Things you need to know

• 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 during the second year of the policy (i.e. from the 1st policy anniversary to the day before the second policy anniversary), we will pay the lower of: £5,000 or the full cash sum. If you die from natural causes after the second year of the policy (i.e. on or after the second policy anniversary), 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.
  If you die from suicide in the first 12 months, we will pay an amount equivalent to the total monthly payments you have paid. If you die from suicide during the second year of the policy (i.e. from the 1st policy anniversary to the day before the second policy anniversary), we will pay the lower of: £5,000 or the full cash sum. If you die from suicide after the second year of the policy (i.e. on or after the second policy anniversary), we will pay the full cash sum.
• We will stop collecting payments 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 if you would like to read the Post Office Over 50s Life Insurance Terms and Conditions. If you apply for cover, you will also receive them with your policy documents.
• Funeral Benefit Option is available to UK residents excluding Northern Ireland. The Funeral Benefit Option is not regulated by the Prudential Regulation Authority or Financial Conduct Authority.
• *** Depending on the type of funeral plan chosen with Co-op Funeralcare, applicable discounts available are: £250 for Tailored funerals, £100 for Essential funerals and £50 for Direct to Cremation funerals.
• ^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.
• Post Office Money Over 50s Life Cover is provided by The Royal London Mutual Insurance Society Limited.
• ^^In the last 13 consecutive annual YourMoney.com Awards, Post Office has won at least one of: Best Online Life Insurance Provider, Best Direct Life Insurance Provider or Best Life Insurance Provider. On each occasion, we were shortlisted for our product features and price, before being judged by a panel of readers on the quality of service provided. There was no Awards in 2020.

If you buy a Post Office Money® Over 50s Life Insurance product in a Post Office branch, by post or over the telephone, it is arranged and sold by Post Office Limited and Post Office Management Services Limited. If you buy the product online, it is arranged and sold by The Royal London Mutual Insurance Society Limited following an introduction by Post Office Limited and Post Office Management Services Limited. If you buy the product by an appointed or delegated aggregator, it is arranged and sold by the aggregator.

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, Post Office and the Post Office logo are registered trademarks of Post Office Limited.

Post Office Money® Over 50s Life Insurance 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 Services Register by visiting the Financial Conduct Authority website and searching by Firm Reference Number (FRN).

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