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The term life insurance means life insurance coverage and plays an essential role in providing financial security of those left behind in the event of death and nothing else.
Tesco Endowment Life Insurance is the more familiar name of Tesco Personal Finance, part of the global Tesco Group. Tesco’s best known insurance products are Tesco Car Insurance and Tesco Travel Insurance, but they also offer home insurance and Tesco Pet Insurance.
History
TESCO have come a long way since Jack Cohen first opened a market stall in East End of London in 1919. The company was founded by Jack Cohen in 1919. The name came about after Jack Cohen bought a shipment of tea from T.E. Stockwell. He made new labels using the first three letters of the supplier's name (TES), and the first two letters of his surname (CO), forming the word TESCO. The first Tesco store was opened in 1929 in Burnt Oak, Edgware, Middlesex.
Tesco plc is the 3rd largest retailer in the world based on revenues (after Wal-Mart and Carrefour) and the 2nd largest based on profits (after Wal-Mart). The general merchandise retailer headquarters is located in Cheshunt, United Kingdom. Today Tesco operates in 14 countries across Europe, Asia and North America with over 472,000 employees across Asia, Europe and North America.
Type of Tesco Endowment Life Assurance
Tesco offers the following products among others: Level Cover Life Insurance, Decreasing Cover Life Insurance, Critical Illness Cover and Over 50s Plan. The simplest protection policy is the Level Cover Life Insurance that will pay the cover amount if you die within the policy term.
If you want that the cover amount reduces each year roughly in line with your mortgage but the premium remains fixed then consider taking out the Decreasing Cover Life Insurance.
Critical Illness Cover pays a lump sum if you're diagnosed with one of the defined Critical Illnesses during the policy term. The Tesco’s over 50 plan leaves a cash sum for your families once you’ve gone and it comes with guaranteed acceptance.
Whether you're looking to protect your nearest and dearest or cover your mortgage, Tesco Life insurance is easy in every way, it's simple to understand and apply for.
Among the top rival companies of TESCO in the Endowment Life Insurance are the following: Barclays Endowment Life Insurance, Aviva Endowment Life Insurance, and Axa Endowment Life Insurance.
Reviews of Tesco Endowment Life Insurance
The company has a good review on reviewcentre.com, our favorite review site where real people share their experiences on certain products and services. TESCO Life Insurance Scored 5 out of 5. Tesco handled problems with their clients well. Their call center customer service representative is very helpful and process quickly the details and insurance of their clients without any hassle. Follow this link, review link and leave details if you have any experience with TESCO and would like to share it with other customers.
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