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ASDA Over 50s Life Cover

No longer is 50 considered old. UK residents are living longer than ever, which makes planning for retirement and for the future increasingly important. ASDA Over 50s Life Cover is ideal insurance if you are getting on in age, whether you already have a life insurance policy or not. This type of cover will pay a cash lump sum to your family in the event of your death, which can be used to pay off bills, put toward your funeral expenses, or be used in any other way your loved ones choose.

With ASDA Over 50s Life Cover, you never pay in more than you get back, as long as your monthly payments are made on time, and your cash lump sum is guaranteed. Acceptance is guaranteed for UK residents between the ages of 50 and 75, and you can specify if you would like your cash lump sum to go toward the cost of your funeral.

Your monthly premiums will never increase, no matter what happens during the term of your policy, and you may be eligible to receive your first month of benefits free. The lump sum paid out is not linked to inflation, and there is zero cash in value because this policy pays out only upon your death. Although the cash lump sum is considered tax-free, it may be subject to inheritance tax if included in your estate. These things should be considered when you are choosing your level of cover.

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