Is Post Office The Best Over 50 Life Insurance Policy?

antoine fruchard Antoine Fruchard  updated on July 29, 2020

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 CriteriaSafe RatingOur Review
Customer service satisfaction, claims and support

The over 50 life insurance plan is rated 5 stars on Defaqto
Support services like the Post Office Money Helping Hand service are available
In 2019, Post Office was voted the Best Online Life Insurance Provider by YourMoney.com
No chat bot or live chat option is available

Coverage options

Life insurance is provided for policyholders above the age of 50
Immediate cover is provided for accidental death
Cover of up to £10,000 is provided
In the case of an accidental death after a year of taking out an insurance policy, two times the payout sum is given to the family members of the policyholder
There is no need for medical examination or questioning to take out an insurance policy

Value for money

Cover can be gotten for as low as £7
Free cover is given to policyholders after their 90th birthday
Full cover is provided after 12 months
Post Office offers flexible and adjustable cover options

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
A Life insurance calculator is available on the website
Quotes can be gotten online
No option to fill out claims online
No chatbot

Safe rating for Post Office over 50 plan Life insurance

Expert and customer satisfaction reviews for Post Office

Review organisationConsumer satisfaction rates for Post Office over 50 Life insurance Plan
Defaqto5
Experts rating for Post Office

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. 

CriteriaPost Office details
Minimum age50 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.

Post Office life insurance in a nutshell

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 planDefinition Details
Fully insured Number of years paid to be fully insured

Full cover is provided after the first 12 months.

Funeral ExpenseThis 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 BenefitIf 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 coverThe cover is getting free at a certain age depending on insurance companies.  90 years
Post Office life insurance with free giftInsurance companies usually propose free welcome gifts when taking out over 50 life insurance.

Not stated

Post Office Over 50 life insurance features

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 paymentNot stated
Flexible paymentThere is the option to reduce life cover if the policyholder needs to lower his/her monthly premiums.
Monthly payment – Over 50 Post Office Life Insurance

How to contact Post Office life insurance?

Here are all the important phone numbers for contacting Post Office life insurance: 

ServicePhone NumbersOpening Hours 
Get a quote at Post Office0330 123 3919

Mon – Fri 8am – 7pm
Sat 9am – 5pm

How to claim at Post Office0345 266 1483

Mon – Fri 8am – 7pm
Sat 9am – 5pm

How to cancel at Post Office

0345 266 1484

Mon – Fri 8am – 7pm Sat 9am – 5pm

Post Office phone numbers

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,
United Kingdom

Social media 

Facebook, Twitter, YouTube

Chatbot

No

Post Office general contacts

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
PO Box 427
Royal London House
Alderley Road
Wilmslow
SK9 0FE

Claim by emailNot available
Claim online

Not available

Claim by phone

0345 266 1483

Claim at Post Office life insurance

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
  • If the insurance policy is cancelled within 30 days, the premium paid would be refunded fully
  • If the insurance policy is cancelled after 30 days, no refunds would be made
Cancel by mail

Customer Services
PO Box 427
Royal London House
Alderley Road
Wilmslow
SK9 0FE

Cancel by email

Not available

Cancel onlineNot available
Cancel by phone

0345 266 1484

How to cancel my Post Office life insurance?

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

Get a quote at Post Office

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.