Sainsburys Life Insurance

Sainsbury’s is one of the fastest-growing life insurance providers in the UK . The company offer both general life insurance (also known as ‘Sainsbury’s Life Assurance’ or ‘Sainsbury’s Term Assurance’) and mortgage life insurance, courtesy of Legal & General.

Cover starts from as little as £5 a month and c ustomers with access to the internet can benefit from a range of online discounts.

Customers are given the choice of two main types of life insurance

Level Term Assurance – Provides a lump sum payout in the event of the policyholder’s death during the term of the policy and offers a fixed level of cover.

Decreasing Term Assurance – Cover is generally cheaper than level term assurance and decreases over a fixed number of years and pays out a lump sum in the event of the policyholder’s death during the policy term. Decreasing Term Assurance is also designed to protect a repayment mortgage as the amount of cover decreases broadly in line with a policyholder’s outstanding repayment mortgage.

Both types of life cover come with terminal illness cover as standard on any policy with a term of two or more years, although it does not apply during the last 18 months of the policy term . Premiums remain fixed during term but cover can be adjusted whenever a customer feels it necessary.

In addition, Sainsbury’s Life Insurance comes with a price guarantee, whereby if a policyholder is quoted less on a like-for-like policy elsewhere within three months they will receive £20 worth of Sainsbury’s vouchers in return.

Benefits

The benefits of Sainsbury's Life Insurance include:

  • Competitive cover from only £5 per month
  • Level of cover that can be changed to suit changing circumstances
  • Online discounts
  • Sainsbury’s Price Guarantee
  • "Premium Fixed For Life" options
  • Quick and easy online application process
Life Insurance Partners
Price Promise
Our Price Promise
We guarantee to match any like for like price obtained within 7 days with written evidence.
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Voted Best Protection Adviser 4 times in 5 years at the Money Marketing Awards.

Mortgages

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