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What is life insurance?

Life insurance provided by Legal & General is a straightforward way to give your family a financial safety net. If you die during your policy term, your family could get a cash sum to help towards paying off debts, bills and other expenses.

Why choose Sainsbury's Bank?

When you take out a new life insurance policy, and are a Nectar member, you’ll get:

  • Double Nectar points on Sainsbury's shopping and fuel while your policy is valid ‡
  • Up to £90 of Nectar points†

The number of Nectar points you receive depends on the type of policy and your monthly premium.

Life Insurance and Decreasing Life Insurance
  • If your monthly premium is under £8.50, we'll give you 10,000 points (worth £50)
  • If your monthly premium is £8.50 - £20.00, we'll give you 14,000 points (worth £70)
  • If your monthly premium is over £20.00, we'll give you 18,000 points (worth £90)
Over 50s Life Insurance
  • We’ll give you 18,000 points (worth £90) when you take out any Over 50s life insurance policy

You'll receive your points within 60 days after you have paid 5 months' premiums.

Pick the right cover for you:

Life insurance

A simple way to help you protect your family and their finances when you're gone, with a fixed cash sum.

Or help protect your repayment mortgage with Decreasing Life Insurance.

Over 50s life insurance

Leave your family a cash sum which could be used towards funeral costs or as a gift with over 50s life insurance.

Existing customers

Already got life insurance? Go to our customer support page for information on how to make a claim and answers to our FAQs.

Look after your loved ones

Whether you want to leave them a cash gift or help protect your mortgage, there’s a policy to suit you. For more information about how life insurance works, take a look at our FAQs page.

Help protect your mortgage with Decreasing Life Insurance

Decreasing Life Insurance is a little different to other types of life insurance. It’s designed to help pay off your outstanding repayment mortgage if you die during your policy term. Because of this, the amount you're covered for slowly decreases over time. This is roughly in line with the way a repayment mortgage decreases. For more information take a look at our Decreasing Life Insurance page.

Add Critical Illness Cover

Critical illness cover is an optional extra that you can add when you take out Life Insurance or Decreasing Life Insurance. More people survive critical illnesses than ever before. This additional cover could pay a lump sum to help you recover or adjust to life if you are diagnosed with or undergo a medical procedure for one of Legal & General's specified critical illnesses during the length of your policy and you survive for 14 days from diagnosis. For more information, take a look at the Critical Illness Cover page.

Leave your family a cash sum with over 50s life insurance

Over 50s life insurance is designed to pay a cash sum that can be used as a gift or towards funeral costs. As long as you keep paying premiums, when due, your family could be paid a lump sum to help when you’re gone.

Offer Terms and Conditions

† Collect up to £90 of Nectar points - 1. This offer is only available when you take out a new life insurance, decreasing life insurance or over 50s life insurance policy. 2. After you've paid 5 months' premiums, you'll receive 18,000 Nectar points (worth £90) if your monthly premium is over £20.00, 14,000 points (worth £70) if your monthly premium is £8.50 - £20.00 or 10,000 points (worth £50) if your premium is under £8.50. If you’ve taken over 50s life insurance, we’ll add 18,000 points. We’ll add the points to your Nectar account within 60 days unless your policy is cancelled during this period. 3. You need to tell us your Nectar card number when you apply 4. We'll award points for no more than 2 policies per household in any 12 month period. 5. Sainsbury's Supermarkets Ltd award the points from this offer. No cash alternative is available. 6. We reserve the right to change or cancel this offer without notice.

‡ Double Nectar points  offer – 1. Offer available to customers buying a new life insurance, decreasing life insurance or over 50s life insurance policy. 2. You need to tell us your Nectar card number when you apply; and scan or swipe that card, or input your card number, with each Sainsbury’s purchase. 3. Double points begin on your policy’s cover start date. If you tell us your Nectar card number after your cover start date, double points begin on the date you tell us. 4. Double points stop when the policy is cancelled or you stop paying premiums. 5. Each Nectar account can only collect points from one life insurance policy. 6. It’s only the base points you collect at Sainsbury’s that are doubled. Bonus points won’t be doubled, nor will any points from Argos, Habitat, Sainsbury’s Bank (including travel money purchases), Sainsbury’s Energy or any other Sainsbury’s service. 7. By the 10th of each month, you’ll get a bonus point award equal to the total of your qualifying points during the previous month, up to a maximum of 20,000 points. 8. Sainsbury's Supermarkets Ltd award the points from this offer. No cash alternative is available.  9. We reserve the right to change or cancel this offer without notice.