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Protect your family

Life shouldn't stop for your loved ones if the unexpected happens to you. Let's make sure they'll be financially secure if the worst happens.

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Affordable peace of mind

Our life insurance can help protect your family's future and lifestyle if you pass away. Pay as little as £7 each month and they can get a cash sum when you're gone.

Our life insurance gives you reassurance for life's biggest chapters. Moments like buying a home, starting a family and watching your children go to university. It can help cover the costs if you're no longer around.

Whatever you need, it's easy to get the right cover and costs less than you may think.


With Post Office Money Life Insurance: 

  • You can pay from just £7 per month or pay more and get up to £500,000 of cover*
  • Pay more each month to add Critical Illness Cover to your policy – an extra cash sum equivalent to 25% of your life cover cash sum if you're diagnosed, during the term of your policy, with one of the three critical illnesses covered that meets our definition
  • We'll only ask you questions essential for your quote, for an instant decision

Plus, if you’re covered, we'll help make it easy on your family when that difficult time comes time, with a simple and understanding claims process and bereavement support at no extra cost.**

How much cover do you need?

That depends on who you want to protect, for what and for how long. 

You may want to give your partner a cash sum after you're gone. Or look after your children until they're old enough to look after themselves. That could be 18, 21 or older – and can cost tens of thousands of pounds (CPAG, Cost of a Child Report, 2020). Updated version of this report is available at There are three types of cover to choose from that support different needs.

We'll help you take all of this into account when planning your cover. 


How much life insurance do I need?

What is your monthly income after tax?


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Question 1 of 6

Get the right cover for your family

Choose from three different Life Insurance policies to give your family the protection they need:

  • Decreasing Cover – the cash sum reduces each month, in line with how the balance decreases of a loan or a capital and interest repayment mortgage with an interest rate of 7%.
  • Level Cover – pays out a fixed sum if you die during the term of the policy
  • Increasing Cover – what you pay and the cash sum increase each year to reduce the impact of inflation 

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Help protect your family’s needs with Critical Illness Cover

Would your family be financially secure if you suffered a critical illness? Our Critical Illness Cover 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.

Find out more

Protect what matters in minutes, like your loved ones and lifestyle, in case the unexpected happens.

Did you know?

University fees in England could cost up to £9,250 a year.

Don’t forget inflation

When you take out life insurance, remember that the amount it pays out isn't index linked. So it won't rise with inflation and the absolute value could go down. £100,000 today won't be worth £100,000 in 20 years’ time. The Bank of England has a handy tool that shows the impact of inflation over time.

Some common questions

What is life insurance?

It's a way to give you some reassurance and your loved ones some extra financial security if you die. It can also provide some financial comfort at a difficult time if you're diagnosed with a terminal illness that meets our definition as per the Terms and Conditions.

It's not all that different from other types of insurance. If you insure a car or a house, you pay an agreed amount or 'premium' each month. The insurance company pays if it gets stolen, damaged or destroyed. 

With life insurance, the insurer pays out if you die within the term of the policy. You won’t be around to receive the money yourself, but you'll be able to leave it to your family or loved ones. 

It also includes a terminal illness benefit. So, if you're diagnosed with a terminal illness, that meets the definition, we'll pay the sum assured early, which could remove financial worries at a difficult time.


How does Post Office Money Life Insurance work?

Post Office Money Life Insurance is a life assurance policy that pays an amount of money (cash sum) if, during your chosen policy term, you die or are diagnosed with a terminal illness that meets the definition, as per the Terms and Conditions. 

If we pay your cash sum your policy will end. If you're still alive at the end of your policy term and haven't been diagnosed with a terminal illness, your policy will end and you won't receive a pay-out.


How much cover do you need?

We can provide life insurance for up to £500,000, and monthly payments start from just £7 a month. You just need to decide how much cover you want or can afford each month. 

Do some calculations or get someone to help you. If you have a mortgage, think about what's left to pay. Then consider all the day-to-day living costs and other one-off costs your family might face over the time period they'd normally depend on you for.

Be realistic. Include rent, utility bills, education costs, birthdays, weddings and holidays. These costs can add up. 

The Money Advice Service has lots of calculator tools that can help.


I don't have a mortgage. Why do I need life insurance?

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.

What is Critical Illness Cover?

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 Cover


Still have questions about life insurance? Visit our help page

Things you need to know

* Monthly payments depend on the amount, length and type of cover, options selected and your personal circumstances.

** This service is not part of the Post Office Money Life Insurance contract and can be withdrawn at any time.

† Source:

^^In the last 13 consecutive annual 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.

Post Office Money Life Insurance is provided by The Royal London Mutual Insurance Society Limited. 

Cover is subject to acceptance and is not guaranteed.

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.

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.

Critical Illness Cover is an additional option that can be added to Post Office Money Life Insurance, and Post Office Money Life Insurance Terms and Conditions apply. Find out more  

Critical Illness Cover 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.

If your Post Office Money Life Insurance policy ends, your Critical Illness Cover ends and you cannot make a claim.

If you’re choosing to add Critical Illness Cover to meet a specific financial commitment, you need to be comfortable that the extra cash sum will meet that need.  We cannot provide you financial advice, but you can find a financial advisor at

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 an incorrect answer to our application questions which 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.

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