Sainsburys (L&G) Life Insurance - 3000 Free Nectar Points AND £80 Quidco! £9.60/Month - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit
Been looking for Life Insurance with Terminal Illness cover for a while and this seemed like a bargain to me (if quidco tracks).

I got £200k of cover over 2 Years for £9.60 a month (Total £230.40) Plus £80 quidco and the 3000 nectar points

With Sainsbury's Life Insurance - provided by Legal & General - you can help protect your family or your mortgage from only £5 a month and if you take out a policy online before 16th June 2008, you'll receive 3000 Nectar points*.

Great benefits every step of the way:

Cover starts from just £5 a month. Your cover will depend on your individual needs and circumstances, and the premium you choose to pay.
Once your cover starts, your premiums stay the same as you get older.
Adapt your cover to fit your changing circumstances, subject to the terms and conditions.
Automatically includes terminal illness cover.
Award winning - Your Money 'Best Overall Online Provider 2007' and 'Best Online Life Insurance Provider 2007'
Deal Tags:
More From Sainsbury's:
×
Get the Hottest Deals Daily
Stay informed. Once a day, we'll send you the deals our members voted as the best.
Failed
justy79 Avatar
8y, 6m agoFound 8 years, 6 months ago
Options

All Comments

(20) Jump to unreadPost a comment
Comments/page:
#1
Ideally an individual should get professional advice when taking out any form of personal protection insurance, it simply is not about just cost but quality and level of cover also these self execution contracts are direct sales and potentially will have an adverse impact in terms of comeback on any future complaints/compensation as no professional advice was sought at time of purchase.
#2
I'd have to agree whole-heartedly with the above comment - Take professional advice on this sort of thing. Also, as far as I'm aware, ALL life cover has terminal illness cover included because if you're terminally ill then death is assured so it's just a matter of when they pay out. Critical illness cover (cancer/heart attack/stroke etc) is a lot more expensive.
#3
Waisal
Ideally an individual should get professional advice when taking out any form of personal protection insurance, it simply is not about just cost but quality and level of cover also these self execution contracts are direct sales and potentially will have an adverse impact in terms of comeback on any future complaints/compensation as no professional advice was sought at time of purchase.


The message seems to be take professional advice as you then have someone to blame when the professional advice is rubbish. Don't we just love the insurance industry!

I tend to trust my own common sense and ability to read the small print rather than salesmen but the choice is yours.
#4
pot_belly
The message seems to be take professional advice as you then have someone to blame when the professional advice is rubbish. Don't we just love the insurance industry!

I tend to trust my own common sense and ability to read the small print rather than salesmen but the choice is yours.


I hope your common sense helps when it comes to dealing with the Insurers if there is a dispute about level of cover or payout.
#5
Tend to use this link for finance, insurance etc info:

http://www.moneysupermarket.com/lifeinsurance/uk-life-insurance.aspx
#6
way too expensive compared to other quotes for me. They wanted £20 pm for cover I could get for about £12 elsewhere. :(
#7
As I understand you have taken out a single life policy but have you put the policy under TRUST? if not then any policy proceeds will form part of your estate and if over the IHT limit will be taxed at 40%.

So this 'Cheap' policy on a execution only basis (Worse case) may end up only paying £120,000 if death occurs within the 2 year period.
A similar policy through an ifa may cost an extra £100+ over 2 years but could save you £80,000 if the policy is is the plan is put under trust for your spouse/children.

Ps. Nearly ALL companies have Terminal Illness incl, however some have payment with 12 months and some pay 18 months....
#8
Life insurance payouts to wives are not subject to IHT (in fact if you die your wife gets it all subject to your will and their is not IHT). The only difficulty arises if she passes as well and then when it goes to the kids there is IHT, or of course if your not married.

I wish the life insurance through an ifa was just £100 more over 2 years. It was more like £600 for him to set up a trust + the much more expensive cost of the policy. If I was older and had children this would matter more to me (about the trust).
1 Like #9
Kingkano, are you saying your broker was going to charge you £600 to place the policy in trust ? if so, you should find another broker, as a broker myself, there is a simple form to complete and the policy is in trust, there should be no charge for this.
#10
I thouroughly checked out life insurance quotes and this company has always beat any price anywhere>

http://www.cavendishonline.co.uk/COL/Life/GetaquotefeeF.htm
#11
apk1
Kingkano, are you saying your broker was going to charge you £600 to place the policy in trust ? if so, you should find another broker, as a broker myself, there is a simple form to complete and the policy is in trust, there should be no charge for this.


i have a policy 5 years old which i want to put in trust but the insurer has told me its not now possible :(
#12
is critical illness included in this?
#13
pot_belly
The message seems to be take professional advice as you then have someone to blame when the professional advice is rubbish. Don't we just love the insurance industry!

I tend to trust my own common sense and ability to read the small print rather than salesmen but the choice is yours.


Can't agree more.
#14
pot_belly
The message seems to be take professional advice as you then have someone to blame when the professional advice is rubbish. Don't we just love the insurance industry!

I tend to trust my own common sense and ability to read the small print rather than salesmen but the choice is yours.


alfreer1
is critical illness included in this?


Indeed!

* Terminal Illness Cover

We include Terminal Illness Cover automatically at no extra cost. This pays out the lump sum immediately (instead of on death) if you are diagnosed as being terminally ill and you are eligible to claim, with a life expectancy of less than 12 months. This cover does not apply during the last 18 months of the period of cover. Full details and conditions are provided in your policy document.
#15
Titanium
Indeed!

* Terminal Illness Cover

We include Terminal Illness Cover automatically at no extra cost. This pays out the lump sum immediately (instead of on death) if you are diagnosed as being terminally ill and you are eligible to claim, with a life expectancy of less than 12 months. This cover does not apply during the last 18 months of the period of cover. Full details and conditions are provided in your policy document.


Please people, don't think terminal illness = critical illness. One you definitely die from, the other carries a possibility of death.

Why not speak to someone and get advice, then take that advice and then do some research yourself once you're more informed and of course you can set the policy up through cavendish or sainsburys!

Also, there's never usually any cancelation costs or tie ins although dodgy brokers may tell you there is because they usually have a 2-4 year earning period for commission.
#16
mission701
Please people, don't think terminal illness = critical illness. One you definitely die from, the other carries a possibility of death.

Why not speak to someone and get advice, then take that advice and then do some research yourself once you're more informed and of course you can set the policy up through cavendish or sainsburys!

Also, there's never usually any cancelation costs or tie ins although dodgy brokers may tell you there is because they usually have a 2-4 year earning period for commission.


Shoot, I keep forgetting the difference! I had difficulty with Barclays financial adviser! LOL

True. Usually terminal illness is included with life assurance policies.
#17
musicman
Does anyone know if you can cancel at anytime?? :whistling:


Yes that is what I am going to do, quidco then cancel!! Lots of info in the paidtoshop forum about this!
#18
Did this a few months ago. I played with my quote until I got it to £5. It validated just after the first DD payment was taken, after which I cancelled. I then got a letter saying how sorry they were to see me go and that they had refunded the £5. So I effectively made £80 with very little effort!!
#19
this sounds like a pretty shadey deal to me!! if you want life & terminal illness cover (life expectancy of less than 12 months) you can get it cheaper than this depending on your own personal circumstances (smoker/pre existing medical conditions/general health).

However, if you want cover that will pay a lump sum if you were to contract an illness which you will recover from, then CRITICAL ILLNESS is what you are looking for, this will generally be about 4x as expensive as life cover but with most providers it will also include life & terminal illness with it.

Hope that makes sense as i am not long awake, but i would seriously suggest getting advice on this as the people posting comments about reading the small print dont seem to realise th difference in the cover provided.
#20
mcozmick
this sounds like a pretty shadey deal to me!! if you want life & terminal illness cover (life expectancy of less than 12 months) you can get it cheaper than this depending on your own personal circumstances (smoker/pre existing medical conditions/general health).

However, if you want cover that will pay a lump sum if you were to contract an illness which you will recover from, then CRITICAL ILLNESS is what you are looking for, this will generally be about 4x as expensive as life cover but with most providers it will also include life & terminal illness with it.

Hope that makes sense as i am not long awake, but i would seriously suggest getting advice on this as the people posting comments about reading the small print dont seem to realise th difference in the cover provided.


Wow, you mean Life Insurance cover is different to Critical Illness cover. Anybody who is confused by the English language and does not understand that should indeed seek advice.

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Top of Page
Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!