Everybody loves a freebie and there are plenty of rewards…
The top 10 over 50 life insurance with free gift offers currently available include:
*This ‘over 50 life insurance with free gift’ article was updated on 08/11/23. Offers are subject to change or withdrawal by the provider without notice. In order to be entitled to the free gift you will need to purchase the cover directly from the insurer. Reassured do not work with all the providers mentioned in this article
British Seniors are offering a thank you gift with their over 50s life insurance in the form of a £135 gift card for either M&S, Tesco or Amazon.
To qualify for this free gift offer, you must be a new customer of British Seniors.
You’ll be eligible to claim once 6 monthly premiums have been paid and once the total of your premiums paid exceeds the value of the gift card (£135).
Unlike a lot of free gift offers, if you have secured a joint policy, both partners will be eligible for the offer.
Key points with the British Seniors £135 free gift:
Cover Today are offering new policy holders a £125 gift card for either Amazon, M&S or Tesco.
After the purchase of a qualifying policy, you’ll be contacted to make your gift card selection.
You’ll need to make 6 monthly premium payments (and the value of the premiums paid must exceed the value of the gift card) in order to receive the gift card.
Once you’re eligible, you’ll be sent the gift card by email or post.
This offer is only valid on policies bought directly from Cover Today, if you purchase a policy from a third party (such as a comparison site or broker) you won’t be eligible to claim the gift.
Key points with the Cover Today £125 free gift:
Shepherds Friendly are currently offering a £125 Love2Shop gift card when you take out their over 50 life insurance.
The value of the gift card you receive is not tiered; you'll receive the full £125 gift card regardless of the cost of your premiums.
As with the majority of gift cards we identified, you'll only qualify for the gift after paying your 6th monthly premium.
The Love2Shop gift cards will be sent to you in an email after confirming your 6th payment.
Love2Shop gift cards are accepted at over 150 retailers, including Argos, M&S and Boots.
Key points with the Shepherds Friendly £125 free gift:
Legal & General are offering a £120 Amazon, M&S or Argos gift card when you take out their over 50 fixed life insurance.
You're eligible for the gift whether you take out your policy online, by post or over the telephone.
As with most of the offers we found, you have to pay in 6 months’ worth of premiums before you can claim your free gift.
You'll be sent a letter or email up to 60 days after the start of your policy with details on how to redeem your voucher.
If you miss a premium payment or cancel your policy within the first 6 months, you'll no longer be entitled to the gift.
If you've previously held or cancelled a policy with Legal & General within the past 18 months or are a cashback customer, you won't be eligible.
Lastly, you have 12 months from the start of your policy to claim your chosen gift card.
Key points with the Legal & General £120 free gift:
SunLife's Guaranteed Over 50 Plan is the most recognisable policy in the senior life insurance market.
They're currently offering a £110 Love2Shop gift card as part of their welcome pack for new customers who shop with them directly.
Love2Shop enables you to shop at hundreds of high street shops and online, including M&S, Argos, and Boots. See here the full range of where you can spend a Love2Shop gift card.
As a new customer you’ll also receive free entry to SunLife’s Big Cash Draw with a chance to win £10,000 (the draw runs every other month until March 2024), as well as a free SunLife pen.
All applicants who are eligible for this gift will receive a £110 voucher, entry to the prize draw and a free pen. The value of the gift you receive isn’t dependent on the cost of your monthly premium.
You’ll need to have made 6 premium payments in order to claim these free gifts. If you stop paying your premiums or cancel your policy before 6 months has passed, you’ll no longer qualify for this gift.
This offer is available to new customers who purchase a policy directly from SunLife. You’ll simply need to let them know that you’d like to receive this free welcome gift when you take out your policy.
Key points with the SunLife £110 free gift:
Direct Line are currently offering a £100 gift card from either Amazon, M&S or Love2Shop.
Unlike their term-based life insurance offer, the value of the gift card isn't influenced by the cost of your premium.
You’ll be entitled to the £100 gift card regardless of how much your policy costs.
Once you have paid 6 months premiums, you’ll be contacted with details on how to make your gift card selection.
You’ll then have a further 6 months to claim your gift card. Any selection made after this time won’t qualify.
Direct Line over 50 life insurance is actually provided by AIG.
If you’ve previously taken out AIG life insurance, received a gift and then cancelled the policy, you won’t qualify.
Key points with the Direct Line £100 free gift:
Churchill are offering a £100 e-gift card for either Amazon, M&S or Tesco when you take out their over 50s plan.
As with most insurers, this gift card is issued after you've paid your premiums for 6 consecutive months.
Unlike their term life insurance offer, the value of the gift card isn't dependant on the cost of your monthly premium.
Churchill over 50s life insurance is provided through AIG, (having previously worked with Legal & General).
Therefore, if you've previously cancelled an AIG policy, you won't qualify for this free gift.
Key points with the Churchill £100 free gift:
Claim it here: www.churchill.com/life-insurance/over-50s
Post Office are offering a £100 gift card as a thank you gift to new customers who take out their over 50s life insurance.
You have the option to choose between a £100 gift card for M&S, Tesco or Amazon.
Once a policy has been taken out, you’ll need to have retained the policy and made all necessary monthly payments for the 180 day qualifying period in order to benefit from this offer.
You’ll be contacted by post or email with an invitation to choose your gift. You can choose your gift at any time after receiving the invitation but no later than 365 days after your policy start date.
Once you have made your selection, the gift card should be with you within 28 days of the 180 day qualifying period. You won’t receive the gift card until you have made your selection.
If you cancel your policy within the first 30 days, you’ll be refunded any premiums you’ve paid but will no longer qualify for this gift.
Key points with the Post Office £100 free gift:
Claim it here: www.postoffice.co.uk/life-cover
Vitality offers a very different proposition to other insurers in the UK.
Their commendable marketing approach is to incentivise you to make positive lifestyle changes, to improve your health.
Therefore, if you want to live a healthier lifestyle, this could be a good option.
When taking out over 50s life insurance through Vitality, you’ll have access to a range of rewards and discounts.
The current deals available through Vitality include:
Key points with the Vitality free gift:
Claim it here: www.vitality.co.uk/life-insurance/over-50s/
Foresters Friendly are offering an eGift card with the value of £35 which can be used with over 200 UK brands.
Unlike many other office mentioned, you’ll only need to make 3 monthly premium payments to qualify for this gift.
You’ll receive your gift card up to 6 weeks after your third monthly premium payment and you must provide an email address for the eGift card to be sent to.
If you cancel your policy before 3 premium payments have been made, you’ll no longer qualify.
Key points with the Foresters Friendly £35 free gift:
When you refer a friend to our brokerage services, we'll reward you with a £30 Love2Shop gift voucher.
It'll require the person you've referred to take out a policy with us and make 3 premium payments before you're eligible.
Once this has been confirmed, you'll receive a claim form which will need to be returned to redeem your voucher.
You'll then receive your voucher within 3 - 5 working days.
This offer is unlimited, meaning you can recommend as many friends as you like and redeem £30 for each one.
So there you have it, the best over 50 life insurance with free gift offers 2023.
It's possible that a free welcome gift is enough of an incentive for you to take out a particular plan.
However, remember that you will need to purchase from the insurer directly to be entitled to the gift.
Generally, the most important thing is securing the over 50s plan that best meets your unique needs and budget.
In the long run, financially, it’s usually much more important to make sure you secure the right policy at the best price.
Reassured use the information you provide to compare over 50s quotes from UK leading providers SunLife and One Family, at no cost.
Then we present back to you the best available quotes we identified.
We’re an award-winning and FCA-regulated life insurance broker, here to help you save both time and money.
Simply get in touch today to arrange your perfect cover, at the very best price.
Please note, if you purchase life insurance through a broker, like Reassured, you will not be entitled to the gift
All gifts are accurate as of the updated date of this webpage 08/11/23 but are subject to change or withdrawal by the provider without notice
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