Cover starts at £7 a month - that's only 24p a day. If you sign up by 30 April 2018 we'll send you a £50 One4all gift card*(T&Cs apply) as a thank you.
Get a quoteWe 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 insurance makes it easy to prepare for the unexpected now:
Plus, once you’re covered, you’ll have access to the Post Office Money Helping Hand Service^ at no extra cost. This is a one-to-one long term support from a dedicated personal nurse for your family if you die. 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 when that difficult time comes, with a simple and understanding claims process and bereavement support at no extra cost. Get a quote today
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.
Post Office Money offers three types of Life Insurance:
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.
The cash sum paid out reduce over time from a maximum cash sum of £500,000.
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%.
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?
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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.
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.
Average household spending in 2016 was £529 a week, or over £27,000 a year.†
Parents with children under 4 years old can take advantage of our free life cover for 1 year.
Get help towards the cost of your funeral or leave a gift when you're gone.
Your monthly payments will continue until the earliest of these:
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.
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.
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.
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
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.
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.
^ This service is provided by RedArc and is not part of the product contract and can be withdrawn at any time.
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.
£50 Gift Card Promotion Terms and Conditions**
1. Participation in this promotion is deemed acceptance of these Terms and Conditions.
2. This Offer entitles you to a £50 One4all gift card (the 'Offer') as a ‘thank you’ when you buy
Post Office Money Life Insurance policy between 8 January 2018 and 30 April 2018.
3. You must retain the policy for at least the 90 day qualifying period, and make at least 3 monthly direct debit payments to be eligible for the Offer. The One4all gift card will be sent to eligible customers within 28 days after the end of the 90 day qualifying period, as long as the policy is still active and a minimum of 3 monthly payments have been paid.
4. If you decide to cancel your cover within the first 30 days of the commencement date of the
policy you will be refunded the monthly payments you have paid in full but will not be eligible
for the Offer. If you decide to cancel after the first 30 days but before the end of the 90 day
qualifying period, you will not be refunded monthly payments already made or be eligible for
the Offer.
5. The Offer is open to anyone who is a permanent UK resident aged between 18 and 70
(inclusive) for Post Office Money Life Insurance. This Offer does not apply to Post Office
Limited employees, Post Office Management Services employees, or Post Office
Sub-postmasters and their employees who work in Post Office branches.
6. Please note it is not possible to cover more than one person on an individual policy; however,
couples wishing to take out Post Office Money Life Insurance may apply for separate policies,
in which case each policy may be separately eligible for the Offer.
7. The Offer cannot be used in conjunction with any other promotion or offer.
8. This Offer is applicable to applications for Post Office Money Life Insurance made online,
by phone or in branch via paper application. If any application cannot be completed in branch,
the customer is referred by a Post Office branch employee to the Post Office Money Life
Contact Centre to complete the application.
9. The Offer is not transferable or exchangeable.
10. The Offer can only be used once per person.
11. Post Office Money reserves the right to withdraw the Offer without notice at any time.
12. The promoter of this offer is Post Office Management Services.
If you buy a Post Office Money Life Insurance product in a Post Office branch or over the
telephone, it has been arranged and sold by Post Office Limited and Post Office Management
One4all Gift Card is provided by GVS Prepaid Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (register reference 900230) for the issuing of electronic money.
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09.00 - 17.00 Saturday
Get help with an existing Post Office Money life insurance policy, or find out how to make a claim.
