Asda Life Insurance

Asda Life Insurance

Asda Financial Services is the money arm of the Asda chain of supermarkets noted for their lowest priced consumer goods in the UK. It stands on its claim of providing the best value life insurance with LifeSearch Ltd, Britain’s leading protection and life insurance company as its partner in providing and administering life insurance services. LifeSearch Ltd has been awarded the Best Protection Advisor for 4 years since 2004 by Money Marketing Financial Services. Asda offers the following insurance options:

Life Insurance: This provides a lump sum cash payout to your beneficiary or family if you die or are diagnosed with terminal illness during the policy term. The terminal illness must have no life expectancy after 12 months. The amount of insurance is fixed throughout the policy duration.

Mortgage Life Insurance: This provides a lump sum cash payment aimed at covering mortgage or loan payments on the remaining balance after your death. The amount of cover diminishes every year in line with the diminishing outstanding mortgage or loan balance. Premiums here can be cheaper than in the Level Term Life Insurance.

Critical Illness Cover: This provides a lump sum cash payout if you are diagnosed with critical illness as allowed in the cover policy to help your family defray the cost of hospitalization and rehabilitation especially when you are no longer able to be gainfully employed.

You can set-up a joint insurance policy with a partner or your spouse in any of the above insurance options. The lump sum cash payout is given only once when either partner dies or is diagnosed with terminal illness during the policy term. This ends the policy cover.

Competitive Insurance Features

LifeSearch Ltd will search the insurance market to give you the best value deals or match the best ones found in the market. Once found, Asda offers you peace of mind about your beneficiary’s future financial health for as low as £5 per month or 17p a day on a £100,000 cover.

You can get a no-obligation quote request online or by calling its number reserved for this purpose at 0845 600 2732. All of its cover plan offers are fixed term life insurance with no cash values. Cover stops when premium payments stop. Monthly premiums remain fixed for the duration of the policy term.

Online Insurance Advice and other Unique Benefits

Unlike many other insurance companies that advice to seek financial counseling elsewhere, Asda offers free no-obligation advice to guide you through the available insurance options to help you make an informed decision on what is the best option for you and your family’s financial health in the future. You can do this online or over its 0800 line as well as in any of Asda’s branch office nationwide.

In the event that you are diagnosed with terminal or critical illness, Asda will provide services that are unique in the insurance business. It will develop personalized support package that includes a personal nurse advisor, home visit by a nursing specialist and a care plan personalized for you and your family.