Life insurance is designed to help protect your loved ones financially by paying out a lump sum if you die or contract a terminal illness during the term of the policy.
HSBC Life have designed an online application to provide you with an instant decision and quote.
M&S Life Insurance meets the demands and needs of individuals looking for life insurance that pays out a lump sum benefit upon death or earlier diagnosis of terminal illness expected to lead to death within the subsequent 12 months. If this meets your current and future protection needs, you can purchase the policy instantly.
For more information see our helpful guide M&S Life Insurance explained.
Features and benefits
Level or decreasing cover
Choose the type of cover to suit your needs, with a lump sum that remains the same or decreases over the term of your policy.
Instant decision with instant cover
With HSBC Life's online application, you can get an instant decision and cover can start straight away.
Single and joint life cover
Cover available for both you and a partner, to give your loved ones the financial support they may need if the unexpected happens.
M&S Life Insurance cover options
Cover you can rely on
M&S Life Insurance provides a choice of level or decreasing cover options so you can tailor your life insurance policy to meet your needs. Whether you decide to put your policy into Trust or not, you can relax knowing HSBC Life will deal with any claim quickly and fairly. You can compare level and decreasing cover options in the table below. Please also ensure you read the important information, including policy exclusions and limitations, below the table.
|Cover limit||Up to £500k*||Up to £500k*|
|Lump sum pay out||The amount you're covered for remains the same throughout the term||The amount of cover reduces roughly in line with a repayment mortgage|
|Sole or joint|
|Terminal illness cover|
|Suicide cover||Not within first 12 months||Not within first 12 months|
|Trust forms availableFootnote 2**|
|Guaranteed Insurability Option|
*Cover limit of £500k for age 17 – 49. Limit of £300k applies for age 50-59.
**Only available to existing M&S Life Insurance customers via online servicing. Trust forms are administered by HSBC Life (UK) Ltd
M&S Life Insurance is arranged, administered and provided by HSBC Life (UK) Limited who will conduct the sale and communicate with you after your policy start date. HSBC Life (UK) Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 88695. Registered Office: 8 Canada Square, London E14 5HQ.
£100 voucher off terms and conditions †
Customers who purchase a new M&S Life Insurance policy between 7 January and 29 April 2020 (inclusive) via the M&S Bank website will receive £100 M&S vouchers to spend in store. This offer is not available to customers amending an existing M&S Life Insurance policy. To be eligible for the £100 M&S vouchers, customers must: (i) be covered by an M&S Life Insurance policy with a minimum monthly premium of £15; (ii) have held the policy for a minimum of 180 days (calculated from the first payment date); and (iii) not have missed any premium payments. M&S vouchers will be sent to the primary policyholder within 30 days of having held the policy for a minimum of 180 days (calculated from the first payment date). M&S vouchers will not be sent if (i) you, the insurer, M&S Bank or our insurance partner cancel or terminate your policy within the minimum 180 day period you must hold the policy for or (ii) there are any outstanding premium payments due. M&S vouchers will not be issued to customers for any third or subsequent M&S Life Insurance policies.
M&S vouchers are available to new customers who purchase their policy via the M&S Bank website and are not available to customers buying from a comparison, affiliate or cashback website. M&S vouchers are limited to one per policy and must be used by the voucher expiry date. M&S vouchers are subject to Marks and Spencer plc terms and conditions of use. Vouchers can only be used in store and replacements will not be issued for lost or damaged vouchers. M&S vouchers are available to UK customers only; they are not available to customers from the Isle of Man and Channel Islands. No cash or gift card alternative available.
We reserve the right to withdraw or replace this offer with suitable alternatives at any time and without notice. This offer is being administered and managed on behalf of M&S Bank (which is a trading name of Marks & Spencer Financial Services plc) for M&S Life Insurance by The Marketing Lounge Partnership Fulfilment Services, The Cow Shed, Walnut Tree Farm, Lower Stretton, Cheshire WA4 4PG.