expanded Overview

Over 50s cover

The Over 50s Life Insurance plan, provided by Legal & General, provides cover for the whole of your life and pays out a cash sum on your death.

Available offer

  • £90 of Nectar points. That’s 18,000 Nectar points. We'll give you them within 60 days after you've paid 5 months' premiums.†
  • We'll double your Nectar points on Sainsbury's shopping and fuel while your policy is valid.‡

Choose from two Over 50s Life Insurance plans

  • Fixed Plan
  • Increasing Plan

For more details on the Over 50s Fixed Life Insurance Plan and the Over 50s Increasing Life Insurance Plan, please view the tabs above. Please ensure the total cash sum you have of all Legal & General Over 50s Life Insurance plans does not exceed £10,000. For existing plans taken out on or before 25 November 2017 please refer to your Policy Terms and Conditions for your total sum assured value.

Benefits of the plans

  • Cover from £5 a month - depending on your age
  • Guaranteed acceptance - if you're aged 50 to 80 and a UK resident
  • No medical
  • Choice - choose the level of cover that suits you
  • Cash sum – paid out after one year if you die, regardless of the cause of death
  • From your 90th birthday – you will stop paying premiums but enjoy cover for the rest of your life

Things you need to know

Fixed and Increasing Plans

  • These plans are not designed to meet the full costs of a funeral, and do not guarantee to do so.
  • A claim can be made after one year - regardless of the cause of death, or within one year due to accidental death. If you die within the first year of starting your plan, for any reason other than accidental death, only the premiums already paid will be returned.
  • Depending on how long you live, the total premiums paid may be greater than the cash sum payable on death.
  • This is not a savings or investment product and has no cash value unless a valid claim is made.
  • If you stop paying your premiums when due, your cover will end 30 days after your missed premium and you won't get anything back.
  • There may be other products available if you want to answer further lifestyle and medical questions.

Fixed Plan only

  • Inflation will reduce the buying power of your cash sum in the future.
  • Flexibility to reduce your premiums if you’ve had your plan for a year and your circumstances have changed. Minimum premium applies.
  • If you choose to reduce your premiums, your cash sum will also be reduced.

Increasing Plan only

  • With the Increasing Plan your cash sum is reviewed each year in line with the change in the Retail Prices Index (RPI). Your premium will also be reviewed each year and it will increase by the change in the RPI, multiplied by 1.5. RPI may not rise at the same pace as funeral costs.
  • If the change in RPI rises to over 10% the maximum increase in your cash sum will be 10% and the maximum increase in your premium will be 15%. If RPI is less than or equal to 0%, there will be no change in the cash sum and premiums will remain the same.
  • If you’re worried you won’t be able to afford the increases in premium, you can decline the increase following your annual review. If you do this the cash sum will remain at the same value from that point, and inflation will reduce its buying power in the future. You won’t be able to increase your cash sum or premium in future years.

Before you apply please make sure you read all the information available including the Policy Summary document.

It’s your responsibility to make sure the policy meets your needs. If you require advice please contact a financial advisor.

Please read our privacy statement before applying. 

Get a quote

To apply by phone please call 0800 197 3373. Lines are open Monday-Friday 8am-8pm and Saturday 9am-5pm. Calls may be monitored and recorded. Calls free from a landline or mobile when calling from the UK.

Offer Terms and Conditions


† Collect £90 of Nectar points 1. This offer is only available when you take out a new Over 50s Life Insurance policy 2. After you’ve paid 5 months’ premiums, we’ll add 18,000 points (worth £90) 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 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.

Fixed Plan

The Over 50s Fixed Life Insurance Plan, provided by Legal & General, offers a simple way to help plan for the future. The plan is designed for people who want to leave a fixed cash sum to give to their loved ones when they die. The monthly premiums are fixed and guaranteed not to increase once the plan starts. The cash sum is also fixed, according to your chosen premium.

Benefits of the Fixed Plan

  • Cover from £5 a month - depending on your age
  • Fixed premiums – so you'll always know how much you're paying
  • Guaranteed acceptance - if you're aged 50 to 80 and a UK resident
  • No medical
  • Cash sum – after one year we'll pay out if you die, regardless of the cause of death
  • After your 90th birthday – you will stop paying premiums but enjoy cover for the rest of your life
  • Flexibility to reduce your premiums - if you’ve had your plan for a year and your circumstances have changed. Minimum premium applies.

Things you need to know

  • The Fixed Plan is not designed to meet the full costs of a funeral, and does not guarantee to do so.
  • A claim can be made after one year - regardless of the cause of death, or within one year due to accidental death. If you die within the first year of starting your plan, for any reason other than accidental death, only the premiums already paid will be returned
  • Depending how long you live, the total premiums paid may be greater than the cash sum payable on death
  • This is not a savings or investment product and has no cash value unless a valid claim is made
  • If you stop paying premiums when due, your cover will end 30 days after your missed premium and you won't get anything back
  • Inflation will reduce the buying power of your cash sum in the future
  • If you choose to reduce your premiums, your cash sum will be reduced.
  • There may be other products available if you want to answer further lifestyle and medical questions.

Before you apply please make sure you read all the information available including the Policy Summary document.

It’s your responsibility to make sure the policy meets your needs. If you require advice please contact a financial advisor.

Please read our Privacy Policy statement before applying.

Get a Quote

To apply by phone please call 0800 197 3373. Lines are open Monday-Friday 8am-8pm and Saturday 9am-5pm. Calls may be monitored and recorded. Calls free from a landline or mobile if calling from the UK.

Offer Terms and Conditions


† Collect £90 of Nectar points 1. This offer is only available when you take out a new Over 50s Life Insurance policy 2. After you’ve paid 5 months’ premiums, we’ll add 18,000 points (worth £90) 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 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.

Increasing Plan

The Over 50s Increasing Life Insurance Plan provided by Legal & General provides a cash sum which increases in line with inflation as measured by the Retail Prices Index (RPI). RPI measures the changing prices of everyday household goods and services like food and energy bills, and shows how inflation rises over the years. Please bear in mind that with the Increasing Plan your premiums will increase over the years.

Benefits of the Increasing Plan

  • Cover from £5 a month - depending on your age
  • Helps protect against inflation – your premiums and cash sum are reviewed each year
  • Guaranteed acceptance - if you're aged 50 to 80 and a UK resident
  • No medical
  • Cash sum – after one year we'll pay out if you die, regardless of the cause of death
  • After your 90th birthday – you will stop paying premiums but enjoy cover for the rest of your life

Things you need to know

  • The Increasing Plan is not designed to meet the full costs of a funeral, and does not guarantee to do so.
  • A claim can be made after one year - regardless of the cause of death, or within one year due to accidental death. If you die within the first year of starting your plan, for any reason other than accidental death, only the premiums already paid will be returned.
  • Depending how long you live, the total premiums paid may be greater than the cash sum payable on death.
  • This is not a savings or investment product and has no cash value unless a valid claim is made.
  • If you stop paying premiums when due, your cover will end 30 days after your missed premium and you won't get anything back.
  • With the Increasing Plan your cash sum increases in line with inflation as measured by the Retail Price Index (RPI). Your premium will also be reviewed each year and it will increase by the change in the RPI, multiplied by 1.5. RPI may not rise at the same pace as funeral costs.
  • If the change in RPI rises to over 10% the maximum increase in your cash sum will be 10% and the maximum increase in your premium will be 15%. If RPI is less than or equal to 0%, there will be no change in the cash sum and premiums will remain the same.
  • If you're worried you won't be able to afford the increases in future, you can decline the increase following your annual review. If you do this the cash sum will remain at the same value from that point, and inflation will reduce its buying power in the future. You won't be able to increase your cash sum or premium in future years.
  • There may be other products available if you want to answer further lifestyle and medical questions.

Before you apply please make sure you read all the information available including the Policy Summary document.

It’s your responsibility to make sure the policy meets your needs. If you require advice please contact a financial advisor.

Please read our Privacy Policy statement before applying.

Get a quote now

To apply by phone please call 0800 197 3373. Lines are open Monday-Friday 8am-8pm and Saturday 9am-5pm. Calls may be monitored and recorded. Calls free from a landline or mobile if calling from the UK.

Offer Terms and Conditions


† Collect £90 of Nectar points 1. This offer is only available when you take out a new Over 50s Life Insurance policy 2. After you’ve paid 5 months’ premiums, we’ll add 18,000 points (worth £90) 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 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.

Compare

The table below lets you compare the Fixed Plan and Increasing Plan, so you can decide which one suits your needs.

Product feature Fixed
Plan
Increasing
Plan
Fixed monthly premiums

Fixed cash sum - if you die after one year of the plan starting

Monthly premiums reviewed each year

Cash sum reviewed each year in line with the change in RPI

Cash sum paid on death to your estate - unless assigned or placed in trust

Inflation will reduce the buying power of the cash sum

These plans are not designed to meet the full costs of a funeral, and do not guarantee to do so.

Before you apply please make sure you read all the information available including the Policy Summary document.

Please read our Privacy Policy statement before applying.

Get a quote now

To apply by phone please call 0800 197 3373. Lines are open Monday-Friday 8am-8pm and Saturday 9am-5pm. Calls may be monitored and recorded. Calls free from a landline or mobile when calling from the UK.

Offer Terms and Conditions


† Collect £90 of Nectar points 1. This offer is only available when you take out a new Over 50s Life Insurance policy 2. After you’ve paid 5 months’ premiums, we’ll add 18,000 points (worth £90) 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 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.

Important
info

Things you need to know

Fixed and Increasing plans

  • These plans are not designed to meet the full costs of a funeral, and do not guarantee to do so.
  • A claim can be made after one year - regardless of the cause of death, or within one year due to accidental death. If you die within the first year of starting your plan, for any reason other than accidental death, only the premiums already paid will be returned.
  • Depending on how long you live, the total premiums paid may be greater than the cash lump sum payable on death.
  • After your 90th birthday you will stop paying premiums but enjoy cover for the rest of your life. With the Increasing Plan your cash sum continues to be reviewed each year in line with change in the RPI.
  • If you stop paying your premiums when due, your cover will end 30 days after your missed premium and you won't get anything back.
  • Please remember this is not a savings or investment product and has no cash value unless a valid claim is made.
  • You can take out more than one plan as long as the total of your cash sum for all plans added together is not greater than £10,000. This includes any existing Legal & General Over 50s Plan you may have. For existing plans taken out on or before 25 November 2017, please refer to your Policy Terms and Conditions for your total sum assured value.
  • There may be other products available if you want to answer further lifestyle and medical questions.

 Increasing Plan only

  • With the Increasing Plan your cash sum is reviewed each year in line with the change in the Retail Prices Index (RPI). Your premium will also be reviewed each year and it will increase by the change in the RPI, multiplied by 1.5. To keep pace with inflation you need to make sure you can meet the premium increases over the years. RPI may not keep up with future rises in funeral costs.
  • If the change in RPI rises to over 10% the maximum increase in your cash sum will be 10% and the maximum increase in your premium will be 15%. If RPI is less than or equal to 0%, there will be no change in the cash sum and premiums will remain the same.
  • If you’re worried you won’t be able to afford the increases in future, you can decline the increase following your annual review. If you do this the cash sum will remain at the same value from that point, and inflation will reduce its buying power in the future. You won’t be able to increase your cash sum or premium in future years.

Fixed Plan only

  • Inflation will reduce the buying power of your cash sum in the future.
  • Flexibility to reduce your premiums if you’ve had your plan for a year and your circumstances have changed. Minimum premium applies.
  • If you choose to reduce your premiums, your cash sum will also be reduced.

Before you apply please make sure you read all the information available including the Policy Summary document.

It’s your responsibility to make sure the policy meets your needs. If you require advice please contact a financial advisor.

Please read our Privacy Policy statement before applying.

Get a quote now

To apply by phone please call 0800 197 3373. Lines are open Monday-Friday 8am-8pm and Saturday 9am-5pm. Calls may be monitored and recorded. Calls free from a landline or mobile if calling from the UK.

Over 50s Life Insurance is provided by Legal & General Assurance Society Limited, Registered Office: One Coleman Street, London, EC2R 5AA (registered in England and Wales no. 166055). Legal & General Assurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Sainsbury's Bank plc, Registered Office, 33 Holborn, London EC1N 2HT (registered in England and Wales, no. 3279730) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Register no. 184514). Sainsbury's Supermarkets Ltd is an appointed representative of Sainsbury's Bank plc.

Offer Terms and Conditions


† Collect £90 of Nectar points 1. This offer is only available when you take out a new Over 50s Life Insurance policy 2. After you’ve paid 5 months’ premiums, we’ll add 18,000 points (worth £90) 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 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.