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Life Insurance

Life Insurance

Help to financially protect your loved ones. Get up to 22,000 Nectar points † when you take out a life insurance or decreasing life insurance policy. The number of points you receive will depend on your premium. Provided by Legal & General

Planning, preparing, and protecting against some of life's curveballs makes the unexpected a little easier to cope with. A life insurance policy from Sainsbury’s Bank could help lessen the burden on your family in the event of your death. 

What is life insurance?

Life insurance can help to protect your family by providing a cash sum if you die or are diagnosed with a terminal illness (life expectancy less than 12 months) during the length of your policy. In the event of your death, a successful claim could mean financial support for your loved ones, helping to pay the mortgage or everyday living expenses.

How does life insurance work?

You pay your life insurance company a fixed monthly (or sometimes annual) premium for a set amount of cover. If a successful claim is then made, the policy could give your loved ones a cash sum to contribute towards things like:

  • Living expenses
  • Paying off a mortgage balance
  • Covering funeral expenses
  • Paying off any outstanding bills and debts
  • Leaving some money as an inheritance or as a gift

Why choose a life insurance policy through Sainsbury’s Bank?

  • Protection by one of the UK’s largest life insurance providers, Legal & General
  • Cover from as little as £5 a month
  • Access to Care Concierge  a confidential and impartial telephony advisory service to help you or loved ones understand and navigate later life care options that will work for you
  • Access to Legal & General Wellbeing Support Services
  • Up to 22,000 Nectar points † when you take out a life insurance or decreasing life insurance policy direct with us. The number of Nectar points you receive depends on your premium: 
    • If your monthly premium is under £8.50, we’ll give you 10,000 points, which could be worth £50
    • If your monthly premium is £8.50-£20.00, we'll give you 16,000 points, which could be worth £80
    • If your monthly premium is over £20.00, we'll give you 22,000 points, which could be worth £110

You'll receive your points after you’ve paid 5 months’ premiums within the following 60 days. 

Only choose a premium you can afford and the level of cover you require. 

  • Discount on your premiums (with or without critical illness cover) just for being a Nectar member **. If you are not a Nectar member and would like to be, just download the app, or register at
  • You can decide how long you want the policy to run and how much cover you need
  • You can choose between a single or joint policy
  • If your circumstances change, then you may be able to make changes to your policy (terms and conditions apply)
  • If your application is not accepted straight away, accidental death benefit is automatically included for no extra cost while your application is processed (terms and conditions apply)
  • Terminal illness cover (with a life expectancy of less than 12 months) is automatically included at no extra cost on policies with a term of at least 2 years

Find out more information in the Policy Summary [PDF, 176 KB]

What is Legal & General Wellbeing Support Services? 

It is a suite of telephone-based Wellbeing Support Services provided by RedArc Assured Limited, offering expert help and advice from qualified nurses to you the policy holder, your partner and children living at home. Wellbeing Support Services are available to you from the day you take out cover for the duration of your policy and you won’t need to make a claim to access these services.

Critical illness cover

When you take out your life insurance or decreasing life insurance policy you can add critical illness cover for an extra cost. It can help minimise the financial impact of a critical illness on you and your family.

Choose the right cover for you

It’s important to choose a policy and the level of cover that you can afford and suits your needs. We also offer: 

If you would like to review the features, benefits and available offers on these products, find out more below.

Over 50s life insurance

Leave your family a small cash sum as a gift, or to help with funeral costs

Decreasing life insurance

Find out how you could help protect a repayment mortgage

Before you apply

It’s usually quick and easy to apply for life insurance online, but there are some things to bear in mind before you buy a policy.

Remember that life insurance is not a savings or investment product and offers no cash value or financial return unless a valid claim is made. If you stop paying premiums before the end of your plan, your cover will end 30 days after your missed payment.

If your life insurance is to cover your mortgage, your policy may not completely pay off your outstanding mortgage unless you make sure your amount of cover is adjusted to match any new mortgage arrangements.

It's your responsibility to make sure any policy you purchase is right for you. If you have questions or need advice, you should speak directly with a financial advisor. Please read the Policy Booklet [PDF, 266 KB]  and Policy Summary [PDF, 176 KB]  before you apply.

Legal & General Wellbeing Support Services explained

There are lots of reasons why you might want access to Wellbeing Support; maybe you’d like a friendly chat following a medical diagnosis, or advice on navigating healthcare systems. We want to support you as much as possible. Here are just some of the ways Legal & General Wellbeing Support can help.

Dealing with a serious illness

If you’ve been diagnosed with a serious illness or require support for a disability, your nurse will be there to offer wellbeing support. That includes helping you understand a diagnosis, advice on managing life with an illness or disability or return to work coaching.

Bereavement support

We know how hard it is to lose a loved one, but you can count on the bereavement support to help you cope. Even if all you need is someone to listen, RedArc nurses will lend an ear. 

Second medical opinion

For your own peace of mind following a diagnosis or course of treatment, RedArc can arrange face-to-face appointment with a UK-based specialist consultant.

Mental health support

If you’re having difficulties with your mental health and you’re not sure how to improve it, nurses can provide long-term support and guidance from a mental health nurse as well as counselling, therapy sessions and other forms of wellbeing support.

Carer support

Looking after a sick or elderly loved one is challenging for anyone, and if you’re in that situation, you’ve got to think about your own health and wellbeing too. RedArc can offer emotional and practical support for carers whose wellbeing can be improved.

Help at home

It’s one thing to be discharged from hospital, but the recovery phase can also be a challenging time. RedArc nurses provide health and wellbeing advice over the phone while you’re at home.


Keeping your loved ones safe is the most important thing in the world, and RedArc can provide advice on how to support an elderly relative, whether they’re living independently or at a residential home.

Loneliness and isolation

We can all experience loneliness at different times in our lives – whether we’ve lost a loved one, relocated from our usual home or been diagnosed with an illness. No one should have to face these challenges alone, but our Wellbeing Support provides a direct line to a supportive RedArc nurse.

Specialist counselling

No two people have exactly the same challenges, and Legal & General Wellbeing Support treats you as an individual. Specialist counselling caters for you and your needs.

Dietary and lifestyle guidance

If you’re seeking advice on healthy living – for example, if you’re at risk of a heart attack, stroke or diabetes – RedArc nurses can offer you the guidance you need.

Legal & General Wellbeing Support Services are available to customers purchasing a new life insurance policy via Sainsbury’s Bank on or after 13 January 2020.

Accidental death benefit

Unfortunately serious accidents can happen. Sometimes when you submit a life insurance application online, over the phone or in person, an immediate decision can’t be given. That’s why accidental death benefit is included with our life insurance policy, at no extra cost.

The cover will last for 90 days or until your application is accepted, postponed or declined, or you give notification that you no longer want to proceed, whichever is earliest. The maximum payment would be the amount of cover you applied for (across all applications) or £300,000, whichever is lower. Find out more about accidental death benefit.

Need more information about life insurance?

Life Insurance calculator

Unsure how much cover you need? Our life insurance calculator will help you work it out

Guide to life insurance

Get tips and advice on things to consider when choosing your life insurance policy

Explore our FAQs

Got a query about life insurance? We’ve answered some of the most commonly asked questions

For questions and quotes

 Call 0800 027 7166 * |  More phone options

Lines are open:
08.30am - 8pm, Mon - Fri
09.00am - 1pm, Sat

*Telephone calls may be recorded for security purposes and monitored under Legal & General's quality control procedures. Calls free from a landline and mobile if calling from the UK.

** Discount for Nectar members
Discount for Nectar members - Legal and General will automatically apply a discount to your quote(s) when you provide a valid Nectar card number, either online or over the phone to a call centre agent. The discount will not reduce the premium below the minimum of £5 per month.


Terms and conditions

† Up to 22,000 Nectar points

1. This offer is only available when you take out a new life insurance or decreasing life insurance policy. Purchases through price comparison, cashback, voucher code and similar sites are excluded.
2. We award points based on your monthly premium. You'll get:

  • 22,000 points (could be worth £110) if your monthly premium is over £20.00;
  • 16,000 points (could be worth £80) if your premium is £8.50 - £20.00 or
  • 10,000 points (could be worth £50) if your premium is under £8.50.

3. We’ll add the points to your Nectar account after you’ve paid 5 months’ premiums, within the following 60 days.
4. You need to tell us your Nectar number when you apply.
5. We'll award points on no more than 2 policies per household in any 12 month period.
6. Sainsbury's Supermarkets Ltd award the points from this offer. No cash alternative is available.
7. This offer is governed by English law and we reserve the right to change or cancel it without notice.

Legal & General Assurance Society Limited Registered in England and Wales No. 00166055. Registered office: One Coleman Street, London, EC2R 5AA. Legal & General Assurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.