Asda is one of the UK’s most notable consumer goods supermarkets, and they’re especially well known for their low prices and high value. What you may not know is that Asda also offers life insurance through LifeSearch Ltd. LifeSearch Ltd is one of the leading life insurance companies in the UK, and earned the “Best Protection Advisor” award from Money Marketing Financial Services for the years 2004 through 2010. Asda Life Insurance offers several products and options, including:

• Term life insurance. This kind of policy will pay out a lump sum of cash to your named beneficiary in the event that you die during the policy term. The same holds true if you are diagnosed with a critical illness and doctors believe you have 12 months or less to live. The cost of your insurance premium is fixed throughout the entire duration of the policy, as is the death benefit amount.
• Mortgage Life Insurance. This type of cover will make a lump sum cash payout to your beneficiary for the purposes of paying off your home loan balance. The amount of cover will lessen every year to correspond to the lower balance on your home’s mortgage. Premiums for mortgage life insurance are generally lower than those of term life insurance.
• Joint life insurance. One of the options offered by Asda Life Insurance is joint coverage. You can open a policy that will cover both you and your spouse or partner. This type of coverage can be added to any of the other types of coverage, and is ideal when both you and your partner or spouse contribute to the family’s income.
• Critical illness cover. This will give you a lump sum payout in the event that you’re diagnosed with a critical illness. Critical illnesses eligible are specifically defined within your insurance policy. This cover is designed to help pay for things like hospitalisation, rehabilitation and other medical needs if you’re not able to work.

Asda Life Insurance offers you a number of support packages and helpful guides, as well. Among other things, they can help you develop an individualised support package that can include things like a personalised care plan, a nurse advisor and even home visits by a nursing specialist.

With life insurance, the premium you pay depends on a number of factors such as your age and lifestyle habits, so it’s wise to shop around for the best deal. We compare the whole of the market to find you the best life insurance deal. Get a no obligation quote today.