Over 50s Life Insurance Plan

Knowing your loved ones could be provided for after you've gone is a comforting thought. Sainsbury's Over 50s Life Insurance Plan, provided by Legal & General, can help you plan for the future by paying out a small fixed cash lump sum on your death. The cash lump sum is paid if you die at least two years after starting the plan. If you die within the first two years we will not pay the cash sum but we will return all the premiums paid. However if you die as a result of an accident we will pay the cash sum (subject to terms and conditions).

• Receive a £50 Sainsbury's voucher if you take out a policy online by 31st March 2010*
• No medical or health questions to answer when you apply
• Guaranteed acceptance if you're 50 to 74 years old and a UK resident
• Cover starts from just £8 a month
• You choose how much cover to have based on our rate table, (PDF 113KB) or choose from a number of set premiums to suit your gender and age
• Your premiums will never go up once you've taken out cover
• Cover increases by 10% after five years with no increase in premiums
• You stop paying premiums at 90, but your cover continues for the rest of your life.

Over 50s Life Insurance Plan - important things you need to know, please ensure you read

• Depending on how long you live you may pay in more than the cash lump sum paid out
• Lump sum cash payment if you die two years after your plan starts
• Full refund of all premiums if you die from any cause except an accident within the first two years
• Full lump sum cash payment if you die as a result of an accident within the first two years. Subject to terms and conditions.
• If you stop paying premiums when they are due the plan will be cancelled and you won't get anything back. You should therefore choose an amount of premium you can afford now and in the future.
• Inflation will, over time, reduce the value of the cash lump sum paid out
• You can help make sure the cash lump sum reaches the people you would like it to by placing the plan in a trust
• There is no cash-in value at any time.

Please read our privacy statement before proceeding.

Please also ensure that you have read the policy summary document before you apply. This is an important document which you must read, to make sure the policy meets your needs.

Please note, by buying direct you alone are wholly responsible for deciding whether this plan meets your needs.

To apply by phone please call 0800 197 3373 quoting reference SBOVER50.

Calls may be recorded and monitored. Lines are open 8am-8pm Monday to Friday and 9am-5pm Saturday.

*Take out Sainsbury’s Over 50s Life Insurance online by 31st March 2010 inclusive and receive a £50 Sainsbury’s voucher. If all conditions are met, your voucher is paid once a minimum of three months consecutive premiums are successfully collected. We reserve the right to cancel any policies should we discover or suspect the terms of the offer are being abused. Offer only available to new Over 50s Life Insurance customers, limited to one application per customer and cannot be exchanged for cash or used in conjunction with any other offer, promotion or coupon. We may withdraw or amend the offer at any time. Employees of Legal & General cannot take advantage of this offer.

Sainsbury's Supermarket Ltd is an appointed representative of Sainsbury's Bank plc.

Sainsbury's Bank plc provide information to allow you to choose our Insurance and will pass your call, name or application to the appropriate partner. Sainsbury's Bank plc, Registered Office, 33 Holborn, London EC1N 2HT (registered in England, no. 3279730) is authorised and regulated by the Financial Services Authority (FSA). Sainsbury's Over 50's Life Insurance Plan is provided by Legal & General Assurance Society Limited (registered in England, no. 166055).

Legal & General do not provide advice or personal recommendations on this product. If you are unsure of the suitability of this product for your needs, please contact your financial adviser.

A simple way to help plan for the future

Giving your family a helping hand towards your funeral costs could be taken care of simply with Sainsbury's Over 50s Life Insurance plan.

• Enjoy cover for the whole of your life
• Lump sum cash payment if you die two years after your plan starts
• Full refund of all premiums if you die from any cause except an accident within the first two years
• Full lump sum cash payment if you die as a result of an accident within the first two years. Subject to terms and conditions.
• Make no more payments once you reach 90 but enjoy cover for the rest of your life
• You choose how much cover to have based on our rate table, (PDF 113KB) or choose from a number of set premiums to suit your gender and age

Make sure you're eligible for the cash lump sum

There are some cases where the cash lump sum will not be paid out. You can find out more about this in our policy summary (PDF 58KB) section.

You should also know

• The maximum combined premium you can pay is £48 a month
• The maximum combined lump sum you can apply for on the Sainsbury's Over 50s Life Insurance Plan is £20,000

To help you choose an amount of cover, based on the premium you can afford, please see the rate table (PDF 113 KB).

To apply by phone please call 0800 197 3373 quoting reference SBOVER50.

Calls may be recorded and monitored. Lines are open 8am-8pm Monday to Friday and 9am -5pm Saturday.

Sainsbury's Supermarket Ltd is an appointed representative of Sainsbury's Bank plc.

Sainsbury's Bank plc provide information to allow you to choose our Insurance and will pass your call, name or application to the appropriate partner. Sainsbury's Bank plc, Registered Office, 33 Holborn, London EC1N 2HT (registered in England, no. 3279730) is authorised and regulated by the Financial Services Authority (FSA). Sainsbury's Over 50s Life Insurance is provided by Legal & General Assurance Society Limited (registered in England, no. 166055).

Legal & General do not provide advice or personal recommendations on this product. If you are unsure of the suitability of this product for your needs, please contact your financial adviser.

See the policy summary online

You can download and print the policy summary with Adobe Acrobat.  Get Adobe Reader.

To read the policy document with a screen reader, visit the Access Adobe website. Or use Adobe’s online conversion tool for pdfs.

Policy document

It is important you read the policy summary:
  
Policy summary document Sainsburys Over 50s Life Insurance Plan (PDF 58KB)
 
Sainsbury's Over 50s Life Insurance Plan is provided by:
Legal & General

You choose how much cover to have based on our rate table (PDF 113KB), or choose from a number of set premiums to suit your gender and age.

 
Want to find out more about Sainsbury's Over 50s Life Insurance Plan? Why not give us a call or alternatively, send us an email.

Sainsbury's Over 50s Life Insurance Plan is provided by
Legal & General.

Who to call

for an instant quote or to arrange cover

0800 197 3373 8am-8pm, Mon-Fri 9am-5pm, Sat

 

You choose how much cover to have based on our rate table (PDF 113KB), or choose from a number of set premiums to suit your gender and age.

Telephone calls may be recorded for security purposes and monitored

Sainsbury's Over 50s Life Insurance Plan terms and conditions

Please read our policy summary (PDF 58KB), full terms and conditions will be sent after the application.

Sainsbury's Over 50s Life Insurance Plan is provided by: 
Legal & General who do not provide advice or personal recommendations on this product. If you are unsure of the suitability of this product for your needs, please contact your financial adviser.

Sainsbury's Bank is a Registered Trademark of Sainsbury's Bank plc. Registered Office: 33 Holborn, London, EC1N 2HT. A company incorporated in England No. 3273730. Sainsbury's Bank plc is authorised and regulated by the Financial Services Authority (FSA).

You choose how much cover to have based on our rate table (PDF 113KB), or choose from a number of set premiums to suit your gender and age.