Is Post Office The Best Over 50 Life Insurance Policy?
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Discover the methodology
This is the ultimate review to guide you through the ins and outs of Post Office over 50 insurance. You might already know that Post Office has several different contract options.
Some are great. Some are less useful. Some are simply too expensive.
So, if you want to get better value for money from your Post Office over 50 plan, as well as indicative quotes and tips to lower your insurance premium, then you’ll probably love the following article.
Let’s dive right in!
Is Post Office over 50 plan the best life insurance?
When taking out life insurance, there are so many things to think about. Life insurance is one of the most important insurance plans to have, as it is the best way to protect your loved ones if something happens to you.
Post Office life insurance has a lot to offer. Here are the main points that you should look at before taking out life insurance with Post Office.
4 Safe overall rating for Post Office life insurance
| Rating Criteria | Safe Rating | Our Review |
|---|---|---|
| Customer service satisfaction, claims and support |
The over 50 life insurance plan is rated 5 stars on Defaqto | |
| Coverage options |
Life insurance is provided for policyholders above the age of 50 | |
| Value for money |
Cover can be gotten for as low as £7 | |
| Financial strength | Post Office is a widely trusted brand and its policies are underwritten The Royal London Mutual Insurance Society Limited. If you purchased the policy before the 31st of January 2017, the underwriter will be Aviva Life & Pensions UK Ltd. | |
| Apps and technologies |
Adequate information is provided on the website |
Finally compare best life insurance in a few seconds, anonymously.
Expert and customer satisfaction reviews for Post Office
| Review organisation | Consumer satisfaction rates for Post Office over 50 Life insurance Plan |
|---|---|
| Defaqto | 5 |
Post Office insurance in a nutshell
In summary, here are the main features you need to know when taking out life insurance with Post Office.
| Criteria | Post Office details |
|---|---|
| Minimum age | 50 years |
| Maximum age | 80 years |
| Pay-out | Average of £10,000. |
| Extras | Post Office Money Helping Hand Service which includes the RedArc service that allows policyholders gain access to a nurse. |
How does Post Office over 50s life insurance work?
Post Office over 50 life insurance is a whole-of-life insurance policy. The idea is to pay your life insurance with monthly installments. The day you pass away, it pays out a lump sum to pay different expenses, such as your funeral. You can also leave a sum of money to your loved ones.
What cover Post Office over 50s life insurance?
Your loved ones will receive a cash sum that can help towards:
- Funeral expenses
- A gift to loved-ones
- Unpaid bills, mortgages
Here are the main features proposed by Post Office over 50 insurance:
| Features proposed by Post Office over 50 plan | Definition | Details |
|---|---|---|
| Fully insured | Number of years paid to be fully insured | Full cover is provided after the first 12 months. |
| Funeral Expense | This is a free service. It means that the money will go directly to a funeral director and will serve to pay for the funeral. | £300 |
| Accidental Benefit | If an accident happens within the first year or second year (if it is two years before you get totally covered), your relatives will receive the cash sum. | The full cash sum is given in the case that the policyholder dies as a result of an accident within the first year. After the first 12 months, double the cash sum is given in the case that the policyholder dies as a result of an accident. |
| Free cover | The cover is getting free at a certain age depending on insurance companies. | 90 years |
| Post Office life insurance with free gift | Insurance companies usually propose free welcome gifts when taking out over 50 life insurance. | Not stated |
How much is Post Office insurance?
How much you will pay for Post Office life insurance for over 50 depends on a lot of factors:
- Your age
- How much cover your want
- Some insurers will ask if you are a smoker or not.
Here is a table that recapitulates over 50 Post Office plan.
| Details | |
|---|---|
| Min payment | £7 |
| Max payment | Not stated |
| Flexible payment | There is the option to reduce life cover if the policyholder needs to lower his/her monthly premiums. |
Finally compare best life insurance in a few seconds, anonymously.
How to contact Post Office life insurance?
Here are all the important phone numbers for contacting Post Office life insurance:
| Service | Phone Numbers | Opening Hours |
|---|---|---|
| Get a quote at Post Office | 0330 123 3919 | Mon – Fri 8am - 7pm |
| How to claim at Post Office | 0345 266 1483 | Mon – Fri 8am - 7pm |
| How to cancel at Post Office | 0345 266 1484 | Mon – Fri 8am - 7pm Sat 9am - 5pm |
What are Post Office general contact details?
You will find in this table all the general contacts that you would need if you want to reach Post Office life insurance:
| General contacts | |
|---|---|
| Mailing address | London, |
| Social media | Facebook, Twitter, YouTube |
| Chatbot | No |
How to claim at Post Office life insurance?
You will find on this table the different possibilities for reporting a claim on your Post Office life insurance:
| How to claim on your life insurance at Post Office? | |
|---|---|
| When to claim? | As soon as possible |
| Claim by mail | Customer Services |
| Claim by email | Not available |
| Claim online | Not available |
| Claim by phone | 0345 266 1483 |
How to cancel my Post Office life insurance?
You will find on this table the different ways to cancel your Post Office life insurance:
| How to cancel your life insurance at Post Office | |
|---|---|
| Fees |
|
| Cancel by mail | Customer Services |
| Cancel by email | Not available |
| Cancel online | Not available |
| Cancel by phone | 0345 266 1484 |
How do I get Post Office life insurance quotes?
Here are the different ways to get a life insurance quote at Post Office:
| How to get a life insurance quote at Post Office | |
|---|---|
| Quote online | On the Home Page, Click on the "Get a quote" option |
| Quote phone | 0330 123 3919 |
How do I log into Post Office life insurance?
Click on the "Account login" option on the Home Page
Do we recommend Post Office life insurance?
Post Office over 50 life insurance is an affordable insurance plan provided by Royal London; one of the UK's largest and best-known insurance companies with over 370 years of service in the UK and more than 11,500 branches nationwide. The Post Office over 50 plan guarantees acceptance regardless of any medical concerns with full life cover provided after just 12 months, provides Accidental Death Benefits, Funeral Benefits, Support Services like RedArc which gives policyholders access to medical personnels. They offer flexibility in terms of monthly premium payments and are known to be reliable; as such, their services are recommended.
