Post Office Over 50 Life Insurance

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Post Office Over 50 Life Insurance

The Post Office have become one of the largest providers of Over 50’s Life Cover in the UK. If you want an affordable and easy way to leave a cash lump sum for your family and loved ones when you die then you should consider taking out one of their policies. Acceptance is guaranteed for all UK residents aged between 50 and 80.

The plans are underwritten by Aviva who are one of the most respected insurance underwriters; this is very important as you need to have confidence the company will be around to pay out on the policy in the future. You know that you’re in safe hands.

About the company

There are some financial companies in the world, which has garnered immense popularity, and the Post Office Ltd is among one of them. The huge company is basically a subsidiary of the larger Royal Mail Group. It is a wholly owned subsidiary, which was founded in the year 1986. The headquarters of the company is based in 80-86 Old Street, London. Since its inception, it has been among the most popular insurance providers and is a name that people trust. But, it is not just the field of insurance where the company has proved its expertise.

They are most famous for offering their Postal services but also offer Banking services, Telephony, Savings products, Bill payments, Government services, and many more services. The company has more than 170 products and services to offer after significant expansion over the last 20 years. It boasts of more than 21.2 million customers in a single week!

History of the company

The Post Office dates all the way back to 1635 when Charles I created a private mailing service for the population. Over time, the company grew exponentially and added various services and products to its list. Initially, it was started for the delivery of mail, but, soon it stretched its wings into pensions and various financial transactions. In 1986, Post office Counters Ltd was detached from the Royal Mail. At that time, the name of the company was given the name of Post Office Counters Ltd. And, in 2001, the name was changed to Post Office Limited. Currently, there are more than 12,000 active branches in the UK, and most of the branches are under a franchisee basis. Among the 12,000 branches, 373 branches are directly controlled by Post Office Ltd. David Smith is the current Managing Director of Post Office Ltd.

Other types of life insurance they sell

Apart from over 50s life insurance, you can also take out numerous insurance packages from Post Office Ltd. But, if you are looking for a life insurance package, then you can go for the simple Life Insurance, which provides cover up to £500,000. In this package, you get the certainty of fixed payments. And, you can also opt for the level or decreasing benefit options if you are looking to protect your family or simply future mortgage repayments.

Review of The Post Office’s Over 50’s Life Insurance

The life insurance company has been immensely successful in providing satisfaction among its huge base of customers, and is a brand that people love all across Britain. This has been proved by the extremely positive reviews and customers that would not go anywhere else. If you do have experience of their over 50 life insurance please take the time to leave a review and help other potential customers.

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