Whatever you're cutting back on, don’t let Over 50s Life Cover be one of them
Recent articles in the press have highlighted that the effects of unemployment, high inflation and poor savings rates, have hit the Over 50s hard and some are now looking at a bleak future.
Nearly 30% said their standard of living has got worse over the past year, and millions are planning to make personal cutbacks over the next 12 months as they’re feeling under financial pressure. (Source – Daily Mail (www.dailymail.co.uk) Feeling the pinch: Over 50s being crippled by triple whammy of unemployment, dire saving rates and high inflation)
Asda recognises that many Over 50s are facing an unsure financial future, and are having to make cut backs. However, whatever you’re cutting back on, don’t let Life Cover be one of them. It’s crucial now, more than ever that financial measures are in place today for the future. Asda Over 50s Life Cover starts from just £5 a month, that’s 17p a day, which makes it an affordable way to make sure families aren’t left with a financial burden when their loved ones die.
With the cost of living going up, so is the cost of a funeral; the average cost of a basic funeral in the UK in 2009 was £2,620*.But by 2019 this is expected to go up by almost £2,000, to £4,595**.
*Source= LV= Cost of a funeral research – Consensus Research – Sept 2009.
**This is based on a projection in the current rise of funeral costs over the past 10 years, using a yearly
rate of 5.77%.
Please be aware that this is only a projection based on the LV= cost of a funeral research – Consensus Research,
September 2009 (therefore this figure could increase or decrease based upon market conditions)
The Over 50s Life Cover plan from Asda enables you to leave your loved ones a useful cash lump sum after you die, to help towards funeral costs or help clear any unpaid bills you may leave behind. And starts from just £5 a month.
All UK residents aged between 50 and 80 will be accepted without a medical or a visit to a GP. The plan has no cash-in value. If you cancel your plan you won't get back any of your premiums and you won't receive a cash lump sum when you die.
Get an Asda Over 50s Life Cover quote today.
