ASDA Life Insurance. Fact! If you don't compare them against the market now it could cost you £1000's. Compare the whole life insurance market.
Asda Financial Services is part of the larger well known supermarket group. The group is in turn part of the enormous Wal-Mart Stores Inc, which is the largest company in the world by revenue.
They now offer a range of financial products including life insurance protection products. They are in partnership with LifeSearch, offer level term life insurance to protect your family and loved ones and decreasing term life insurance to protect your mortgage.
They provide customers in the UK with a number of services like Car Insurance, Travel Insurance, Pet Insurance, Life Insurance, Home Insurance, Van Insurance and Motorbike Insurance.
Like a number of life insurance companies they advertise that you only need to pay £5 a month for life insurance cover. Whilst this is true the actual amount you will need to pay will depend a number of variables such as the amount you need to protect, how that amount amortises, over what length of time the protected amount amortises and if you include extras such as critical illness cover.
Their Life Insurance promises to find the best insurer for you and your family so you can get the best price and an appropriate amount of cover that suits your particular needs. This can be done as they use the company LifeSearch who are an award winning life insurance provider that service 1000s of clients each month.
There are many benefits you can get from Asda Finance Life Insurance like more than £100,000 cover by paying only £5 a month. Again, you need to make sure that the life insurance protection is suitable and we always suggest speaking to a life insurance expert such as an IFA.
The main benefit of the partnership with LifeSearch is that you don't need to put any effort in searching the market because this task will be done by Asda Finance Life Insurance for you. Finding the right coverage at right price is what Asda Finance will do.
Types of Cover
The protection plans offered by Asda Finance Life Insurance are Critical Illness Cover, Income Protection Cover, Real Life Cover and Over 50s Life Cover.
Critical Illness Cover
Critical illness cover is suitable if you want protection in place if you are unable to work and provide for your family through serious illness. Critical illness pays a lump sum on diagnosis, and can be used however you wish. Always check the small print as certain cancers and forms of heart disease may not be covered.
Income Protection Cover
Income protection will provide for you against the risk of unemployment. Due to the increase of unemployment over the last year this has been popular, however it has meant an increase in premiums.
Real Life Cover
Real life cover is a fairly new type of life insurance protection. It is designed to protect against a wide range of problems that you and your family could face. It includes income protection, critical illness and life cover. As more comprehensive cover it is more expensive, but should be cheaper than buying different protection separately.
Over 50s Cover
Over 50s life cover is provided by LV= (Liverpool victoria) and offers guaranteed acceptance and is designed so that the policyholder does not leave a financial burden as and when they die. Money can be used to either pay funeral costs or to cover unpaid bills.
At the time of writing Asda life insurance had only a very small sample of reviews, and a low score. Usually only unhappy clients post reviews as happy customers just simply are not as motivated. Have a look at the link, it might be helpful in making a decision on who to use to take out life insurance. Reviewsmore information