Some of these policies offer a free gift when you take out the plan. Most people that buy these policies do so to protect their loved ones from the expense of their funeral so they never benefit directly from the pay out – the free gift is at least something that you get to enjoy.
Gifts are typically vouchers to spend online or at major high street stores. They vary in value considerably from insurer to insurer and from offer to offer – but don’t be swayed by the gift – the important thing to look at is the features of the policy, premium, amount of cover, moratorium and when your payments stop.
If you are thinking of buying an Over 50s Life Insurance Plan then you can expect a voucher of between £75 and £125 for taking out a plan. If the size of the gift is important than it is worth checking out latest article Comparing Over 50 Life Insurance with free gift.