Sainsbury's Bank Life Insurance discount introduced

Customers who take out Sainsbury's Bank Life Insurance before March 26th 2006 have been offered a discount of five per cent. Premiums with the company start at £5 a month, a rate which Sainsbury's claims is among the most competitive in the market. The offer follows research conducted by the bank, which reports that up to 4.2 million people in the UK do not have life insurance on their mortgages. Covering one's mortgage in such a way is recommended by the company in order to avoid passing repayments on to loved ones in the event of death. Life insurance manager with Sainsbury's David Pickett said: "Homeowners in particular should take care not to overlook life insurance as it can help to ensure the property is paid for upon death alleviating any financial burden and may even provide financial security for loved ones." Sainsbury's Bank Life Insurance is provided by the Legal & General Assurance Society. Further information on this offer can be found on the bank's website, or Sainsbury's can be contacted directly for a quote. Source: www.moneynews.co.uk