Over 50s life insurance policy

Tue, 12 May 2009

Supermarket giant Sainsburys has launched a brand new Over 50s single life cover plan, with premiums starting from as low as £8 per month. The new plan is available to people aged between 50 and 74.

To take out this life insurance policy, applicants need no medical, and premiums remain at a fixed level for the life of the plan. Although premiums come to the end on the 90th birthday of the policyholder, cover continues.

Consumers can choose exactly how much cover they need. Speaking for Sainsbury’s, Lucy Hunter reportedly commented: "These policies can make a lot of sense if you want to leave a tax-free sum to your partner and loved ones when you die. Also, with no medical required and applications accepted online or on the phone, our Over 50s single life cover plan is easy to apply for."
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