Best life insurance with free gift 2021

In this in-depth article we investigate

  • Which insurer is currently offering the best welcome gift?
  • Are you entitled to the free gift and when can you claim the prize?
  • Can you get life insurance with a free iPad?
  • What's really hidden in the insurers small print?
  • Does the cost of your premium determine the value of the gift?

What kind of gifts can you expect?

Life insurance providers will offer a wide range of free gifts to entice you to arrange cover with them.

The most common is some form of gift card, whether that be for Amazon, M&S or another high street retailer.

However, it's been known for insurers to offer more extravagant gifts from Xbox's and PS4s to laptops, TVs and Apple watches.

Whilst everyone loves to receive a freebie, it's important to remember that ultimately the best life insurance for you will be one where the level of cover meets your needs, rather than based on the free gift you receive.

To discover the right policy to meet your needs, simply get in touch to discuss your options.

Below you'll find details on what the major insurers are currently offering…

Compare the Market - £195 Amazon gift card

Compare the Market are offering an Amazon gift card up to the value £195.

Online giants Amazon provide you with a massive range of products to choose from.

Compare the Market life insurance with free gift

However, the value of the gift card will depend on the cost of your monthly life insurance premiums and also the specific insurer you choose.

For example; if your monthly premium is £0 - £10 with Zurich you'll receive a £35 gift card, with Legal & General and Beagle Street you’ll get a £30 gift card and with all other brands you'll get £25 in vouchers.

The maximum £195 gift card can be achieved for policies with Beagle Street and your monthly premium must be £50.01 a month or above.

Unlike most other offers, you're eligible for this offer after paying just 3 months of premiums and you'll be contacted within 45 days of your 3rd payment.

Key points with the Compare the Market free gift:

  • You have to pay 3 months premiums before you can claim your gift
  • Offer only available online
  • You'll be offered your free gift 45 days after paying your 3rd premium
  • The value of the gift you receive depends on the insurer
  • 1 gift card per policy
  • Offer runs from 01/02/20, no expiry date stated

Website: www.comparethemarket.com/life-insurance/content/with-free-gift

Direct Line - £180 Amazon, M&S or Love2Shop gift card

Direct Line are offering a gift card from Amazon, M&S or Love2Shop up to the value of £180.

Vouchers are sent after you've paid 6 months premiums and its value is calculated from how much you pay a month.

Direct Line life insurance with free gift

For example; if your monthly premium is between £6 and £10 a month you'll receive a £35 voucher; if you pay between £10.01 and £20 a month you'll receive a £60 voucher...to receive the full £180 gift card you'll need to be paying over £30 a month.

You may not be aware that Direct Line life insurance is actually provided through Legal & General.

As a result, if you've previously cancelled a Legal & General policy, you'll not qualify for this Direct Line offer.

Key points with the Direct Line free gift:

  • You have to pay 6 months premiums before you can claim your gift
  • Value of the gift will depend on the monthly premium of the policy
  • Cashback customers are excluded
  • You're limited to 1 gift card per policy
  • If you've previously cancelled a Legal & General policy, you'll not qualify
  • Offer runs from 22/07/19, but no expiry date stated

Website: www.directline.com/life-cover

Churchill - £180 Amazon, M&S or Tesco e-gift card

Churchill are offering an e-gift card for either Amazon, M&S or Tesco up to the value of £180.

Again, the value of the gift card is dependent on the cost of your premiums and will be issued after you've paid your premiums for 6 months.

Churchill life insurance with free gift

For example; if you pay between £4 - £10 a month you get a £35 gift card; if you pay between £10.01 and £20 per month you receive a £60 gift card and so on until the maximum of £180 if you pay over £30 a month.

Churchill life insurance is now provided through AIG, (having previously worked with Legal & General).

Therefore, if you've previously cancelled an AIG policy, you'll not qualify for the free gift.

Key points with the Churchill free gift:

  • You'll receive your free gift after paying your premiums for 6 months
  • The offer is available only to customers who take out Churchill term life insurance policy
  • Cashback customers are excluded from this offer
  • Only 1 person per policy and 2 people per household are eligible
  • If you've previously cancelled an AIG policy, you'll not qualify
  • Offer runs from 22/07/19, but no expiry date stated

Website: www.churchill.com/life-insurance

Aviva - £140 Amazon voucher

It’s possible to receive an Amazon voucher up to the value of £140 when taking out Aviva life insurance.

However, this isn’t an offer directly from their website. Instead, it’s offered by vouchercodes.co.uk.

Aviva life insurance with free gift

VoucherCodes offer discount vouchers and promotional codes across a wide range of brands. From restaurants and fashion, to days out and life insurance.

You’ll need to set up a VoucherCodes account in order to claim this offer and you’ll need to purchase your Aviva life insurance online through a link provided by VoucherCodes. Any policies taken out via phone will not qualify for the free gift.

Like with most other offers, how much you pay for your monthly premium will decide the amount of the gift card you receive.

Those paying a premium of £5 - £9.99 are eligible to claim a £30 voucher, those paying £10 - £19.99 are eligible to claim a £60 voucher, while those paying £20 - £29.99 can be eligible to claim a £120 voucher.

You’ll need to have a monthly premium of £30 or more to claim the maximum value of a £140 voucher.

Once you have taken out a qualifying policy, you’ll be sent an alert from VoucherCodes 120 business days later. You’ll then be able to claim the voucher on from your VoucherCodes account.

If you cancel your policy, you’ll no longer be eligible to claim the voucher.

This offer is only open to new customers and the standard terms and conditions of Aviva life insurance will apply.

Key points with the Aviva free gift:

  • Only available through vouchercodes.co.uk
  • Only valid for online purchases, policies taken out over the phone won’t be eligible
  • Offer can't be used in conjunction with any other cashback or promotional code
  • Limited to one voucher per policy
  • Offer runs from 20/01/2021 until 31/12/2021

Website: www.vouchercodes.co.uk/aviva.co.uk?rc=6756817

Royal London - £100 cash or £100 Amazon, Just Eat or Jojo Maman Bébé gift card

Royal London are offering new customers a welcome gift of either £100 cash via cheque or a choice gift card from either Amazon, Just Eat or Jojo Maman Bébé for the value of £100.

Royal London life insurance with free gift

You’ll need to take out a life insurance policy, with a premium of at least £10 a month, directly from Royal London to be eligible for the free gift.

The gift can be redeemed after you’ve made 8 premium payments.

If you cancel your policy before you’ve paid your eighth monthly premium, you’ll no longer qualify for the free gift.

If you’ve previously taken out life insurance through Royal London, you won’t be eligible for this free gift, this offer is for new customers only.

You’ll be asked to make your gift choice selection using Royal London’s online gift portal. Instructions regarding this will be sent to you by Royal London within 9 days of your 8th premium payment being made.

If you have not provided Royal London with an email address, you can make your selection via phone.

Key points with the Royal London free gift:

  • You must pay 8 months premiums before you can claim your gift
  • Only valid for new customers
  • Monthly premium must be at least £10
  • Limited to one gift card per policy
  • Offer is valid from 05/04/2021 until 02/07/2021

Website: www.royallondon.com/promotions/terms-0207/

Beagle Street - £100 Amazon, Just Eat, B&Q, For Good Causes, JoJo Maman Bébé, Tesco, Curry’s PC World, Argos John Lewis or M&S gift card or a pre-paid Mastercard

The current offer from Beagle Street offers great variety with a £100 gift card from a retailer of your choice or a pre-paid master card.

You’ll be able to choose from a wide range of retailers, including Amazon, Just Eat, B&Q, For Good Causes, JoJo Maman Bébé, Tesco, Curry’s PC World, Argos, M&S or John Lewis.

Beagle Street life insurance with free gift

You’ll be eligible for the offer as a new customer to Beagle Street and after you’ve paid at least 6 months' premiums.

After your 6 monthly payments have been made, you’ll receive an email within 30 days to choose your gift card. You’ll then have 90 days from the date of the email to claim your gift card.

The value of your gift card will depend on the cost of your monthly premium. The minimum premium amount to qualify for this offer is £10.

For example; if your monthly premium is £10 - £19.99 you’ll receive a £50 voucher if your premium is £19.99 - £29.99 a month you’ll receive a £75 voucher. To receive the full £100 voucher, your premium must be £30 or more a month.

Key points with the Beagle Street free gift:

  • You’ll receive your vouchers after paying your premiums for 6 months
  • Your monthly premium must be at least £10 to qualify for this gift
  • The offer can be used once per person per policy
  • You’ll be offered your gift card 30 days after paying your 6th premium
  • Offer is only valid on policies taken out on/or after 14/01/2021 (online or by phone directly from Beagle Street)
  • No end date is stated

Website: www.beaglestreet.com

Zurich - £100 John Lewis, Amazon or Love2Shop gift vouchers

Zurich have extended their free gift offering. Their offer was set to end in December 2020, but you can still claim up to £100 in gift vouchers from your choice of John Lewis, Amazon or Love2Shop.

Zurich life insurance with free gift

Love2Shop gift cards are accepted with over 150 retailers, including Halfords, GAP, M&S, Curry’s, H. Samuel and Boots.

As with all free gift offers you have to wait a period of time before being eligible. With Zurich, the vouchers will be issued after you've paid your 6th consecutive monthly premium.

The value of the voucher received is calculated from the combined value of your 1st 6 months' premiums, rounded down to the nearest £5.

For example; if you pay £5 a month you'll receive a £30 voucher; if you pay £10 you'll get a £60 voucher and so on...until the maximum of £17+ per month in order to get the full £100 worth of gift vouchers.

Key points with the Zurich free gift:

  • You have to pay 6 months premiums before you can claim your gift
  • You can apply online or via phone
  • You must use promo code ZOFFERS100 online
  • You'll not be eligible if you have cancelled a Zurich life insurance policy within the last 12 months
  • This offer is only valid on policies taken out on or after 1st September 2019 and there’s currently no end date stated

Website: www.zurich.co.uk/life-insurance/voucher-offer

Vitality - Apple Watch Series 6 or Apple Watch SE

Vitality do things a little differently. They’re offering a ‘free’ Apple Watch Series 6 or an Apple Watch SE in return for leading a healthy lifestyle and earning Vitality points.

Vitality’s marketing slogan is positively different, which sums up the approach to their ‘free’ gift.

Vitality life insurance with free gift

When taking out a qualifying plan (any life plan with Vitality Plus benefits) you’ll need to agree to purchase an Apple Watch Series 6 or SE on a 36 month, 0% APR customer credit agreement.

You’ll also be required to pay an upfront fee for your chosen watch. The cost will range from as little as £17 a month up to £167 a month, depending on the model and specification of your chosen watch.

By leading an active lifestyle you’ll earn Vitality points. If you earn 160 Vitality points a month this will cover the cost of your monthly payment for the watch.

The number of points you earn will determine how much you pay back for the watch each month. The more points, the less you pay:

  • 160+ Vitality points: Vitality will pay £9.50, you’ll pay £0
  • 120 to 159 Vitality points: Vitality will pay £7.50, you’ll pay £2
  • 80 to 119 Vitality points: Vitality will pay £5, you’ll pay £4.50
  • 40-79 Vitality points: Vitality will pay £2.50, you’ll pay £7
  • 0-39 Vitality points: Vitality will pay 0, you’ll pay £9.50

Vitality points are awarded for one exercise activity per day and are logged using an activity tracker. If you do more than one activity per day, you’ll only receive points for the activity that earns the most points.

You can earn a maximum of 8 points a day and 40 points a month - meaning you’ll need to receive 40 points each week to receive the maximum 160 points for this offer.

This offer isn’t limited to new Vitality customers, if you’re an existing customer you can log on to your member zone to find out if you qualify for this offer.

Key points with the Vitality free gift:

  • Eligibility for this offer is subject to a credit check
  • You must be 18 years old or over
  • To qualify you must be paying at least £45 a month for an individual plan or £60 a month for a joint plan
  • Must agree to a ‘Credit Agreement’ with Vitality’s chosen lender
  • Prices and models of Apple watch are subject to change
  • Only one Apple Watch per adult per plan (those with a joint plan are only entitled to one watch)
  • Payments for the Apple Watch that aren’t covered by Vitality points must be paid via direct debit
  • 14 day ‘cooling off’ cancellation policy
  • No end date specified

Website: www.vitality.co.uk/rewards/partners/active-rewards/apple-watch/apple-watch-terms/

Promis Life - £100 Argos, M&S or Boots gift card

Promis Life, a rising specialist life insurance provider, are currently offering a free £100 Argos, M&S or Boots gift card for new customers that take out a policy directly with them.

Promis life insurance with free gift

This could be the Funeral Protection Promise policy (life insurance to help with funeral costs), or the Over 50s life insurance policy they have available.

Policies must be purchased by calling a qualified Promis Life telephone number or via the Promis Life website.

The gift card will be issued after your first 6 premium payments and will be despatched by post up to 8 weeks following this.

In the instance of a joint policy, only one free gift will be issued.

Key points with the Promis Life free gift:

  • Free gift for new customers taking out a policy after 01/01/20
  • Only one free gift per policy
  • New customers may not be eligible who’ve previously bought and cancelled a policy
  • Offer can’t be used with any other offer or promotion
  • No expiry date

Website: https://promislife.co.uk

Virgin Money Life Insurance - £100 Amazon, Tesco, Love2Shop gift card or pre-paid Mastercard gift card

When you take out life insurance, you’ll be entitled to either an Amazon, Tesco, Love2Shop or pre-paid Mastercard gift card of up to £100.

This offer previously ended on 9th April 2021 but it has been reinstated. It’s now valid as of 8th June 2021 and will run until further notice.

Virgin Money life insurance with free gift

The amount you receive for your free gift will be based on how much you pay for your monthly premium. The higher the premium, the larger the gift amount.

If your monthly premium is £5 - £19.99 you'll receive a £50 gift card, if you pay £20 - £29.99 it's a £75 gift card. In order to get the full £100 gift card, your monthly premium has to exceed £30 a month.

As with most free gifts, you have to pay 6 months of premiums before you can claim the reward, you also have to be a new Virgin customer.

After you’ve made your 6th monthly payment, you’ll be sent an email to claim your gift. You’ll have 90 days from the date of the email to make your choice.

In the past, Virgin Money has offered their own branded rewards, such as discounts on Virgin holidays, travel, entertainment and Virgin Lounges.

However, after the restrictions on travel were imposed as a result of the COVID-19 pandemic, Virgin Money has changed its free gift incentive to the current offer.

Key points with the Virgin Money life insurance free gift:

  • You have to pay 6 months premiums before you can claim your gift
  • Your monthly premium must be at least £5 to qualify for a gift
  • 1 gift card per policy
  • Qualifying policies must be bought directly through Virgin Money
  • Offer runs from 08/06/2021 until further notice

Website: https://uk.virginmoney.com/virgin/life-insurance/

Smart Insurance - £100 Amazon voucher

Smart Insurance are offering a £100 Amazon voucher to customers who take out a family life insurance policy.

This offer only applies to new Smart Insurance customers and is only valid with a family life insurance policy.

Smart Insurance life insurance with free gift

You'll not be eligible if you take out a guaranteed life insurance policy or a personal accident policy.

You'll receive your gift card once you have paid 6 monthly premiums and the total amount of premiums paid exceeds the gift card amount (£100).

Key points with the Smart Insurance free gift:

  • Offer only applies to family life insurance policies 
  • You must have paid 6 months premiums and the total amount paid must exceed the free gift amount 
  • Only one gift card per policy
  • Free gift is not valid if your policy is purchased with any other gifts or offers
  • No expiry date stated

Website: www.smartinsurance.co.uk

Post Office - £50 M&S, Argos or Amazon gift card

If you take out life insurance with the Post Office, you'll receive your choice of gift card from either M&S, Argos or Amazon for the value of £50.

You’ll need to purchase a Post Office Money life insurance or Post Office Money easy life insurance policy to be eligible for this free gift.

Post Office life insurance with free gift

There is a 180-day qualifying period in which all monthly premium payments must be made in order to claim your gift card.

If you cancel the policy or fail to make your premium payments then you’ll no longer qualify.

Once you have qualified, you’ll be sent an invitation (either by post or email depending on your preference) where you’ll be able to select your chosen gift card.

You can make you choice at any date following receipt of your invitation but no later than 365 days after the commencement date of your policy.

Key points with the Post Office free gift:

  • You’ll be eligible for this gift as long as all premium payments are up to date after the 180-day qualifying period
  • You're limited to 1 free gift per policy
  • Offer is open to UK residents aged 18 - 70
  • You can apply online, by phone or in branch
  • No end date is stated

Website: www.postoffice.co.uk/life-cover/life-insurance

Reassured - £30 Love2Shop gift vouchers, (when you recommend a friend)

At Reassured we're currently offering a £30 Love2Shop gift voucher when you refer a friend and that friend subsequently takes out a life insurance policy through us.

Reassured life insurance with free gift

Once the referred friend has made 3 premium payments and this has been confirmed, we'll send you a claim form, to be returned to us at the voucher due date.

The vouchers will then be sent to you within 3-5 working days.

And the best bit? This offer is unlimited so you can recommend as many friends as you like to claim the £30 vouchers each time.

Key points with our Reassured free gift:

  • The free gift can be claimed once the referred friend has taken out a policy through Reassured
  • The offer is unlimited per friend referred, not per policy
  • The referred friend must have made 3 successful premium payments
  • No expiry date

Cheap life insurance with free gift

The best way to arrange cheap life insurance is to compare quotes from multiple insurers.

However, there are a number of other steps you can take:

  1. Arrange cover as soon as possible to prevent increased premiums due to older age and/or ill-health
  2. Choose the most suitable form of life insurance to avoid paying for more expensive cover than needed
  3. Only arrange the amount of cover you require to avoid paying for more cover than you need
  4. Live a healthy lifestyle to reduce monthly premium costs

As identified, the cost of life insurance usually needs to be on the upper end of the scale to be eligible for the full amount of any free gift.

Therefore, reducing the cost of your monthly premiums may mean you aren't eligible for the free gift.

However, this will likely save you more money over the term of the policy, so it's imperative you weigh up all the options and benefits available.

Simply get in touch today to compare quotes (for free) and secure your best deal.

The most important thing is securing the RIGHT cover

It could be that a free gift is enough of an incentive for you to take out that policy; especially if you've shopped around and the quotes are all similar.

However, we believe the single most important thing is securing a policy that best meets your specific needs, over the entire term.

A free gift is obviously an incentive presented by the insurer for you to take out a policy direct from them.

But, in the long-term, it's usually much more important (and cost-effective) to make sure you secure the right policy, from the best life insurance provider, at the lowest price.

At Reassured we use the information you provide to compare quotes from some of the top insurers in the market on your behalf, (at no cost).

Then we offer you the choice from the best available quotes we identified.

We're an award-winning FCA regulated life insurance broker, here to explain any jargon and help you understand your policy and the application process.

How much cover should I take out?

With some insurers the more you spend, the more expensive your free gift.

This can tempt you into taking out more cover than you actually need to secure the highest value gift.

As discussed above, the most important thing is securing cover that meets your unique needs.

Family life insurance can be used to:

  • Cover your mortgage
  • Pay rising funeral costs
  • Fund family living expenses
  • Ensure your spouse is not forced to return to work
  • Provide an inheritance for loved ones

By adding up factors like these you can work out how much cover you actually require so you won’t be tempted to pay over the odds for cover you don’t need.

Alternatively, you can use our life insurance calculator below to work out your level of cover.

Free gift aside, how much life cover do you need?

Enter your financial commitments to understand the level of cover you require.

?

£121,687 is the estimated average outstanding mortgage per household in the UK.

Our property is generally the largest financial commitment any of us will make.

Your life insurance should cover this significant debt should you no longer be around.

£
?

According to Money Advice Service, full-time childcare in the UK now costs £242 a week.

The loss of a parent could result in the need for additional childcare whilst the surviving parent increases their hours to account for lost income.

Your life insurance cover should factor in this additional required outgoing.

£
?

The average level of debt (minus a mortgage) in the UK is £15,385.

Factoring in any outstanding debts in your name when arranging life insurance ensures this burden is not passed to loved ones.

£
?

You may wish to leave your loved ones an inheritance or lump sum gift upon your passing.

Factoring in the gift amount when arranging your cover will ensure the pay out amount will be sufficient to provide your loved ones with this selfless gesture.

£
?

According to SunLife, the average cost of a UK funeral is now £4,417, whilst the total cost of dying is £9,493.

This is a 130% increase over the past 16 years and shows no signs of slowing down.

A significant cost which should be factored into the amount of life insurance you secure.

£
?

If you are one of the 65% of the UK who are lucky enough to have savings, this could be used as protection if you were to pass away.

Any pay outs from existing life insurance policies and investments can also be used as financial protection for your loved ones if you were no longer around.

Factor this into your required cover amount.

£ -

Your total cover estimate

£ 0

Let us find your best quotes.

Life insurance quotes with free gift

The cost of cover can vary significantly between providers, making it essential to compare quotes to secure the best deal.

Ultimately, securing the right cover to meet your needs should be the main consideration when arranging life insurance, as opposed to the free gift.

Therefore, to compare quotes and arrange the best solution for you, contact our award-winning team.

And the best part...we don't charge you a fee to use our broker service.

Sources:

Please note, if you purchase life insurance through a broker, like Reassured, generally you'll not be entitled to the gift

All gifts are accurate as of the updated date of this webpage 21/04/21 but are subject to change or withdrawal by the provider without notice

https://www.comparethemarket.com/life-insurance/content/with-free-gift/

http://www.directline.com/life-cover

https://www.churchill.com/life-insurance

https://www.vouchercodes.co.uk/aviva.co.uk?rc=6756817

https://www.royallondon.com/promotions/terms-0207/

https://www.beaglestreet.com/

https://www.zurich.co.uk/life-insurance/voucher-offer

https://www.vitality.co.uk/rewards/partners/active-rewards/apple-watch/apple-watch-terms//

https://www.legalandgeneral.com/life-cover/

https://promislife.co.uk/

https://uk.virginmoney.com/virgin/life-insurance/

https://www.smartinsurance.co.uk/

https://www.co-opinsurance.co.uk/life-insurance

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