If you are applying for life insurance or a savings product, please send an e-mail to the following mailbox fulfilment@sainsburysbank.co.uk stating your Name, Colleague Number and Nectar Number (note the Nectar number supplied must be the same as the one used on your application) to make sure you receive your Nectar points*^.
Get added peace of mind with an Over 50s Life Insurance plan from Sainsbury's Bank. The plans, provided by Legal & General, provide cover for the rest of your life and pay out a small cash sum on your death. This could be used to help contribute towards funeral expenses, any outstanding bills or left as a small gift for your loved ones.
Choose from two Over 50s Life Insurance Plans
- Fixed Plan
- Increasing Plan
For more details on the Fixed Life Insurance Plan and the Increasing Life Insurance Plan, please view the tabs above.
Benefits of the plan
- Cover from £5 a month - depending on your age
- Guaranteed acceptance - if you're aged 50 to 80 and a UK resident for at least 183 days per year
- No medical - or health assessment
- Flexibility - you choose the level of cover that suits you - view rate table, (PDF 211KB)
- Cash sum - after one year we'll pay out 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
- Exclusive access to Legal & General Wellbeing Support Services - provided by RedArc Assured Limited, offering expert help and advice from qualified nurses from the day you take out cover for the duration of your policy
Available offer
- 20,000 Nectar points* - after you've paid 5 months' premiums, we'll add 20,000 points to your Nectar account within the following 60 days
PLUS, exclusively for colleagues
- 3,000 Nectar points^ after 4 months
Things you need to know
Fixed and Increasing Plans
- 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 before the end of your policy, your cover will end 30 days after your missed premium and you won't get anything back
- These plans are not designed to meet the full costs of a funeral, and do not guarantee to do so
Fixed Plan only
- Inflation will reduce the value 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 will increase by one and a half times the change in RPI. RPI may not rise at the same pace as funeral costs
- 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 value in the future. You won’t be able to increase your cash sum or premium in future years
Only you can be responsible for ensuring the product meets your needs. Before you apply please make sure you read all the information available including the Policy Summary document and our privacy statement.
To apply by phone please call 0800 048 2765† quoting L522. Lines are open Monday-Friday 8.30am-8pm and Saturday 9am-1pm. Calls may be monitored and recorded. Calls free from a landline only.
*Collect 20,000 of Nectar points - 1) This offer is only available when you take out a new over 50s life insurance policy. Purchases through price comparison, cashback, voucher code and similar sites are excluded. 2) After you've paid 5 months' premiums, we'll add 20,000 (could be worth £100) points to your Nectar account within the following 60 days. 3) You need to tell us your Nectar number when you apply. 4) We'll award points for no more than 2 polices per household in any 12 month period. 5) Sainsbury's Supermarkets Ltd award the points from this offer. No cash alternative is available. 6) This offer is governed by English law and we reserve the right to change or cancel it without notice.
^3,000 Nectar points. 1. This offer is only available to Sainsbury’s, Sainsbury's Bank, Argos, Habitat and Nectar colleagues, and Sainsbury’s Veterans. We may ask for proof of your employment status at any time during the application process. 2. We'll add 3,000 points to your Nectar account 4 months after your policy start date. If a payment is missed or the policy is cancelled within this period, points will not be paid. Legal & General reserve the right to cancel any policies should they suspect fraud or misconduct. 4. Limited to 1 application per customer. 5. You need to tell us your Nectar number when you apply and either start your application at SainsburysBank.co.uk/youchoose or tell us that you’re a colleague and quote L522 if you apply over the phone. 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.
Over 50s Fixed Life Insurance, 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 for at least 183 days per year
- No medical - or health assessment
- Cash sum - after one year Legal & General will 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
- Exclusive access to Legal & General Wellbeing Support Services - provided by RedArc Assured Limited, offering expert help and advice from qualified nurses from the day you take out cover for the duration of your policy
- 20,000 Nectar points* - after you've paid 5 months' premiums, we'll add 20,000 points to your Nectar account within the following 60 days
- Plus 3,000 Nectar points^ after 4 months, exclusively for colleagues
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.
Please read our Privacy Policy statement before applying.
It’s your responsibility to make sure the policy meets your needs. If you require advice please contact a financial advisor.
To apply by phone please call 0800 048 2765† quoting L522. Lines are open Monday-Friday 8.30am-8pm and Saturday 9am-1pm. Calls may be monitored and recorded. Calls free from a landline only.
*Collect 20,000 Nectar points - 1) This offer is only available when you take out a new over 50s life insurance policy. Purchases through price comparison, cashback, voucher code and similar sites are excluded. 2) After you've paid 5 months' premiums, we'll add 20,000 (could be worth £100) points to your Nectar account within the following 60 days. 3) You need to tell us your Nectar number when you apply. 4) We'll award points for no more than 2 polices per household in any 12 month period. 5) Sainsbury's Supermarkets Ltd award the points from this offer. No cash alternative is available. 6) This offer is governed by English law and we reserve the right to change or cancel it without notice.
^ 3,000 Nectar points. 1. This offer is only available to Sainsbury’s, Sainsbury's Bank, Argos, Habitat and Nectar colleagues, and Sainsbury’s Veterans. We may ask for proof of your employment status at any time during the application process. 2. We'll add 3,000 points to your Nectar account 4 months after your policy start date. If a payment is missed or the policy is cancelled within this period, points will not be paid. Legal & General reserve the right to cancel any policies should they suspect fraud or misconduct. 4. Limited to 1 application per customer. 5. You need to tell us your Nectar number when you apply and either start your application at SainsburysBank.co.uk/youchoose or tell us that you’re a colleague and quote L522 if you apply over the phone. 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.
Over 50s Increasing Life Insurance, 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 for at least 183 days per year
- No medical - or health assessment
- Cash sum - after one year Legal & General will 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
- Exclusive access to Legal & General Wellbeing Support Services - provided by RedArc Assured Limited, offering expert help and advice from qualified nurses from the day you take out cover for the duration of your policy
- 20,000 Nectar points - after you've paid 5 months' premiums, we'll add 20,000 points to your Nectar account within the following 60 days
- Plus 3,000 Nectar points^ after 4 months, exclusively for colleagues
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.
Please read our Privacy Policy statement before applying.
It’s your responsibility to make sure the policy meets your needs. If you require advice please contact a financial advisor.
To apply by phone please call 0800 048 2765† quoting L522. Lines are open Monday-Friday 8.30am-8pm and Saturday 9am-1pm. Calls may be monitored and recorded. Calls free from a landline only.
*Collect 20,000 Nectar points - 1) This offer is only available when you take out a new over 50s life insurance policy. Purchases through price comparison, cashback, voucher code and similar sites are excluded. 2) After you've paid 5 months' premiums, we'll add 20,000 (could be worth £100) points to your Nectar account within the following 60 days. 3) You need to tell us your Nectar number when you apply. 4) We'll award points for no more than 2 polices per household in any 12 month period. 5) Sainsbury's Supermarkets Ltd award the points from this offer. No cash alternative is available. 6) This offer is governed by English law and we reserve the right to change or cancel it without notice.
^ 3,000 Nectar points. 1. This offer is only available to Sainsbury’s, Sainsbury's Bank, Argos, Habitat and Nectar colleagues, and Sainsbury’s Veterans. We may ask for proof of your employment status at any time during the application process. 2. We'll add 3,000 points to your Nectar account 4 months after your policy start date. If a payment is missed or the policy is cancelled within this period, points will not be paid. Legal & General reserve the right to cancel any policies should they suspect fraud or misconduct. 4. Limited to 1 application per customer. 5. You need to tell us your Nectar number when you apply and either start your application at SainsburysBank.co.uk/youchoose or tell us that you’re a colleague and quote L522 if you apply over the phone. 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.
The table below compares 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.
If you choose the Increasing Plan and decline the annual review, or choose the Fixed Plan where the cash sum is not reviewed, then inflation will reduce the value of the cash sum in future.
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.
It’s your responsibility to make sure the policy meets your needs. If you require advice please contact a financial advisor.
To apply by phone please call 0800 048 2765† quoting L522. Lines are open Monday-Friday 8.30am-8pm and Saturday 9am-1pm. Calls may be monitored and recorded. Calls free from a landline only.
*Collect 20,000 Nectar points - 1) This offer is only available when you take out a new over 50s life insurance policy. Purchases through price comparison, cashback, voucher code and similar sites are excluded. 2) After you've paid 5 months' premiums, we'll add 20,000 (could be worth £100) points to your Nectar account within the following 60 days. 3) You need to tell us your Nectar number when you apply. 4) We'll award points for no more than 2 polices per household in any 12 month period. 5) Sainsbury's Supermarkets Ltd award the points from this offer. No cash alternative is available. 6) This offer is governed by English law and we reserve the right to change or cancel it without notice.
^ 3,000 Nectar points. 1. This offer is only available to Sainsbury’s, Sainsbury's Bank, Argos, Habitat and Nectar colleagues, and Sainsbury’s Veterans. We may ask for proof of your employment status at any time during the application process. 2. We'll add 3,000 points to your Nectar account 4 months after your policy start date. If a payment is missed or the policy is cancelled within this period, points will not be paid. Legal & General reserve the right to cancel any policies should they suspect fraud or misconduct. 4. Limited to 1 application per customer. 5. You need to tell us your Nectar number when you apply and either start your application at SainsburysBank.co.uk/youchoose or tell us that you’re a colleague and quote L522 if you apply over the phone. 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.
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.
Please read our Privacy Policy statement before applying.
It’s your responsibility to make sure the policy meets your needs. If you require advice please contact a financial advisor.
To apply by phone please call 0800 048 2765† quoting L522. Lines are open Monday-Friday 8.30am-8pm and Saturday 9am-1pm. Calls may be monitored and recorded. Calls free from a landline only.
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.
*Collect 20,000 Nectar points - 1) This offer is only available when you take out a new over 50s life insurance policy. Purchases through price comparison, cashback, voucher code and similar sites are excluded. 2) After you've paid 5 months' premiums, we'll add 20,000 (could be worth £100) points to your Nectar account within the following 60 days. 3) You need to tell us your Nectar number when you apply. 4) We'll award points for no more than 2 polices per household in any 12 month period. 5) Sainsbury's Supermarkets Ltd award the points from this offer. No cash alternative is available. 6) This offer is governed by English law and we reserve the right to change or cancel it without notice.
^ 3,000 Nectar points. 1. This offer is only available to Sainsbury’s, Sainsbury's Bank, Argos, Habitat and Nectar colleagues, and Sainsbury’s Veterans. We may ask for proof of your employment status at any time during the application process. 2. We'll add 3,000 points to your Nectar account 4 months after your policy start date. If a payment is missed or the policy is cancelled within this period, points will not be paid. Legal & General reserve the right to cancel any policies should they suspect fraud or misconduct. 4. Limited to 1 application per customer. 5. You need to tell us your Nectar number when you apply and either start your application at SainsburysBank.co.uk/youchoose or tell us that you’re a colleague and quote L522 if you apply over the phone. 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.
| For questions and quotes |
|---|
 Call 0800 048 2765 † quoting L522 |
| 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 quality control procedures. Calls free from a landline and mobile if calling from the UK.