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Level Cover Life Insurance

With Level cover, the Life Insurance amount and premium remain fixed throughout.

This simple protection policy will pay the cover amount if you die within the policy term.

It could pay a cash sum to help look after your family's future and interest only mortgage upon your death.

Get 3000 Clubcard points when you get a quote between 1 March 2012 and 15 August 2012 and then buy the policy. More about this offer.

Tesco Life Insurance is provided by Friends Life Limited.

3000 Clubcard points
  • Get a quote for Tesco Life Insurance

What's in it for me? Key benefits and features

  • Cash sum that could help support your family, pay off your mortgage and meet other financial commitments.
  • Joint or Single Cover - you can set-up your policy with either a single life assured or two, joint, lives assured. For joint policies we would only pay out the sum assured once, on first death or on payment of a critical illness claim.
  • Mortgage Life Insurance - fixed cover amount for your interest only mortgage to the end of your chosen term.
  • Terminal Illness Benefit - take care of life's essentials if you're diagnosed with a terminal illness at least 18 months before the cover term ends. The policy will end if the advanced cash sum is paid.

Terminal Illness is an advanced or rapidly progressing incurable illness where it is considered that life expectancy will be no greater than 12 months. This differs from Critical Illness Cover.

Illustration of how level cover life insurance works

Please note that there is no cash-in value at any time. If you choose level cover it pays out a fixed sum and its real value will be reduced by the effect of inflation. If you stop paying premiums your cover will stop.

Additional Options

Special Events Option

The policy adapts as your life changes. If you're under age 50 and in good health, this option will be included in level cover versions, but not decreasing cover versions.

It allows you, subject to certain limits, to take out extra cover without further evidence of health, family history, occupation or pastimes or your marriage, registration of a civil partnership, on birth of your child or your legal adoption of a child under 16. You can exercise this option during the cover term up to your 55th birthday. If you increase your cover your premiums will increase.

Mortgage Increase and Extension Option

Want to occasionally increase or extend your mortgage? A flexible policy can adapt to your changing needs. If you're under age 50 and in good health we'll include this option. It allows you, subject to certain limits, to take out extra cover or extend the cover term without further evidence of health, family history, occupation or pastimes if you increase your mortgage, either to move house or pay for home improvements.

You can exercise this option during the cover term up to your 55th birthday. If you increase your cover or extend the term your premiums will increase.

There are limits to the new amount of Life Insurance you can take out under these options so please read the policy terms and conditions. Your premiums may increase if you change the amount and term of your policy.

How much will it cost?

  • Your premium depends on your personal circumstances, for example, age, sex, occupation, lifestyle, personal and family medical history and whether or not you smoke or use nicotine products
  • Cost is dependent on the cover amount (the sum assured), its length, and the benefits you have chosen
  • Our online cover calculator can help you decide how much cover you need
  • Don't worry if you're on a budget - you can get a quote based on the monthly premium that you would like to pay and we can tell you how much you could be covered for
  • You must review your cover amount and term regularly to ensure they meet your needs, especially if your personal circumstances change

Adding Critical Illness to your policy...

Take the strain out of your personal finances when you're critically ill with Critical Illness cover.

  • Find out more information about critical illness cover...

Terms and Conditions

  • This offer is available to new Tesco Life Insurance customers who get a quote between 1 March 2012 and 15 August 2012 and then buy the policy.
  • One offer per policy.
  • This offer is only available to Clubcard customers. The Clubcard number must be provided at time of quote.
  • The Clubcard must be in your name.
  • Points will appear in the next available statement; this may not be the next statement you receive.
  • If you cancel your policy within the first 6 months, we reserve the right not to fulfil the Clubcard points.
  • Not to be used in conjunction with any other offer.
  • The Clubcard scheme is administered by Tesco Stores. Tesco Stores are responsible for fulfilling points.
3000 Clubcard points
  • Get a quote for Tesco Life insurance

Apply over the phone

Why not give us a call? We can complete your application in around 20 minutes...

Call one of the team on:
0845 309 2933

Lines open 8am-8pm Monday to Friday, 9am-5pm Saturday and 10am-5pm on Sundays. Calls may be recorded.

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Got a question about your Life Insurance policy?

Take a look through our Life Insurance glossary for the answer.

  • Find out more information from our life insurance glossary...