Over 50 life insurance with free gift

Best over 50 life insurance with free gift 2020

After recently researching the best life insurance with free gift offers, we thought why not do the same for over 50 plans.

We’ve examined all of the over 50 life insurance with free gifts currently available in the UK.

• Legal & General – £100 Amazon or M&S gift card + £135 will-writing subscription
• SunLife – £110 Love2Shop gift card
• Royal London – £100 Argos gift card
• Post Office – £100 Amazon, M&S or Argos gift card
• Direct Line – £100 gift card for Amazon, M&S or Love2Shop
• Sainsbury’s Over 50s Life Insurance – £90 Nectar points & double points
• Churchill – £100 Amazon, M&S or Tesco e-gift card
• Shepherds Friendly – £50 Love2Shop gift card
• Vitality – 40% discount on gym membership & more
• Aviva – £50 M&S gift card

*Please note: this ‘over 50 life insurance with free gift’ article was updated on 09/01/20.

Our article will help you answer:

• Which over 50s life insurance provider is offering the best gift?
• Can you receive a free iPad with an over 50s plan?
• Is everyone entitled to the free welcome gift?
• When are you eligible to claim your free gift?
• Is the value of your free gift dependant on the cost of your premium?

Read on to establish the best over 50s plan free gifts available (and what’s in the small print)…

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Legal & General – £100 Amazon or M&S gift card

Legal & General are offering a £100 Amazon or M&S gift card when you take out their over 50 life insurance.

This offer is only available if you take out a Legal & General over 50s fixed life insurance plan.

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 being entitled to the gift.

You’ll be sent a letter or email 30 days after the start of your policy with details on how to redeem your voucher.

As with all offers, if you miss a premium payment or cancel your policy within the first 6 months you’ll not be entitled to the gift.

Also, this offer is not available to any cashback customers.

If you’ve previously held or cancelled a policy with Legal & General within the past 18 months, you won’t be eligible.

Lastly, you have 12 months from the start of your policy to claim your chosen gift card.

Alongside this free gift, Legal and General also offer a £135 Farewill subscription.

This allows you 12 month access to the service where you can create a will to specify you wishes upon your passing.

Key points with Legal & General £100 free gift:

• You have to pay 6 months premiums before you can claim your gift
• Only 1 person per policy is eligible
• Cashback customers are excluded from this offer
• You have 12 months from your policy start date to claim your gift
• No cash alternative offered
• For policies taken out on or before 31/03/20.

Claim it here: www.legalandgeneral.com/life-cover/over-50s/

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SunLife – £110 Love2Shop gift card

SunLife’s Guaranteed Over 50 Plan is the most recognisable policy in the senior life insurance market.

In part due to the Michael Parkinson and Alan Titchmarsh TV adverts.

They’re currently offering new customers a £110 Love2Shop gift card.

Love2Shop gift cards are accepted at over 150 UK brands, including Argos, M&S, Currys, Mothercare and Boots.

Previously, SunLife had offered a £85 Love2Shop gift card and this was increased to £100 in August 2019.

You’ll not receive the gift card until you’re 6 months into the policy.

Key points with the SunLife offer:

• The gift will be sent after 6 months premiums paid
• You’re entitled to the £110 gift card if you apply either online or by phone
• May not be able to receive the welcome gift if you have previously held and cancelled a Sunlife policy
• No cash alternative offered
• Expiry date not stated.

Claim it here: www.sunlife.co.uk/life-cover/over-50-life-insurance/welcome-gift/

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Direct Line – Up to £100 gift card or e-gift card for Amazon, M&S or Love2Shop

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.

The gift card will be issued after you’ve paid your premiums for 6 months.

You’ll be sent communications 30 days or more from the start of the policy on how to redeem your gift.

You’ll receive a further ‘choice message’ from which point you’ll have 6 months to redeem your gift. After this period you’ll no longer be eligible.

Key points with Direct Line free gift:

• You have to pay 6 months premiums before you can claim your gift
• Cashback customers are excluded
• You’re limited to 1 gift card per policy
• No cash alternative offered

Claim it here: www.directline.com/life-cover/over-50s

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Royal London – £100 Argos gift card

Royal London are currently offering a £100 Argos gift card for new customers taking out an over 50s plan. 

Your premium must cost at least £7 a month and you have to have paid 6 months of premiums before being eligible.

You need to provide your email so that after your 6th payment they can send you instructions for how to redeem your gift card online.

You’ll not be eligible if you’ve previously taken out or cancelled a policy with Royal London in the past 12 months.

You’ll typically receive your gift card 4 to 5 weeks after you’ve made your 6th monthly payment (and redeemed online).

If you don’t make your gift choice selection and/or redeem your e-gift code within 90 days, you’ll no longer be able to claim a gift.

Key points with the £100 Royal London offer:

• You’ll have to pay 6 months premiums before being eligible
• Limited to 1 per policy and 2 per household
• If you don’t redeem your gift within 90 days you’re no longer eligible
• No cash alternative offered
• For policies taken out before 28/02/20.

Claim it here: www.royallondon.com/life-insurance/over-50-life-insurance/

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Post Office – £100 Amazon, M&S or Argos gift card

The Post Office are currently offering a £100 gift card for Amazon, M&S or Argos for new customers taking out over 50s life insurance through them, which is provided by Royal London. 

You have to have paid 6 months of premiums before being eligible, however there is no minimum monthly premium.

Once you have taken out the policy, you’ll be contacted by post or email with instructions for how to redeem your gift card online or by phone.

Your gift card will be sent by post, 28 days after you have chosen the gift you wish to receive.

If you don’t make your gift choice selection 365 days, you’ll no longer be able to claim a gift.

Key points with the £100 Post Office offer:

• You’ll have to pay 6 months premiums before being eligible
• Limited to one free gift per policy
• If you don’t redeem your gift within 365 days you’re no longer eligible
• No cash alternative offered
• For policies taken out between 09/01/2020 and 29/03/20.

Claim it here: https://www.postoffice.co.uk/life-cover/over-50s-life-cover

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Sainsbury’s Over 50s Life Insurance – £90 Nectar points & double points

When you take out over 50s life insurance with Sainsbury’s (provided by Legal & General), you can benefit from a one-off bonus of £90 worth of Nectar points.

You’ll receive the 18,000 Nectar points within 60 days of paying your 5th monthly premium.

You can also earn double Nectar points on your Sainsbury’s shopping and fuel purchases.

You start earning double Nectar points from the start of your policy, as long as you’ve provided your Nectar card number.

Key points with Sainsbury’s free gift:

• You’ll receive your Nectar points after paying 5 months of premiums
• Earn double Nectar points from your policy start date
• Sainsbury’s will add your 18,000 Nectar points within 60 days of receiving your 5th premium
• Limited to 2 gifts per household within a 12 month period
• You need to inform Sainsbury’s of your Nectar number on application
• No cash alternative offered
• No expiry date stated.

Claim it here: www.sainsburysbank.co.uk/life-insurance/over-50

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Churchill – £100 Amazon, M&S or Tesco e-gift card

Churchill are offering a £100 e-gift card with 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 is not 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 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 over 50s life insurance
• 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.

Claim it here: www.churchill.com/life-insurance/over-50s

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Shepherds Friendly – £50 Love2Shop gift card

Shepherds Friendly are currently offering a £50 Love2Shop gift card when you take out their over 50 plan.

The value of your gift card you receive is not tiered; you’ll receive the full £50 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.

As mentioned above, Love2Shop gift cards are accepted at over 150 retailers, including Argos, M&S and Boots.

Key points with Shepherds Friendly free gift:

• You have to pay 6 months premiums before being eligible
• A voucher code is sent to you via email
• You’ll only receive a voucher code if you provide a valid email
• This offer is only available to new customers
• Limited to 1 gift per policy
• Cashback customers are excluded from this offer
• No cash alternative offered
• No expiry date stated.

Claim it here: www.shepherdsfriendly.co.uk/plans/insurance/over-50-life-insurance

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Vitality – 40% discount on gym membership & more

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.

It’s possible through Vitality over 50s life cover to get 40% off a gym membership at Virgin Active.

You can also receive a discount on Polar and Garmin devices, enabling you to track your activity.

Lastly, you can earn weekly rewards from the like of Starbucks Coffee, Cineworld or Vue.

However, to enjoy these benefits you’ll need to pay at least £30 a month on your premium, as well as subscribe to their Vitality or Wellness Optimiser.

The Optimisers will cost you an additional £4.50 per month.

Key points with Vitality free gift:

• Your premium must be £30 or more
• You need to subscribe to the Vitality or Wellness Optimiser
• Gym joining fees will still be applicable
• Join your local (participating) gym straight away
• Earn Vitality Points attending the gym
• No cash alternative offered
• No expiry date stated.

Claim it here: www.vitality.co.uk/life-insurance/over-50s/

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Aviva – £50 M&S gift card

If you take out an over 50s plan with Aviva, they’ll give you £50 worth of M&S vouchers.

You’d be eligible for this offer after you have paid the 4th premium of your policy. Not the 6th premium, as with most of the offers we identified.

However, you’ll only be eligible for one free gift in a 12 month period, even if you purchase multiple products through Aviva.

You’d need to take out the policy online and directly with Aviva themselves.

Key points with Aviva’s free gift;

• No cash alternative offered
• One voucher per person in a 12 month period
• You will not be eligible if you have cancelled a policy with Aviva previously within the last 12 months
• No expiry date stated.

Claim it here: www.aviva.co.uk/insurance/life-products/over-50-life-insurance/

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

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.

Key points with Reassured free gift:

• Number of claims is unlimited
• Eligible once referred friend has taken out a policy and made 3 premium payments
• No expiry date.

Secure the right over 50s plan, (not just the best free gift)

So there you have it, the best over 50 life insurance with free gift offers 2020.

It’s possible that a free welcome gift is enough of an incentive for you to take out a particular plan.

However, 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 search the life insurance market on your behalf, at no cost.

Then we present back to you the best available quotes we identified.

We’re an award-winning and FCA registered brokerage, here to help you save both time and money.

Simply get in touch today to arrange your perfect cover, at the very best price.

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

Sources:

https://www.legalandgeneral.com/life-cover/over-50s/marks-and-spencer/

https://www.sunlife.co.uk/life-cover/over-50-life-insurance/welcome-gift/

https://www.directline.com/life-cover/over-50s

https://www.royallondon.com/promotions/terms-Nov08/

https://www.sainsburysbank.co.uk/life-insurance/index

https://www.churchill.com/life-insurance/over-50s

https://www.shepherdsfriendly.co.uk/l2s-terms-and-conditions

https://www.vitality.co.uk/life-insurance/over-50s/

https://www.aviva.co.uk/insurance/life-products/over-50-life-insurance/