Life Cover Over 50s

Over 50s Life Cover

Put plans in place now to help pay for your funeral, or leave a gift when you're gone.

Talk to Post Office Money® for affordable peace of mind.


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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


You must be aged 50 to 80 to apply


Question 1 of 2

Did you know?

The average cost of a funeral in 2018 has been estimated at  £3,757.

Get £50 worth of Argos Gift Cards* apply by 30 November 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.

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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 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.  

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