Over 50s Life Cover options
We think it’s important that you get to choose how much cover you want and what happens to your cash lump sum when you die. Choosing your cover is easy, just follow the simple steps below.
1. Choose the amount of cover you want
Choose the level of cover you would like or the amount you would like to pay from the rate tables.
You’ll notice that Asda Over 50s Life Cover offers both a capped and uncapped option. The uncapped option means that you pay slightly less each month, but you will be required to pay into the plan for the rest of your life. It starts from just £5 a month and you’re free to choose how much you pay (up to £100 a month). However, depending on how long you live you could end up paying more than you get back.
The capped option means that you pay slightly more each month, but you stop paying once the amount you’ve paid reaches your chosen cash lump sum. More information is available in step 2.
2. Choose if you’d like to never pay more than you get out
For a little more each month, you can enjoy extra peace of mind by capping your premiums. This means you stop paying once the amount you’ve paid in reaches your chosen cash lump sum. This guarantees that you’ll never pay a penny more than you get out. Premiums start from £14.59 a month and go up to £99.38 a month.
3. Choose if you'd like to get an extra 10% towards your funeral
You can choose the Funeral Benefit option and assign your cash lump sum towards the cost of your funeral with Dignity Funeral Directors. This option means you’ll get an extra 10% towards the cost of your funeral, at no extra cost to you.
Making the right choice
To make sure that you make the right choice for you and your loved ones, please take a look at the Important Information documents.
Or for any questions you may have, call
0800 202 8104*
