Post Office Life Insurance
Choose between level, decreasing or increasing term insurance, each designed to offer you peace of mind based on your circumstances.
Post Office offer three types of term life insurance:
The right life insurance for you will depend on what you need cover for, how much you need and over what period. Use our life insurance calculator to find out how much cover you may need based on your circumstances.
To get a term life insurance policy, a number of factors will have to be considered to assess your situation and level of risk.
The most important factors will be:
Some of these are in order to judge how much of a risk you pose to the insurer. Smokers, for instance, are likely to attract higher premiums than non-smokers, and people with certain pre-existing medical conditions may find it hard to get covered. Similarly, certain professions (such as soldiers) are not covered by many ‘standard terms’ policies.
If you only want term life insurance to cover your outstanding mortgage repayments, then you won’t need to pay for a £500,000 cash lump sum as well. Therefore, decreasing term life cover might be an option to consider. It’s important to work out how much cover you would need to make sure your mortgage repayments are covered.