The security of your information is extremely important to us! We are registered and comply with the Data Protection Act (1998) NO:Z2656971Post Office Life Insurance. Fact! If you don't compare them against the market now it could cost you £1000's. Compare the whole life insurance market.
Post Office Ltd is a wholly owned subsidiary of Royal Mail Group Ltd and is one of the most famous brands in the UK. They have been around for over 350 years and provide a huge range of products and services, largely out of the 12,000 branches found all around the UK. However they no longer only deals with letters and parcels, in fact they offer a vast range of financial products.
Their Life Insurance offer is provided by Aviva Life in conjunction with Pensions UK Limited. Largely due to the popularity of their Life Insurance offering has been used by thousands of people looking to protect their family and loved ones. One of the most important considerations when buying life insurance is ‘will the provider be around in the future to pay out?’, for this reason the partnership with a famous life insurance provider like Aviva is very important. However, Post Office Ltd is actually an appointed representative of the Bank of Ireland and not Aviva.
If you die or become seriously ill during your life, life insurance will be there to take care of your family financially so they are looked after at their time of need.
Post Office life insurance cover starts from as little as £5 a month, which is nothing in front of the safety and security of your family.
The best thing, the premiums will not be increasing at all and you can get cover up to £500,000. This way you can leave behind a lump sum amount if you die and your family will not need to worry about any financial crisis Types of life cover:
Level Term
Level term life insurance has a lump sum benefit that stays the same during the life of the policy. This is advertised as a flexible solution where you can pay off debts and maintain your loved ones’ lifestyle.
Decreasing Term
Decreasing term life insurance is more commonly known as mortgage protection life insurance as the lump sum benefit decreases or reduces over the term of the policy. The idea is that it amortises broadly in line with your mortgage or liability. Decreasing term cover is cheaper than level term because the benefit drops over the lifetime of the policy.
Always read the small print when taking out life insurance, as although they are known to be a highly reputable company, customers rarely change their policy after they have chosen one. In fact you can change your policy, but most do not. Therefore, make sure that a policy is suitable for your requirements as it will save pain later down the road.
Review
If you have experience of life insurance help other potential customers by completing a review on reviewcentre. There are very few reviews currently, however on the whole the Post Office is very highly thought of and has won many awards for customer service. Reveiws
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