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:
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:
The insurer will use these factors to judge how likely it is that a claim will be made during the term of your policy. 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, then you may not want to pay for a policy which provides a level lump sum as well. It's important to think about how long is left on your mortgage/loan and the % interest rate which applies.