Post Office launches over 50s life cover

The Post Office announces its launch into the life market with its new Over 50s Life Cover, available now.

The over 50s plan builds on the Post Office®’s existing range of financial services and offers affordable and comprehensive peace of mind to people who want to avoid passing on funeral costs or outstanding debts to their family.

Acceptance is guaranteed for everyone that applies. Only three simple questions need to be answered to receive a quote, with no medical questions or checks needed.

Customers can choose how much cover they want with premiums starting at just £7 a month up to a maximum of GBP 50. Post Office® Over 50s Life Cover offers higher sums assured than the leading products currently on the market and will pay out the full sum assured after just 12 months (see comparison tables below).

And customers can choose a free gift – a Freeview box, digital camera or box of wine – after their third monthly payment has been collected.

Post Office director of insurance Phil Ashkuri said: “This is the first of a suite of products the Post Office is launching into the life market. Our Over 50s cover is easy to understand and apply for, with guaranteed acceptance. We also offer our customers more comprehensive cover than some of the leading plans on the market by paying out the full sum assured after just 12 months.”