Different types of policies
At Tesco Life Insurance we provide two types of life insurance to allow you to apply for the policy that is most suitable for you.
Firstly we offer a fixed-term life insurance policy that will provide a fixed cash payment to your loved ones should you die within the period of your policy. You will know exactly how much you will need to pay every month and your payment amount will never change.
Secondly we offer a mortgage life insurance policy and this can help you pay off your mortgage should you die during the policy's duration. This does not pay out a fixed lump sum; instead the amount paid out is designed to reduce in line with a standard repayment mortgage.
Each of these options allows you to choose what is best for your family and situation and to make an informed decision. The good thing is that you can choose the amount you would like to be covered for and the length of the policy, making it easier for you to budget.
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