • Your death
  • Our acceptance of your diagnosis of a terminal illness

If you make a claim after being diagnosed with a terminal illness, please don't stop paying your monthly payments until we've confirmed your terminal illness meets our definition, as per the Terms and Conditions. 


When will my policy pay out?

A cash sum payment will be made if you die within the term of the policy. We'll pay it out early if you're diagnosed with a terminal illness that meets the definition (as per the Terms and Conditions) with a life expectancy of less than 18 months. We only pay out for terminal illness once, and the policy will end once we do.

The policy is not guaranteed to pay off your loan or mortgage (if this is the purpose of the policy).

The policy has no cash in value. The policy ends if you stop making monthly payments during the payment term. Your cash sum is dependent on your age and your chosen monthly payment amount.

When you apply it is important that you answer our application questions honestly and accurately, as proving incorrect answers could mean that a claim is not paid.

I don't have a mortgage. Why do I need life insurance?

Even if you don't have a mortgage, life insurance could help your family cover the cost of everyday living and maintain their lifestyle. Things like rent, private or university education costs, birthdays, weddings. Even domestic tasks if whoever's left behind works and has to pay someone to do them after you're gone.

How does someone claim on my policy?

Losing a loved one is a difficult time. The last thing those you leave behind need is a drawn out claims process. When the time comes, we'll make it easy for your personal representatives to claim the cash sum from your policy.

If you've recently lost someone and need to claim, you can find all of the information you need here.


What is Critical Illness Benefit?

It pays a cash sum if you suffer from heart attacks, strokes (depending on the severity) or certain types of cancers that meet our definition, during the term of your Life Insurance policy.

At such a difficult time, it can ease financial pressures on you, your family or your partner – like helping pay for a mortgage, rent, everyday living costs, even modifications needed to your home as a result of your illness.

Find out more about our Critical Illness Benefit


Still have questions about life insurance? Visit our help page

Things you need to know

*Monthly payments depend on the amount, length, type of cover and your personal circumstances.

† Source: Office for National Statistics, Family Spending Report, 2016.

Post Office Money Life Insurance is provided by The Royal London Mutual Insurance Society Limited. 

Post Office Money Life Insurance offers up to £500,000 cover for customers who are UK residents aged 18-70 at the start of the policy. The minimum term is 5 years and cover must end before your 81st birthday.

We won’t pay a claim on death if it was as a result of suicide or intentional self-inflicted injury within 12 months of the start date of your policy.

Critical Illness Benefit can pay an extra cash sum if you are diagnosed, during the term of your policy, with one of the three critical illnesses covered that meets our definition  and then survive for at least 10 days after. 

We won’t pay a claim on terminal illness if you don’t meet our definition  of terminal illness; or terminal illness is caused by intentional self-inflicted injury within 12 months of the start date of your policy. The full definition of terminal illness can be found in the Terms and Conditions.

We won’t pay a claim if you don’t keep your payments up to date as you will no longer be covered under the policy. If you don’t tell us something or give us incorrect answers to our application questions that affects your cover we may reduce the amount we pay for a claim or at worst cancel your cover and not refund your monthly payments. If you’re a UK resident aged between 18 and 70, excluding members of the Armed Forces, Army Reserve (previously known as the TA) or Reservists, you can apply. Please see Terms and Conditions for further details about the restrictions that apply.



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