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Tesco launches life insurance for the Over 50s

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The policy will allow customers to leave loved ones a guaranteed tax-free cash lump sum. Customers who buy before 26th June will receive a free £20 gift card.

Customers are guaranteed to be accepted and no medical is required for customers who are between the ages of 50 and 75. There are no complicated forms to fill in, customers can apply easily online or over the phone. Customers stop paying when they reach 90, but their cover will continue until death.

“Increasingly, people are living longer than in previous generations,” says Jeremy Sutton, head of Tesco Life Insurance. “Customers have been telling us that they want a product that meets their needs for leaving something for their loved ones. We’re confident that our prices are the best value cover in the market.”