As well as being one of the most recognisable UK high street brands, Sainsbury’s also offers life insurance as part of the Sainsbury’s bank financial product range. The Sainsbury’s Bank life insurance policies offer peace of mind cover designed to protect your dependents financially in the event of your death within the life insurance term.
The Sainsbury’s Bank level term assurance offers life insurance that pays out a fixed lump-sum in the event of your death or diagnosis with a terminal illness. The amount paid out will depend on the amount of cover purchased, and does not increase or decrease over time. If no claim is made the life insurance policy is worthless at the end of the term.
The Sainsbury’s Bank mortgage protector option offers life insurance based on a basic decreasing term assurance model. This Sainsbury’s Bank life insurance option is specifically designed to pay off your mortgage in the event of your death during the life insurance term; the life insurance policy decreases in value over time in line with your outstanding mortgage balance, drawing towards zero as your mortgage payments are completed.
To compare Sainsbury’s bank life insurance policies against the UK market, complete the form on this page. Totally Money will connect you with an independent life insurance expert for a thorough analysis of the best policies and most affordable premiums available to suit your requirements.