14,000 Nectar Points: Life Insurance

chaoclive

Hi there

Just wondering if anyone has taken out a Sainsbury's life insurance (provided by L&G), got the 14,000 Nectar points and then cancelled after the required 5 months. I'm curious if there is any issue with canceling the policy after the points are received? I've asked Sainsbury's & Nectar on Twitter and they told me to call the Sainsbury's customer service line. I'll do that tomorrow.

The offer is here: https://www.sainsburysbank.co.uk/life-insurance/index

Thanks
CC

csgohan4

is it really worth the hassle over about £7.50?


Getting new life insurance in the future will be more expensive as you will be older and may have medical conditions.

Quentin

csgohan4 wrote: »

is it really worth the hassle over about £7.50?


Getting new life insurance in the future will be more expensive as you will be older and may have medical conditions.

As a money saving wheeze taking out a £5 a month policy and cancelling after the 5th month nets you £45 worth of points! Worth more than that if you use them on any special deals from Sainsbury's.

No hassle.

No need to think about getting life insurance in the future etc if doing it to take the incentive and run!