Asda Over 50s Life Cover is a simple, easy to arrange life cover plan that pays out a guaranteed cash lump sum when you die. There are two options to choose from, capped and uncapped.
The uncapped Option starts from £5 a month (starting premium depends on your age). It helps you make sure something’s in place to make things a little easier for your family at what could be a difficult time. Depending upon how long you live, you may end up paying more than is paid out when you pass away. Premiums are payable for a maximum of 30 years– GUARANTEED.
With the capped Option, premiums start at £15 a month (depending on your age). This Option means you’ll stop paying once the total you’ve paid reaches your chosen amount of cover. So if you chose cover of £4,000, you’d stop paying premiums as soon as you’ve paid up to that amount. It means no matter what age you reach, you’ll never pay in more than will be paid out when you die– GUARANTEED.
The minimum amount of cover you can have is £650, and the maximum is £10,000. So depending on your age you may find that you are asked to pay more than the minimum premium of £5 for the minimum amount of cover of £650