Greenbee Life Insurance

Greenbee Life Insurance

The Greenbee Company is the direct services arm of the John Lewis Partnership, a £6 Billion UK retail company engaged in the retail and consumer products business. It is the 3rd largest private enterprise in the UK and has the financial muscle to provide insurance services for life, and non-life assets like your home, car as well as events like weddings and travel and even your pets. As an affiliate of the John Lewis Partnership, Greenbee shares in its business philosophy of providing excellent value to its customers for its products and services.

Life Insurance Options

Life cover or more universally known as life insurance provides your beneficiary with cash in the event of death of the insured or a terminal illness diagnosis during the term of the cover. If you have a family or people who depend on you for financial support, it always makes sense to have a life cover that they can use to pay off the outstanding balance on your mortgage or help them with daily expenses. Greenbee provides three life insurance options.

Decreasing Life Insurance: Your beneficiary gets a cash sum that decreases over time in line with your mortgage repayment that remains outstanding at any time,this covers your family’s mortgage payments in the event of your demise.

Level Life Insurance: your beneficiary gets a cash sum that remains constant over the insurance term period.

Joint Life Insurance: provides coverage for you and a partner of your choice under one plan (your partner is one with whom some form of financial commitment is jointly shared). This is ideal for spouses or with a business partner. The insurance lump sum cash is made out to you or your beneficiary at the first death instance of either party in a joint policy. The insurance coverage ends thereafter.

Under any of the insurance options, you are assured of fixed monthly premiums. It is, however, advised that your review you policy coverage to enable to make decisions on how best to maintain its value with annual inflation.

Competitive Greenbee Provisions

Providing competitive insurance premiums for as low a £5 per month, Greenbee understands consumer needs and makes life cover application and processing fast and easy.

As a fixed term insurance, your premiums will remain unchanged for the duration of the policy.

It offers a wide range of premium payment options that hinges on the person’s needs and circumstance. There are no cash values attached to the life cover as it’s a basic term insurance that requires regular monthly premiums.

The life cover ends when the premium payment stops at any time during the coverage period. Greenbee cautions the consumer that the purchasing power of any cash sum under any life plan is subject to inflation so it is advised that the coverage be sufficient enough and regularly reviewed with them.

You can get an instant quote online or dial 0800 916 6840 for more information about the options available as well as request for application.