Half of Over-50s Worried About Winter Fuel Bills as Cold Snap Bites

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Post Office® offers £30 fuel voucher with Over-50s Life Cover.

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For the over-50s winter can be a really tough time and keeping warm is hard enough without having to worry about paying for gas and electricity. Our research shows this is an additional worry for many people, so we have listened to these concerns and want to help ease their financial worries.

As the arctic weather conditions continue to sweep across the nation, almost half of UK over-50s (48 per cent) are worried about paying their winter fuel bill, according to new research by Post Office® Financial Services.*

With temperatures averaging just 6.9 degrees and recent lows of -10**, the costs of heating a home during winter can add further worry to those who are already financially strained.

To ease these concerns the Post Office® is giving any customer taking out its Over-50s life insurance £30 towards gas and electricity equivalent to 16 per cent of their winter fuel bill.***

Post Office® head of protection Duncan Caesar-Gordon, said: "For the over-50s winter can be a really tough time and keeping warm is hard enough without having to worry about paying for gas and electricity. Our research shows this is an additional worry for many people, so we have listened to these concerns and want to help ease their financial worries."

Post Office® Over-50s life insurance policy offers those concerned about money an affordable way to leave family and loved ones a lump sum in the event of the policyholder's death, to help cover funeral costs, unpaid bills or as a gift.

Cover is guaranteed for all UK residents aged between 50 and 80 with no medical questions or checks needed. Customers can choose how much cover they want with premiums starting from as little as £7 a month.

Post Office® Over 50s Life Cover is available over the counter all 12,000 Post Office® branches, online at http://www.postoffice.co.uk or by telephoning 0800 096 5484. Travel, Car, Home, and Term Life Insurance is also available.

Issued by Post Office Ltd:
0207 250 2468
148 Old Street
London
EC1V 9HQ

Notes to Editors

Customers will receive a £30 voucher to redeem at any Post Office® after three months worth of premiums have been paid.

  • All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 2024 adults. Fieldwork was undertaken between 24th -29th December 2008. The survey was carried out online. The figures have been weighted and are representative of all UK adults (aged 18+).

** According to the Met Office's latest UK average temperature data for 1971 to 2000.

***According to the Office for National Statistics most recent figures the average household spends £15.90 per week on fuel or £190.80 for the 12 week winter period. Therefore the £30 cashback offer is 15.7% of the winter fuel bill.

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Hayley Fowell
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