Over 50s Life Cover

Peace of mind from just £7 a month - that’s just 24p a day.Get £50 worth of Argos Gift Cards* when you apply by 8 June 2018 (T&Cs apply).

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Leave more than just memories

Post Office Money Over 50s Life Cover is a simple way to leave your loved ones a cash sum when you die – as a gift, to settle unpaid bills or help pay for your funeral.

If you’re aged 50 to 80 and a UK resident, you can get cover in place right away. Just choose how much you want to pay each month, from £7 to £100, and leave behind up to £10,000 when you pass away.

The more you pay each month, the bigger the cash sum your family will get.

With Post Office Money Over 50s Life Cover:

  • Pay from only £7 a month – that’s just 24p a day
  • There's no medical – we'll accept you if you're a UK resident aged 50 to 80
  • Reduce your cover to bring your payments down if needed
  • **Get immediate cover for accidental death and full cover after just one year
  • Add Funeral Benefit Option and get an extra £300 towards your funeral costs 
  • Post Office Money Over 50s Life Cover has a Defaqto 5 Star Rating

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 

 

Over 50s Life Cover Calculator

How old are you?

Please tell us how old you are, you must be between 50 and 80 years old to buy this cover. If you are under 50 our Life Insurance will provide the cover you need Click Here

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You must be aged 50 to 80 to apply

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Did you know?

The average cost of a funeral in 2017 has been estimated at  £3,784.

Get £50 worth of Argos Gift Cards* when you apply for Over 50s Life Cover by 8 June 2018

More ways to get covered

Life Insurance

Get your family, home and income covered financially. 

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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

Some common questions

How long will it cover me for?

Your Post Office Money Over 50s Life Cover policy continues for the rest of your life.

You just need to keep making monthly payments until whichever of these happens soonest:

  • The policy anniversary date on or after your 90th birthday
  • 30 years from the start of your policy
  • You pass away

 

How much cover can I have?

You can apply for a maximum cash sum of £10,000 or pay a maximum of £100 per month, whichever is lower.

You can have more than one Post Office Money Over 50s Life Cover policy but the total amount of cover across all of these policies can't be more than the maximum cash sum and maximum payment amount limits. 

If an application takes you above these limits, we'll reduce the cash sum of your most recent policy, or cancel it, to ensure the maximum limits aren't exceeded. We'll write to you to confirm we've done this.

How long will I make payments for?

With Post Office Money Over 50s Life Cover it's a fixed payment term. You pay for a maximum of 30 years, or to the policy anniversary date after you turn 90, or until you pass away – whichever comes first.

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.

Still have questions about life cover? Visit our help page

Things you need to know

† Source: The Royal London National Funeral Cost Index Report, 2017.

Depending on how long you live, you could pay more in monthly payments than the cash sum we pay out when you die. The cash sum you choose is fixed and inflation (the rising cost of goods and services) will reduce its value over time.

**We only pay out on death. There is no cash-in value at any time. If you die from natural causes in the first 12 months, we will pay one and a half times the payments you have paid. If you die from natural causes after 12 months we will pay the full cash sum. If you die from an accident in the first 12 months (please refer to the Post Office Money Over 50s Life Cover Terms and Conditions for an explanation of accidental death), we will pay the full cash sum. If you die as a result of an accident after the first 12 months, we will pay two times the cash sum.

We will stop collecting payments after a maximum of 30 years, or on the policy anniversary date after you reach age 90 or when you die, whichever is sooner. If you stop making your payments your cover will end and you’ll get nothing back. We can tell you about our cover but cannot advise if it is right for you. If you are not sure if it is right for you, please ask your financial advisor, or visit unbiased.co.uk to find one who could help.

Click here  to read the Terms and Conditions. If you apply for cover, you will also receive them with your policy documents.

Post Office Money Over 50s Life Cover is provided by The Royal London Mutual Insurance Society Limited. The Funeral Benefit Option is not regulated by the Prudential Regulation Authority or the Financial Conduct Authority.

^This service is provided by RedArc and is not part of the product contract and can be withdrawn at any time. RedArc Ltd is an independent care advisory service and is not regulated by the Financial Conduct Authority.  

*Terms and Conditions

Argos 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 £50 worth of Argos Gift Cards (the 'Offer') as a ‘thank you’ when you buy a Post Office Money® Over 50s Life Cover policy between 1 May 2018 and 8 June 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 Argos Gift Cards 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 50 and 80 (inclusive) for Post Office Money® Over 50s Life Cover. 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® Over 50s Life Cover 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 Over 50s Life Cover 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.

13.   Argos Gift Cards are subject to Argos Ltd Terms & Conditions which can be found at argos.co.uk/help/terms-and-conditions/

If you buy a Post Office Money® Over 50s 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 Services Limited. If you buy the product by post or online, it has been arranged and sold by The Royal London Mutual Insurance Society Limited following an introduction by Post Office Limited and Post Office Management Services Limited.

Post Office Limited is an appointed representative of Post Office Management Services Limited which is authorised and regulated by the Financial Conduct Authority, FRN 630318. Registered in England and Wales. Registered numbers 2154540 and 08459718 respectively. Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ.Post Office Money and the Post Office Money logo are registered trademarks of Post Office Limited. 

Post Office Money® Over 50’s Life Cover is provided and administered by The Royal London Mutual Insurance Society Limited, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, FRN 117672. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL .These details can be checked on the Financial Conduct Authority website.

Post Office and Royal London are not part of the same corporate group.
 

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