The Sainsbury’s Over 50s Life Insurance Plan is actually provided by Legal & General and can help your loved ones by paying out a fixed cash lump sum on your death. It’s not a huge amount and should not be considered as an insurance policy to help your partner as an income. But you can set up the sainsburysfinance.co.uk/over50s plan knowing that your funeral expenes and any unpaid bills will not be a burden on your family.

A great alternative to the sainsburysfinance.co.uk/over50s plan is the Sun Life Over 50 Plan If you’re aged 50-85, from just £4 a month the Sun Life Direct Guaranteed Over 50 Plan could be right for you. It is an affordable way to leave your loved ones a fixed cash sum when you’re gone, either as a cash gift or to help towards funeral costs. You should also get a quote for the LV 50 Plus plan as it may suit your needs better, or may well be cheaper with cover from just £5 a month and a free gift when your plan starts.

Back to the Sainsburys Over50s plan. If you sign up for the policy and die within two years, your family will not recieve the payout, but they will get the monthly installments returned. After the two initial two years, your family will receive the amount as set out in the policy payment plan which you can see when applying for the over 50′s insurance plan from Sainsburys.

Where else could you get an over 50′s life insurance policy similar to the sainsburysfinance.co.uk/over50s offer ?

This review was posted on Sunday, May 2nd, 2010 and the offer details may have changed or ended since writing or updating. Check the company website for up to date information on offers.

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