From UK Insurance Index:
The Post Office today announced the launch of a new product into the life insurance market, and is offering a £100 cash back bonus to anyone taking out a policy. A minimum premium of £10 per month is required to qualify for the £100 cash back offer which is redeemable after the 12th monthly premium is paid.
Post Office Life Insurance has the flexibility for customers to choose Level Term cover which pays out a fixed lump sum to the deceased’s dependents in the event of their death or Decreasing Term which is suitable for those with a repayment mortgage as the sum assured decreases in line with the outstanding mortgage.
Both products offer up to £500,000 worth of life cover and people can get cover from as little as £5 a month and choose the amount and length of cover they require.
The new life insurance will join the Post Office’s recently launched Over 50s Life Cover to create a suite of life products, offering affordable and comprehensive peace of mi…