Life Insurance catchback
Life Insurance catchback
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Discussion

a

Original Poster:

439 posts

114 months

Thursday 19th October 2017
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Is there a catch with these life insurance cashback deals that give you £100s after being a member for several months?

A £30pm policy gets you £300 cashback after 4 months with some companies on TopCashBack. £180 easy profit! I've asked the life insurance company and you can cancel your policy after 4 months if you want.

If I sign up for all of them and cancel after 4 months... Easy money? Plus the bonus that if I die within 4 months my wife will be a Decillionaire.

Caddyshack

15,017 posts

236 months

Thursday 19th October 2017
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You would soon get stopped from taking them out if you kept taking and then stopping. Plus you know that you are not playing with a straight bat and wasting their time.

Tim-D

539 posts

252 months

Thursday 19th October 2017
quotequote all
Absolutely - working for a firm that does pretty much this we do have the background technology at work that foils your scheme... if you look closely at the terms and conditions (that bit no one reads as it's dull smallprint) there'll be a section in there relating to gifts / rewards etc that'll in essence say cancel once we may let you go again - but not for a while... do it multiple times - jog on.....

I'm not telling you the actual number of multiple applications involved though!