Post Office Money Life Insurance Review

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Our experts review costs, policy features, and customer feedback on Post Office Money's range of Life Insurance policies.

Post Office Money Life Insurance Review
Photo by Mick Haupt / Unsplash
Post Office Money offers insurance products to help protect your finances and your family.

In this guide:

The History of Post Office Money

Post Office Money is a financial services provider in the United Kingdom that offers a range of products including savings accounts, mortgages, insurance, and credit cards. It is a trading name of Bank of Ireland UK.

Post Office Money was launched in 2006 as a joint venture between the Post Office and Bank of Ireland. The aim was to provide banking and financial services to people who may not have access to traditional banks.

Post Office Money offers a range of products including savings accounts, mortgages, insurance, and credit cards. It also offers foreign exchange and money transfer services. Post Office Money has over 3,000 branches across the United Kingdom.

What Life Insurance policies does Post Office Money offer in the UK?

Post Office Money offers two types of Life Insurance in the United Kingdom: Term Life Insurance and Whole of Life Insurance.

  • Term Life Insurance is a type of Life Insurance that pays out a cash sum if you die during the term of the policy. The term is the length of time that the policy covers you for. Term Life Insurance from Post Office Money is available with terms of 10, 15, 20, or 25 years.
  • Whole of Life Insurance is a type of Life Insurance that pays out a cash sum when you die. Whole of Life Insurance from Post Office Money is available with terms of 10, 15, 20, or 25 years.

How much does Life Insurance from Post Office Money cost at different ages?

The cost of Life Insurance from Post Office Money depends on a number of factors including your age, the type of policy you choose, the term of the policy, and the amount of cover you need.

What do customers say about Life Insurance from Post Office Money?

The majority of customers who have left reviews for Post Office Money Life Insurance are happy with the service they have received. Customers appreciate the convenience of being able to apply for Life Insurance online and the competitive prices that are available.

The pros and cons of Post Office Money Life Insurance

The pros of Post Office Money Life Insurance include:

  • The ability to apply for Life Insurance online
  • Competitive prices
  • A range of policy options

The cons of Post Office Money Life Insurance include:

  • Some customers have found the claims process to be slow and difficult

Claiming from Post Office Money

In the UK, life insurance claims are paid out in 97% of cases.

If you need to make a claim on your Life Insurance policy from Post Office Money, you should contact the company as soon as possible. You will need to provide proof of death, such as a death certificate, and evidence of the policy, such as the policy document. The company will then assess your claim and decide whether or not to pay out.

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"I am so relieved that I bought Life Insurance from Post Office Money. It has given me peace of mind knowing that my family will be taken care of financially if something happens to me."