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The Post Office offers a simple and affordable way to look after your loved ones when you have gone with
the Post Office Over 50’s Life Cover.
You can choose to pay from £7 per month (maximum £50 per month) and then when you die you will
receive a fixed lump sum subject to your death not occuring in the first 12 months. If you die in the first 12 months the
Post Office will refund all the premiums you have made.
Acceptance is guaranteed if you are aged between 50 and 80 years of age and there are no medical examinations
or health questions asked.
As this is a life policy the plan has no cash in value so if you cancel the policy before your death you
will not get a lump sum or your premiums back and depending on how long your post office over 50s life insurance plan lasts
for you might pay in more than you get back.
Once you have chosen your premium this is fixed for the duration of the policy.
If you are aged
50-64 you will pay premiums for 20 years, 65-75 you will pay premiums until the plan anniversary following your 85th
birthday and if you are 76 and over you will pay premiums for 10 years.
Your Life insurance cover amount will
depend on your age, sex and the monthly premium you choose to pay.
Other popular plans for the over 50's include
LV and Sun Life Direct.
The
Post Office is an appointed representative of Bank of Ireland (UK) plc.
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