Sainsbury's over 50s Life Insurance Review.

Sainsbury's Finance is a 50:50 joint venture with Bank of Scotland (part of Lloyds) and the sainsbury's finance over 50's life insurance product is provided on behalf of L&G. With the over 50s life insurance plan from sainsbury's you get> Guranteed acceptance with no medical or health questions providing you are between 50 and 80 and a UK resident. Life insurance premiums from £5 per month. At the age of 90 the premiums will stop but cover will still be provided for the rest of your life. FREE £50 Sainsbury's gift voucher when you take out a new over 50s life insurance policy online. (until 06/09/2010) Premiums are fixed so no need to worry about them increasing. Examples of current cover levels @09.08.2010 (latest examples available on website) Woman aged 50 paying £10 per month £3324 Woman aged 65 paying £20 per month £3661 Man aged 55 paying £15 per month £3625 Man aged 70 paying £50 per month £6,375 With this plan you will receice the lump sum after the plan has been running 2 years. If you die before then all the premiums will be returned unless the death is caused by an accident which subject to t&c's will also result in the lump sum being paid. As this is a life insurance policy if you stop paying the premiums your sainsbury's over 50's life plan will be cancelled and you will not get the premiums paid back as the insurance policy is designed to pay out on death.