Sainsbury's Finance Launches Over 50s Life Cover Plan
Sainsbury's Finance has launched an Over 50s single life cover plan (1), with premiums starting from as little as £8 a month. The plan can be taken out between the ages of 50 and 74. No medical is needed and premiums will remain level for the life of the plan. Premiums stop at the policyholder's 90th birthday, but cover continues.
(PRWEB) May 16, 2009 -- Sainsbury's Finance has launched an Over 50s single life cover plan (1), with premiums starting from as little as £8 a month.
The plan can be taken out between the ages of 50 and 74. No medical is needed and premiums will remain level for the life of the plan. Premiums stop at the policyholder's 90th birthday, but cover continues.
The individual can choose how much cover to have based on a rate table, or choose from a number of set premiums to suit their gender and age. After five years, cover is increased automatically by 10% with no increase in premiums.
Lucy Hunter, Sainsbury's Life Insurance Manager, said: "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."
For further information please call 0800 316 7311 or visit www.sainsburysbank.co.uk
For further information, please contact:
Phil Anderson / Sarah Rowan
Citigate Dewe Rogerson
020 7638 9571
Sainsbury's Bank provides information to allow you to choose life insurance and will pass your name or application to Legal & General Assurance Society Limited. Financial advice should always be sought if people are unsure of their requirements.
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
(1) Over 50s Life Cover Plan through Sainsbury's Bank is provided by Legal & General Assurance Society Limited. Registered in England No 166055. Registered office: One Coleman Street, London EC2R 5AA.
Sainsbury's Finance:
To view our latest press releases and product information, please visit the Sainsbury's Finance online media centre at www.sainsburysfinance.co.uk/media
Sainsbury's Finance offers a range of quality, competitively priced, award-winning products. It opened for business on 19th February 1997 and was the UK's first supermarket bank. It is a 50:50 joint venture with Sainsbury's and Lloyds Banking Group.
Sainsbury's Finance offers the following products: Credit Cards and Loans, a range of Savings products and Car Insurance, Life Insurance, Home Insurance, Travel Insurance and Pet Insurance
For further information and general Sainsbury's Finance enquiries customers can call the freephone number on 0500 40 50 60 or visit www.sainsburysbank.co.uk
Sainsbury's provide a wide range of financial services including pet insurance, life insurance, savings accounts and home insurance, visit www.sainsburysbank.co.uk now to find out more
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