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Post Office launches over 50s life cover

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The Post Office has announced its launch into the life market with its new Over 50s Life Cover plan. With the Over 50s plan 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. The three quotation questions are 1. Date of Birth; 2. Choice of premium payable; 3. Gender.

Customers can choose how much cover they want with premiums starting at £7 a month up to a maximum of £50. And the full sum assured payout is available after 12 months.

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

To apply customers simply need to visit any of the Post Office's 14,000 branches.

17 September 2007 © Moneyextra.com

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