expanded Overview

Cover from £5 per month

Decreasing Life Insurance aims to protect a repayment mortgage, so the amount of cover reduces roughly in line with the way a repayment mortgage decreases. It could pay out a cash sum if you die during the length of your policy. For added peace of mind, you can add Critical Illness Cover at an additional cost when you take out your Life insurance or Decreasing Life insurance policy.

Get a quote

Available offer

  • £70 worth of Nectar Points for new customers**
  • Double Nectar points at Sainsbury's for 2 years†

Additional benefits of Sainsbury's Life Insurance

  • Choice - you choose the amount and length of cover
  • Flexibility - increase your cover as your lifestyle changes (conditions apply)
  • Joint cover option - for you and your partner
  • Lower premiums - for non-smokers
  • UK based call centres - with a designated member of Legal & General's specialist team to manage your claim

Summary of features

  • Your policy could pay out a cash sum if you die during the length of the policy
  • The cash sum will remain the same throughout the length of the policy
  • Your monthly payments will also remain the same, unless you alter your policy
  • Additional Benefits including Terminal illness cover and Accidental Death Benefit
  • Please see the Policy Summary [PDF 147KB] for full terms and conditions

Replacement cover

If you make a claim on a joint life policy the policy will come to an end and the cash sum will be paid. The person who hasn't made a claim can set up replacement cover without having to go through full underwriting. Terms and conditions apply, please refer to the Terms and Conditions Document for more information.

How much cover?

Not sure how much life cover you need - our online life insurance calculator could help you decide in four easy steps. Try it now.

Terms and conditions apply. Please see the Policy Summary [PDF 147KB].

Offer Terms and Conditions

**The £70 worth of Nectar points offer is an introductory offer available to customers who purchase direct from Sainsbury’s Bank’s website or by phone a new Sainsbury's Bank Life Insurance plan, Decreasing Life Insurance plan (with or without Critical Illness) or Over 50s Life Insurance plan from 16 February 2017. 14,000 Nectar points, the equivalent of £70, will be automatically credited to your Nectar account after you have paid five months’ premiums, as long as your plan is still in force and no premiums are outstanding.

One set of Nectar points per plan sold, limited to two per household in a 12 month period. Legal & General reserves the right to cancel any plans should they suspect fraud or misconduct. Sainsbury's Bank reserves the right to withdraw or amend this offer at any time, without notice. No cash alternative available.

You need to tell us your Nectar card number when you apply. The Nectar loyalty programme is run by Aimia Coalition Loyalty UK Ltd. The Nectar Collector Rules detail how to collect and use points. You can find these in the Nectar registration pack and at nectar.com.
†Double Nectar Points 1. Offer only available to customers who buy a new Life Insurance, Decreasing Life Insurance (with or without Critical Illness) or Over 50s Life Insurance direct from Sainsbury’s Bank 2. You must continue to pay policy premiums for two years to continue collecting double points. 3. If the policy is cancelled, double points stop from the cancellation date. 4. Only the first Life Insurance, Decreasing Life Insurance (with or without Critical Illness) or Over 50s Life Insurance insurance policy registered against each Nectar account will qualify for double points.5. You collect base points when you shop as normal. Then, by the 10th of each month, we’ll give you a bonus equal to the total of the base points you collected the previous month while you held the policy, up to a maximum of 1,250 points. We’ll do this for up to 24 months from the start date of your policy. We won’t double any bonus points, any points from other offers, or points from Sainsbury’s Energy, Telecoms, Bank and all other Sainsbury’s services. 6. The monthly bonus will only be calculated on, and credited to the Nectar card nominated at the time of application. The nominated card must also be used at the time of each Sainsbury's purchase and points will not be allocated retrospectively. 7. Nectar points are awarded to you by Sainsbury's Supermarkets Ltd. The Nectar loyalty programme is run by Aimia Coalition Loyalty UK Ltd. The Nectar Collector Rules detail how to collect and use points. You can find these in the Nectar registration pack and at nectar.com 8. Sainsbury's Bank reserves the right to alter, cancel or withdraw the offer without prior notice 9. No cash alternative available.

Additional Cover

We offer the following at an additional cost:

Critical illness cover

Add Critical Illness Cover when you take out your life insurance policy and you could receive a cash sum if you are diagnosed with one of the specified conditions. Your children will also be covered at no additional cost††.

Waiver of premium

This benefit waives your premiums if you’re unable to work due to incapacity caused by illness or injury. After 26 weeks, we’ll waive your monthly payments, giving you one less thing to think about††.

††Terms and conditions apply. Please see the Policy Summary [PDF 147KB]. 

Offer Terms and Conditions

The £70 worth of Nectar points offer is an introductory offer available to customers who purchase direct from Sainsbury’s Bank’s website or by phone a new Sainsbury's Bank Life Insurance plan, Decreasing Life Insurance plan (with or without Critical Illness) or Over 50s Life Insurance plan from 16 February 2017. 14,000 Nectar points, the equivalent of £70, will be automatically credited to your Nectar account after you have paid five months’ premiums, as long as your plan is still in force and no premiums are outstanding.

One set of Nectar points per plan sold, limited to two per household in a 12 month period. Legal & General reserves the right to cancel any plans should they suspect fraud or misconduct. Sainsbury's Bank reserves the right to withdraw or amend this offer at any time, without notice. No cash alternative available.

You need to tell us your Nectar card number when you apply. The Nectar loyalty programme is run by Aimia Coalition Loyalty UK Ltd. The Nectar Collector Rules detail how to collect and use points. You can find these in the Nectar registration pack and at nectar.com.
Double Nectar Points 1. Offer only available to customers who buy a new Life Insurance, Decreasing Life Insurance (with or without Critical Illness) or Over 50s Life Insurance direct from Sainsbury’s Bank 2. You must continue to pay policy premiums for two years to continue collecting double points. 3. If the policy is cancelled, double points stop from the cancellation date. 4. Only the first Life Insurance, Decreasing Life Insurance (with or without Critical Illness) or Over 50s Life Insurance insurance policy registered against each Nectar account will qualify for double points.5. You collect base points when you shop as normal. Then, by the 10th of each month, we’ll give you a bonus equal to the total of the base points you collected the previous month while you held the policy, up to a maximum of 1,250 points. We’ll do this for up to 24 months from the start date of your policy. We won’t double any bonus points, any points from other offers, or points from Sainsbury’s Energy, Telecoms, Bank and all other Sainsbury’s services. 6. The monthly bonus will only be calculated on, and credited to the Nectar card nominated at the time of application. The nominated card must also be used at the time of each Sainsbury's purchase and points will not be allocated retrospectively. 7. Nectar points are awarded to you by Sainsbury's Supermarkets Ltd. The Nectar loyalty programme is run by Aimia Coalition Loyalty UK Ltd. The Nectar Collector Rules detail how to collect and use points. You can find these in the Nectar registration pack and at nectar.com 8. Sainsbury's Bank reserves the right to alter, cancel or withdraw the offer without prior notice 9. No cash alternative available.

Important info

Important information

It is your responsibility to make sure the policy meets your needs. If you require advice please contact a financial advisor. The Policy Summary [PDF 147KB] is an important document, which you should read before applying.

Sainsbury’s 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

The £70 worth of Nectar points offer is an introductory offer available to customers who purchase direct from Sainsbury’s Bank’s website or by phone a new Sainsbury's Bank Life Insurance plan, Decreasing Life Insurance plan (with or without Critical Illness) or Over 50s Life Insurance plan from 16 February 2017. 14,000 Nectar points, the equivalent of £70, will be automatically credited to your Nectar account after you have paid five months’ premiums, as long as your plan is still in force and no premiums are outstanding.

One set of Nectar points per plan sold, limited to two per household in a 12 month period. Legal & General reserves the right to cancel any plans should they suspect fraud or misconduct. Sainsbury's Bank reserves the right to withdraw or amend this offer at any time, without notice. No cash alternative available.

You need to tell us your Nectar card number when you apply. The Nectar loyalty programme is run by Aimia Coalition Loyalty UK Ltd. The Nectar Collector Rules detail how to collect and use points. You can find these in the Nectar registration pack and at nectar.com.
Double Nectar Points 1. Offer only available to customers who buy a new Life Insurance, Decreasing Life Insurance (with or without Critical Illness) or Over 50s Life Insurance direct from Sainsbury’s Bank 2. You must continue to pay policy premiums for two years to continue collecting double points. 3. If the policy is cancelled, double points stop from the cancellation date. 4. Only the first Life Insurance, Decreasing Life Insurance (with or without Critical Illness) or Over 50s Life Insurance insurance policy registered against each Nectar account will qualify for double points.5. You collect base points when you shop as normal. Then, by the 10th of each month, we’ll give you a bonus equal to the total of the base points you collected the previous month while you held the policy, up to a maximum of 1,250 points. We’ll do this for up to 24 months from the start date of your policy. We won’t double any bonus points, any points from other offers, or points from Sainsbury’s Energy, Telecoms, Bank and all other Sainsbury’s services. 6. The monthly bonus will only be calculated on, and credited to the Nectar card nominated at the time of application. The nominated card must also be used at the time of each Sainsbury's purchase and points will not be allocated retrospectively. 7. Nectar points are awarded to you by Sainsbury's Supermarkets Ltd. The Nectar loyalty programme is run by Aimia Coalition Loyalty UK Ltd. The Nectar Collector Rules detail how to collect and use points. You can find these in the Nectar registration pack and at nectar.com 8. Sainsbury's Bank reserves the right to alter, cancel or withdraw the offer without prior notice 9. No cash alternative available.

Apply now

Get your life insurance quote today

Apply online or call 0800 027 7166.

Just follow these easy steps to receive an instant quote today:

  1. Choose the type of insurance you require and the amount of cover.
    This value represents the cash sum your policy could pay out in the event of your death during the term. It also pays out if you are diagnosed with a terminal illness, except during the last 12 months of the policy (minimum term of 2 years).

  2. Select the length of cover.
    Please note that we cannot pay you if your policy term has ended before you die.

  3. If required, add Critical illness cover and Waiver of Premium.
    Additional costs apply.
  4. Have your personal details at hand.
    Please provide your bank details, and doctor’s name and address. If applying for a joint policy your partner will also need to supply their details.

Important information

There are some circumstances when the policy won't pay out. For example, if you don't truthfully provide all the information we request on your application. These are all described in the Policy Summary [PDF 147KB]. This is an important document which you must read, to make sure the policy meets your needs.

Up to 90 days protection while you wait

Many applicants are accepted immediately, however you will still be covered for accidental death benefit for up to 90 days while your application is processed. Terms and conditions apply.

Offer Terms and Conditions

The £70 worth of Nectar points offer is an introductory offer available to customers who purchase direct from Sainsbury’s Bank’s website or by phone a new Sainsbury's Bank Life Insurance plan, Decreasing Life Insurance plan (with or without Critical Illness) or Over 50s Life Insurance plan from 16 February 2017. 14,000 Nectar points, the equivalent of £70, will be automatically credited to your Nectar account after you have paid five months’ premiums, as long as your plan is still in force and no premiums are outstanding.

One set of Nectar points per plan sold, limited to two per household in a 12 month period. Legal & General reserves the right to cancel any plans should they suspect fraud or misconduct. Sainsbury's Bank reserves the right to withdraw or amend this offer at any time, without notice. No cash alternative available.

You need to tell us your Nectar card number when you apply. The Nectar loyalty programme is run by Aimia Coalition Loyalty UK Ltd. The Nectar Collector Rules detail how to collect and use points. You can find these in the Nectar registration pack and at nectar.com.
Double Nectar Points 1. Offer only available to customers who buy a new Life Insurance, Decreasing Life Insurance (with or without Critical Illness) or Over 50s Life Insurance direct from Sainsbury’s Bank 2. You must continue to pay policy premiums for two years to continue collecting double points. 3. If the policy is cancelled, double points stop from the cancellation date. 4. Only the first Life Insurance, Decreasing Life Insurance (with or without Critical Illness) or Over 50s Life Insurance insurance policy registered against each Nectar account will qualify for double points.5. You collect base points when you shop as normal. Then, by the 10th of each month, we’ll give you a bonus equal to the total of the base points you collected the previous month while you held the policy, up to a maximum of 1,250 points. We’ll do this for up to 24 months from the start date of your policy. We won’t double any bonus points, any points from other offers, or points from Sainsbury’s Energy, Telecoms, Bank and all other Sainsbury’s services. 6. The monthly bonus will only be calculated on, and credited to the Nectar card nominated at the time of application. The nominated card must also be used at the time of each Sainsbury's purchase and points will not be allocated retrospectively. 7. Nectar points are awarded to you by Sainsbury's Supermarkets Ltd. The Nectar loyalty programme is run by Aimia Coalition Loyalty UK Ltd. The Nectar Collector Rules detail how to collect and use points. You can find these in the Nectar registration pack and at nectar.com 8. Sainsbury's Bank reserves the right to alter, cancel or withdraw the offer without prior notice 9. No cash alternative available.

Existing customers

Please visit our customer support section for more information about:

  • Contacting us
  • Making a claim
  • Life Insurance FAQs
  • Policy documents

Offer Terms and Conditions

The £70 worth of Nectar points offer is an introductory offer available to customers who purchase direct from Sainsbury’s Bank’s website or by phone a new Sainsbury's Bank Life Insurance plan, Decreasing Life Insurance plan (with or without Critical Illness) or Over 50s Life Insurance plan from 16 February 2017. 14,000 Nectar points, the equivalent of £70, will be automatically credited to your Nectar account after you have paid five months’ premiums, as long as your plan is still in force and no premiums are outstanding.

One set of Nectar points per plan sold, limited to two per household in a 12 month period. Legal & General reserves the right to cancel any plans should they suspect fraud or misconduct. Sainsbury's Bank reserves the right to withdraw or amend this offer at any time, without notice. No cash alternative available.

You need to tell us your Nectar card number when you apply. The Nectar loyalty programme is run by Aimia Coalition Loyalty UK Ltd. The Nectar Collector Rules detail how to collect and use points. You can find these in the Nectar registration pack and at nectar.com.
Double Nectar Points 1. Offer only available to customers who buy a new Life Insurance, Decreasing Life Insurance (with or without Critical Illness) or Over 50s Life Insurance direct from Sainsbury’s Bank 2. You must continue to pay policy premiums for two years to continue collecting double points. 3. If the policy is cancelled, double points stop from the cancellation date. 4. Only the first Life Insurance, Decreasing Life Insurance (with or without Critical Illness) or Over 50s Life Insurance insurance policy registered against each Nectar account will qualify for double points.5. You collect base points when you shop as normal. Then, by the 10th of each month, we’ll give you a bonus equal to the total of the base points you collected the previous month while you held the policy, up to a maximum of 1,250 points. We’ll do this for up to 24 months from the start date of your policy. We won’t double any bonus points, any points from other offers, or points from Sainsbury’s Energy, Telecoms, Bank and all other Sainsbury’s services. 6. The monthly bonus will only be calculated on, and credited to the Nectar card nominated at the time of application. The nominated card must also be used at the time of each Sainsbury's purchase and points will not be allocated retrospectively. 7. Nectar points are awarded to you by Sainsbury's Supermarkets Ltd. The Nectar loyalty programme is run by Aimia Coalition Loyalty UK Ltd. The Nectar Collector Rules detail how to collect and use points. You can find these in the Nectar registration pack and at nectar.com 8. Sainsbury's Bank reserves the right to alter, cancel or withdraw the offer without prior notice 9. No cash alternative available.