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Post Office Endowment Life Insurance
An endowment policy is a life insurance agreement designed to pay a lump sum after a specified term, on its 'maturity' or on death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Financial security to your family when you’re gone is an utmost concern by majority of us. If you want to leave your family a cash sum when you die then you should consider buying out this type of policy.
Post Office Ltd is a solely owned subsidiary of Royal Mail Group with a history that dates back to 1635 when Charles 1 opened up his private mail service to the general public. The Post Office network is the UK’s biggest retailer, with a nationwide network of Post Office branches across the country. Post Office branches were established originally for the acceptance of mail, but their use expanded to include the payment of pensions and other financial transactions.
The company now offers more than 170 different products and services, including telephony, financial services, bill payment, banking and travel related products. Post Office Ltd is now the largest provider of foreign currency in the UK and the leading independent provider of travel insurance. Post Office services are also provided online and by phone aside from face to face serving over 21.2 million customers a week who make 31 million visits and approximately 47 million transactions. An estimated 92% of the UK adult population visits a Post Office branch each year.
About Post Office Endowment Life Insurance
Post Office Life Insurance is provided by Aviva Life & Pensions UK Limited. They are offering two forms of life cover: Level Term and Decreasing Term Life Insurance. For the level term, the benefits stays level over time and it is flexible wherein you can pay off debts or maintain your family's lifestyle. On the other hand, the decreasing life term the benefit decreases over time. This cover decreases broadly in line with a repayment mortgage, although it can be used to cover any reducing liability. However, as the Sum Assured reduces over time the premiums are cheaper in decreasing level than level cover. Remember to choose what is right for you and what is best suited for your family.
The Post Office Endowment Life Insurance Reviews
Royal Mail Group scored low in our favorite review site garnering 1.1 out of 5 stars on the average from 17 reviews available. Some comments that came up were the poor customer relations and that you cannot trust this company them. If you have experiences with Post Office Ltd you can share it with other customers by going to this site, link
40% Off Endowment Cover
If you don't find the best value endowment life insurance quote now, over the lifetime of the policy this will cost you £1000's. Unlike other comparison sites we only provide quotes for Endowment Insurance which means you can speak to experts as well as getting great prices. Complete our form and find out your lowest quote.