We’ve provided a guide on the best life insurance policies with free gifts in 2021. Some companies, however, offer welcome gifts specifically for customers that take out a new Over 50s Life Insurance policy. Although it shouldn’t be the main reason why you choose a specific policy, as you should always focus on the coverage offered by a company first, it would be a bonus if your chosen policy also came with some free gifts.
So, to save you time and hours of scouring the internet, we’ve put together an in-depth list below with the best ones.
UK financial services and asset management firm Legal & General offers all new customers taking out a new Over 50s Life Insurance policy a gift card worth £120. Note that this offer ends on 30 November 2021.
You will only be eligible to receive your gift card after holding the insurance policy for at least six months and after making all six payments. The firm aims to send instructions on redeeming your card within 60 days of your sixth payment.
You can take a look at the company’s Over 50s Life Insurance services in detail here. You can also contact the company regarding the free gift on 0808 296 5402.
British financial services company SunLife is currently offering new customers that take out an Over 50s Life Insurance policy a £120 Love2Shop gift card, the company’s most valuable one. Note that the gift will only be available after you’ve made six premium payments, after which the company will get in touch with details on how to redeem your gift.
Your Love2Shop gift card can be used at various retailers, including Argos, Foot Locker, Go Outdoors, Waterstones, Shoe Zone, and Kernow Mill. For a complete list of brands, take a look here.
Take a look at SunLife’s Over 50 Life Insurance services here. Also, if you’d like to get in touch with the company regarding the free gift, you can do so on 0800 904 7674.
UK life insurance agency British Seniors is currently offering all new customers that take out an Over 50s Life Insurance policy an M&S gift card worth £100. If you qualify for a joint life policy, the gift card’s value rises to £200, a benefit that isn’t usually offered in this segment.
To be eligible to receive the gift card, you must have made the first six monthly payments, and the total paid must exceed the value of the gift card.
You can review the company’s Over 50s Life Insurance policies here, and you can get in touch with British Seniors to discuss the free gift on 0800 542 7618.
We compare plans from the leading life insurance providers
British insurance company Direct Line offers customers who take out a new Direct Line Over 50s Life Insurance Policy a free £100 gift card to use with Love2Shop, Amazon, or M&S. Love2Shop gives access to over 90 retailers, including Argos, American Golf, and the Edinburgh Woolen Mill.
To offer is valid for new policies taken out on or after 22 July 2019. The company currently provides no end date.
Visit the company’s site to review Direct Line’s Over 50s Life Insurance policy. The gift card is handled by MLP, which can be contacted on 01565 656 144.
British retail post office firm Post Office offers customers who take out a new Post Office Over 50s Life Insurance Policy a free gift card worth £100 to use at either M&S, Argos, or Amazon. The promotion is only available to UK residents between 50 and 80 years old.
Note that this promotion ends on 30 November 2021. To be eligible, you need to hold the policy for at least six months and make all payments, after which the company will send you the gift card within 28 days of the sixth monthly payment.
Visit the company site to review the Over 50s Life Insurance policies in detail. You can also contact the team on 0330 123 3977 to discuss the free gift.
UK insurance firm Shepherds Friendly is currently offering customers that take out a new Over 50s Life Insurance policy a Love2Shop gift voucher worth up to £50. Love2Shop gives you access to over 90 popular retailers, including Argos, M&S, American Gol, John Lewis, and the Edinburgh Woolen Mill.
The value of your voucher depends on your monthly premium:
Note that you are not eligible for the promotion if you acquire your Over 50s Life Insurance policy through a cashback or price comparison site.
Visit Shepherds Friendly to review the company’s life insurance policies, and get in touch on 0800 526 249 to discuss the free gift in detail.
British supermarket chain Sainsbury’s offers £100 worth of free nectar points to customers that take out a new Over 50s Life Insurance policy. The company’s insurance products are backed by Legal & General.
Note that the gift is only available after you’ve made the first five monthly payments, after which the company aims to transfer £100 of nectar points to your account within 60 days.
To review the life insurance policies, visit Sainsbury’s website and to discuss the gift in detail, call the company on 0800 197 3373.
The popular UK insurance company Churchill offers new customers who take out an Over 50s Life Insurance policy a free gift card worth £100 to use at either Amazon, M&S, or Tesco. The promotion is valid for policies taken on or after 22 July 2019.
Note that the gift will only be available after you’ve made the first six monthly payments, after which the company will aim to send you the gift within 30 days.
You can view the company’s Over 50 life insurance products in detail here. If you’d like to discuss the gift offer in detail, contact Churchill on 0800 077 8318.
British price comparison site Compare the Market is offering new customers who take out an Over 50s Life Insurance policy an Amazon Gift card worth £50. Usually, most insurance providers offering free gifts don’t include policies bought through price comparison sites in their promotions. This provides a good alternative if you’re looking to get a better deal through Compare the Market while still receiving a freebie.
Note that the gift is only available after you’ve made the first three monthly payments, after which the company will get in touch within 45 days.
You can visit Compare the Market to browse Over 50 Life Insurance products and compare quotes here. If you’d like to discuss the promotion, contact the company on 0808 141 1336.
It’s worth noting that although free gifts are great incentives, you should always ensure that you’re getting the policy and coverage you need. It’s never a good idea to pay more so that you can gain access to a better gift.