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20K Points for Joining Amex Life Insurance Approx $6 Per Month. 6 Month Minimum

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20K Points for Joining Amex Life Insurance Approx $6 Per Month. 6 Month Minimum
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schmucky on 21/06/2017 - 09:51 files.ozbargain.com.au (5514 clicks)
Last edited 03/07/2017 - 21:42 by 3 other users

Just noticed this deal and thought I might do a post here to share. Credit to 'NoName' from the AFF forums.

Guess most Ozbargainers would have some sort of AMEX card. As title suggests 20,000 Bonus points for new life insurance policies. Points to be credited up to 8 weeks after the first premium is paid. AMEX reserve the right to reverse bonus points if you cancel within 6 months.

The points you get will depend on the card you choose to use.
If you use the Qantas cards, you will get 20,000 Qantas.
If you use the Explorer, you will get 20,000 Gateway which transfers out to 15,000 Airline Points for a range of partners.
If you use the Platinum Charge, you will get 20,000 Ascent.

As a data point, with min cover of $50,000, Mylife policy comes out to about $6 a month.

Over 6 months, the total cost is $36.

To apply, login to your AMEX account and click on the 'Insurance' tab and follow the prompts.

If you do not get either the email or the flyer in the mail, don't despair… the deal is not targeted.

It is available to new customers but if you are not comfortable feel free to confirm with it please call 1800 025 015 and ask about the promotion.

Referral Links

Business Explorer Card: random (3)

Referrer: 40,000 Reward Points

Centurion Personal Charge Card: random (7)

Referee gets 200,000 MR points. Referrer gets 150,000 MR points.

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closed Comments

  • almonds65 on 21/06/2017 - 20:16

    Thanks for sharing OP! Mine came up to $4.16/month for the $50,000 cover. Now just gonna wait on the 20,000 bonus points!

  • demiurge on 21/06/2017 - 20:50

    Amex Essential eligible?

  • Samsungnote10 on 22/06/2017 - 00:47

    took a risk and signed up
    $5.91 for me
    someone said free for first month but mine made no mention of it

    hopefully I will get my points after the first month and then I will cancel

    • Kenb0 on 29/06/2017 - 11:33
      +1

      you can't cancel too early because they may pull back the points if insurance cancelled in first 6 months. Was in the T&Cs

  • theblake on 22/06/2017 - 09:38

    Depends on a persons age, this is only a deal for young people.
    The older you are, the higher the premiums, so its a bit useless quoting a premium without revealing your age/sex/smokerstatus

  • Olivia2512 on 22/06/2017 - 10:02

    Hello Everyone,

    Can someone please help me if I still can get the rewards?
    I linked to www.americanexpress.com/au/content/insurance/term-life-insur…
    However, I forgot to log in my account and directly referred to apply the life insurance by my primary Amex card. I think I made big mistake.

    • StoinkerDoink on 22/06/2017 - 12:35

      I logged in to my account, but as soon as I clicked apply it said something like "Moving you away from americanexpress.com.au or whatever. So I don't think (I hope) it matters. None of my details were transferred to my life insurance application. I think they must just look at the card (again, I hope) that paid for it and award points accordingly.

  • arctan on 22/06/2017 - 18:21

    So if I purchase life insurance for my self and my partner I can get 40k points?

  • madmo on 22/06/2017 - 18:32

    To reduce the premium, can you sign up a family member (eg. 18 years old) that does not exist? With no intention to claim, just want the points.

  • leski on 22/06/2017 - 19:38

    called amex few minutes ago and was advised that the policy holder and card holder must be the same person. my husband can't use my card to purchase the policy. it is not eligible for the promotion.

  • leski on 22/06/2017 - 19:41

    and amex gold card is not eligible even it starts with 3760

  • Peck on 22/06/2017 - 21:56

    After doing the application there was a message saying that no premium was payable for the first month of cover.

  • uniqualz on 22/06/2017 - 23:05

    I don't get it - well, I kinda do, but not that it's life insurance. So everyone's signing up for 6 months of life insurance, just to get 20k of points? But unless you DIE!, you're getting nothing from the $60 core product (the life insurance) you've spent the money on? So in other words, are you all lining up to pay $60 bucks just for 20,000 ff points? Can't you get ff points anyway just with free credit cards?

    • [Deactivated] on 23/06/2017 - 03:52
      +2

      20,000 ff points can be sold for $200 on the classifieds. Yes, you can but you don't get a credit check on your credit history using this method.

      • uniqualz on 25/06/2017 - 19:51

        Oh, cheers mate, got it! But when you say FF points, does that mean Virgin Velocity in any way, or will they just be AMEX ff points? I'm in the Velocity one, but I'm not in any other programs.

        • [Deactivated] on 25/06/2017 - 19:54
          +1

          When I called, the lady made it sound like we would get 20k Velocity points since that's the program we're enrolled in.

        • SaberX on 27/06/2017 - 02:59

          @nurries:

          i thought other posts above mention the 'ascent' which for my amex app is my general amex rewards points in my card (not my virgin frequent flier)? I dont think i even have my velocity FF linked?

    • demiurge on 23/06/2017 - 19:01

      20000 award points is $140 off the credit card bill anyway, so you make money. Why wouldn't you sign up?

  • sarahloup on 23/06/2017 - 06:50

    My husband went through his account to buy insurance but then used my amex card to pay! Will he still get the points do you think? Or maybe I will?!

    • Peck on 23/06/2017 - 10:06

      Interesting one. Please let us know the result. If neither one gets the points after 2 monthly payments then I would cancel. That is my plan for the family's Life Insurance that I have taken out on my 3 Amex accounts. But for me $30 is worth the gamble for 60,000 AMEX points. And there will be 2-3 months life insurance too, which is nothing to be sneezed at.

  • FitLineSale on 23/06/2017 - 10:57
    +1

    Checked with 1800 237 300, couple things confirmed: 1. has to be an AMEX issued card starting with 3760, 2. the offer is running per card which means you can get 2x bonus points if you buy 2 policies on 2 cards, 3. there is currently no end date of this offer, 4. you don't have to stay 6 months, as long as the points arrived (6-8 weeks after first payment - 2nd policy month) you are free to cancel

    • KingJuf on 23/06/2017 - 11:05

      So not eligible on platinum edge card for this?

      • FitLineSale on 23/06/2017 - 11:39

        he told me had to be an amex issued card not bank issued card, and he gave me an example of 3760. Since my essential starting with 3760, I didn't ask for other type

        • SaberX on 27/06/2017 - 02:58

          yes, my platinum edge is 3760 starting with. it'll be fine - otherwise check your card number Arab and you'll know regardless of the card type .

        • KingJuf on 27/06/2017 - 13:56

          @SaberX: My platinum edge starts with 3778, oh well I signed up looks like ill wait and see if it is credited.

        • Uzb9811 on 04/07/2017 - 21:35
          +2

          @ArabMoneeey:

          My Explorer starts with 3778 and received the points absolutely fine.

        • KingJuf on 04/07/2017 - 22:49

          @robbegong: cool thanks for the confirmation! Did you pay the annual fee upfront to receive the points?

        • Uzb9811 on 04/07/2017 - 22:53

          @ArabMoneeey:

          No, I signed up to pay monthly but I did so back in May - the promo has been going for longer than it was posted here as a deal. The first month is free, so I was charged the first premium on 5 June, points landed straight away when that happened. Now I'm just paying monthly and will cancel at some point.

      • Heybargain on 27/07/2017 - 10:36

        i used a platinum edge and have received the points

        • KingJuf on 27/07/2017 - 10:39

          Same, got mine on plat edge!

    • Peck on 23/06/2017 - 12:22
      +1

      I will be following the T & C's. If I get the points then I will not be cancelling within 6 months of commencement date. It is not money lost, as you are getting something for it. IE life insurance.

    • demiurge on 23/06/2017 - 19:03

      3760? My Essential is 3778!

    • DaHuntz on 26/06/2017 - 17:54

      but Amex has the right to cancel the bonus points if you cancel before 6 months.

  • jabroni on 23/06/2017 - 13:55
    +1

    so i followed it up and got this response but reading through the new comments i didnt use the 3760 card :(

    Further to your recent email enquiry, there is a campaign in place for Amex Ezicover Life Policies that are taken out this month, 20,000 Amex bonus points are offered on the second months premium paid.

    For more information please consult the below website: www.amexmylife.com.au.

    Should you have any further enquiries or wish to discuss any of the above information, please do not hesitate to contact our Client Service Centre on 131 551 and we will be happy to assist. Please note that any reply to this email will be responded to within 5 days.

    Yours sincerely

    Ana Coelho
    Client Service Consultant
    Zurich Australia Limited

    • Rusty4 on 23/06/2017 - 14:29
      +1

      Interesting that they say "policies that are taken out this month". The general consensus here is that it is valid until the 31st of July (which I thought was strange given this is likely to get new customers before EOFY).

      • lookwithin on 25/06/2017 - 01:28
        +1

        Looking at the comments, the policy has to be taken out by 30 June 2017

        See this:
        https://www.ozbargain.com.au/comment/4804463/redir

        The references to July are related to when people expect points to be credited.

        • Rusty4 on 25/06/2017 - 08:57

          I was referring to the deal expiry (which should be changed!) and a comment before the T&C were posted I believe, but thanks for the clarity, need to get on this ASAP! I'm just waiting for my Velocity card to come!

    • [Deactivated] on 25/06/2017 - 19:59

      I followed your link and got this:

      "American Express Ezicover MyLife Quote"

      where as if you follow the insurance link through the AmEx website you get this:

      "American Express Ezicover Life Insurance Quote"

      Is one eligible and the other not? They're not very clear about this.

      • zeezaw on 25/06/2017 - 20:48

        Both are eligible but the Ezicover Life has a minimum cover of $50k instead of $200k, which means a lower premium.

        • [Deactivated] on 25/06/2017 - 21:14

          Good to know. Thanks!

        • SaberX on 27/06/2017 - 02:56

          So should we therefore be following the "ezicover life" through amex website rather than the my life link posted, if we want to get the cheapest ($60) cover for 6 months to get the free points?

  • cloudy on 26/06/2017 - 13:09

    Guys, I signed up on Friday and I've been checking my Amex account and I haven't been charged, anyone know why? I've received a email from Zurich advising I've applied and accepted.

  • SydOzber on 26/06/2017 - 15:55

    thanks OP.
    Submitted my application today.

    Can anyone confirm if there was a Pre-Auth on the card ?

    also, I haven't seen where it was mentioned as First month free.

  • Coops1 on 26/06/2017 - 21:06
    +1

    Signed up Number 1 daughter -with permission- on a lower premium <$5 (mine was $15+pm!) with payments from my Amex (not her supplementary Amex!). Hopefully will work!?

  • SaberX on 27/06/2017 - 02:45

    It states for platinum edge it is 20,000 ascent points - this is virgin velocity right?

    Is there no way to just get the membership reward points that are just iny our normal amex card - so I can redeem it for gift cards/direct amex offers (e.g. sometimes they offer shop small +25% redemption on using your point sto pay off charges).

    Everyone keeps talking about how this is worth krisflyer points, air asia points etc. I keep seeing these news articles of how to game the system by flying on the cheap by using and obtaining points wherever possible, promotions like this etc. I really have no clue as to how much a 1 point of a frequent flyer is worth and what that coudl get you. Can anyone recommend a comprehensive website that perhaps explains how to do all this? Perhaps gives breakdown of what each different major airlines around the world's point system is worth, how much to get a free flight etc??

    I have bene reluctant to get frequent flyer point linked cards as I have only ever known using rewards points for the credit card direct, but it seems like alot of peole are getting great flight deals by using points. Getting married and honeymoon would require flights to europe , and i do fly virgin - with the now $200 credit voucher i could use supplementary $$ in order to catch flights over to melbourne etc. Would appreciate if someone who knows the points system well can point me in the right direction? THanks!

    • T-man on 27/06/2017 - 07:56
      +2

      You should find illumination posts, he is an expert in credit cards and a very helpful Ozbargain member.

      Amex has 3 different Membership Rewards (MR): Gateway, Ascent and Ascent Premium. From there you can transfer membership reward points to different airlines and hotels at different ratio
      Gateway 4:3 (for example 1 MR point = 0.75 frequent flyer point**)
      Ascent 1:1 (for example 1 MR = 1 frequent flyer point)
      Ascent Premium is same as Ascent but you can transfer your MR point to Qantas

      **frequent flyer point:
      Asia Miles
      Emirates Skywards
      Etihad Guest
      Malaysian Airlines Enrich
      Singapore Airlines KrisFlyer
      THAI Royal Orchid Plus
      Velocity Frequent Flyer

      Basically, in regard to this deal, if you can get 20,000 MR Ascent, that means you can convert them to 20,000 Velocity or Asia Miles…Does it make sense? Please ask or PM me if you have any other questions.

      • SaberX on 28/06/2017 - 03:15

        Thanks! where should I find T-man's posts?

        So the frequent flyer points that I can change to with the ascent program can be any of those airlines: asia miles, emirates all th eway down to velocity FF that you mentioned?

        I guess my question is given all the programs how you game the system in terms of which is best to use and book flights or use points etc? I assume some are more advantageous? For now I assume one can just keep their points in ascent points pending knowing which one to transfer to? Although I do notice at times vigin give 25% bonus points on transfer etc, so i assume these deals are alot more advantageous?

        I guess the next question is how to get the life insurance to show the offer- i logged into my amex online but couldn't see any offer or wording about the 20,000 points.

        • DaHuntz on 02/08/2017 - 19:03

          check pointhacks.com.au

  • jabroni on 28/06/2017 - 19:08
    +1

    ok so rang zurich to cancel and they said they need a signed letter emailed to [email protected] to cancel it

    so obviously i asked like "are you saying a word document with just the words "please cancel this policy number 800#####" was enough if it had my signature and he said yes

    sounds really weird way to cancel and wondering if anyone else got the same response or was he fibbing?

    • cloudy on 28/06/2017 - 21:09

      did u get the points already?

      • jabroni on 28/06/2017 - 21:18

        no i used a non 3760 card so im trying to cancel it and apply with another amex

        • cloudy on 28/06/2017 - 21:21

          did u get information saying only 3760 cards? There's been a lot of different information written :(

        • jabroni on 29/06/2017 - 01:51

          @cloudy: no amex said to talk to zurich then zurich said to talk to amex so i complained on amex fb site and sent them an email but reading all the comments it seems 3760 is supported and no bank amexes allowed

        • SaberX on 29/06/2017 - 03:39

          @jabroni:

          i'm abit confused - i have a 3760 card, but when you login to amex and select insurance, there isn't any writing or prompts on the 20,000 free pionts? Zilch? Do you then proceed to the link ont he page to zurich for a quote and just assume this deal is valid - i know alot of people have said it is, but always great to see some ounce of promotional material to confirm, which seems to be absent to date.

        • cloudy on 29/06/2017 - 08:31

          @SaberX:

          Yea, I have signed up on blind faith ozbargain is correct, willing to fork out 2 premiums to find out which is about $10.

          I'll let you know, though it won't help since u need to sign up by 30th, so u gotta risk it yourself,

          But if after the 2nd payment I don't get points, Ill report back,so hopefully anyone else can cancel and save a months premium.

        • nightelves on 03/07/2017 - 11:48

          @jabroni:

          I'm assuming the 3760 is the Platinum Charge card which is eligible.

        • jabroni on 03/07/2017 - 13:55

          @cloudy: i got an email reply

          Hi

          Thanks for your two emails. The bonus points won’t be applicable to a bank issued American Express, however if you check the T&Cs for the promotion, you should see if you qualify using your American Express issued card with the eligible rewards program.

          Offer only available to new American Express Ezicover Insurance Policy Holders who are Australian residents aged between 19 and 69, who apply by 31 July 2017, are approved and have purchased their policy using an eligible American Express Card that is enrolled in an eligible rewards program. American Express reserves the right to reverse your points should you cancel your policy within 6 months of the commencement date. Eligible rewards programs include Membership Rewards program, Qantas Frequent Flyer program and Velocity Frequent Flyer program. The following are not Eligible Cards: Bank Issued American Express Cards, David Jones American Express Cards, Business Cards that are affiliated with a wholesale partner, American Express Business Travel Accounts, Government Cards, Corporate Purchasing Cards, Corporate Meeting Cards and Corporate Cards. Bonus Points will be allocated once per Card account, therefore Card Members who currently hold or have previously purchased an American Express Ezicover Insurance product are ineligible for this offer. Please allow 8 -10 weeks from payment of your first monthly or annual premium for the 20,000 bonus points to be credited to your rewards program.

          Public Affairs Social Media Team – Australia & New Zealand | American Express
          URL: facebook.com/americanexpressaustralia

    • nightelves on 03/07/2017 - 11:46

      Yeap that's how I cancelled my policy as well.

  • donbot on 28/06/2017 - 21:19

    Did it for me and mrs tizey - hopefully 40k points coming soon on Plat Charges. Might try it yet on mrs tizey Explorer… undecided yet.

    Opted to speed it up - pay the annual premium in full after reports of points being allocated once first payments made.. didnt want to wait a month given card has to be cancelled by end of July. About $40-50 each. Worth it for the extra points hands down.

    Thanks OP.

  • lainey13 on 29/06/2017 - 21:09

    I said I did scuba diving and now it has been excluded from the cover I've taken out. Not a huge problem for me because I only dive overseas and have travel insurance for it but still.. didn't result in a lower premium so that's annoying. Was $4.xx.

  • Rusty4 on 30/06/2017 - 09:00

    Finally got my Velocity Platinum card last night and signed up this morning. Just in time!

  • googoogaga on 30/06/2017 - 09:59

    has anyone been charged yet for the first month? i applied on the 22nd of June and haven't been charged yet

    • donbot on 30/06/2017 - 10:13
      +1

      I applied Wednesday night, but opted for annual payment instead of monthly (my annual fee hits end of July - I want the points and cancel the card prior to annual fee being charged).

      I've had the annual payment taken overnight last night, but the charge is still sitting as pending. Hoping that once it clears in the next few days, the 20k bonus points hit.

      Annual premium cost $40 odd dollars compared to $4-5/month.. still a good return for 20k points if it comes off.

    • SydOzber on 30/06/2017 - 10:13
      +1

      1st month is free

      • FeZZa21 on 30/06/2017 - 12:22

        That explains why I haven't been charged yet even though I applied on 21st. So points will only show after first charge?

        • SydOzber on 30/06/2017 - 15:23

          Yes as per T&C

  • jabroni on 30/06/2017 - 20:55
    +2

    got a reply

    Hi

    Thanks for your two emails. The bonus points won’t be applicable to a bank issued American Express, however if you check the T&Cs for the promotion, you should see if you qualify using your American Express issued card with the eligible rewards program.

    Offer only available to new American Express Ezicover Insurance Policy Holders who are Australian residents aged between 19 and 69, who apply by 31 July 2017, are approved and have purchased their policy using an eligible American Express Card that is enrolled in an eligible rewards program. American Express reserves the right to reverse your points should you cancel your policy within 6 months of the commencement date. Eligible rewards programs include Membership Rewards program, Qantas Frequent Flyer program and Velocity Frequent Flyer program. The following are not Eligible Cards: Bank Issued American Express Cards, David Jones American Express Cards, Business Cards that are affiliated with a wholesale partner, American Express Business Travel Accounts, Government Cards, Corporate Purchasing Cards, Corporate Meeting Cards and Corporate Cards. Bonus Points will be allocated once per Card account, therefore Card Members who currently hold or have previously purchased an American Express Ezicover Insurance product are ineligible for this offer. Please allow 8 -10 weeks from payment of your first monthly or annual premium for the 20,000 bonus points to be credited to your rewards program.

    Public Affairs Social Media Team – Australia & New Zealand | American Express
    URL: facebook.com/americanexpressaustralia

  • coolsteps on 03/07/2017 - 09:06
    +1

    can anyone confirm that they got the 20k if apply with a supplementary amex issued card?

    • Peck on 05/07/2017 - 14:16

      The t&c's say once per card account, and as it is on the same card account as the primary card, I am guessing that you won't get the points on primary AND Supp. card, but if anyone has, then that would be good to know.

  • donbot on 03/07/2017 - 10:21
    +1

    Thanks OP - points credited this morning after pending transaction cleared. DId it for both me & mrs tizey. Selected to pay an annual premium to speed it up rather than monthly.

    For the record:
    - Signed up 28/6
    - Annual payment taken from cards 29/6
    - Transaction settled from Pending today
    - 20K points hit main cardholder accounts today.

    Circa $100 for 40k Ascent Premium points (Plat Charge) = definitely worthwhile!

    • schmucky on 03/07/2017 - 10:59

      Thanks Tizey. Nice to know it worked for you. I signed up for the Platinum Charge because of your post. :). Alas $1,200 poorer, this softens the blow a bit.

      • nightelves on 03/07/2017 - 11:50

        Sign up for both Priority Pass card and get all your hotel elite status done as well. It'll definitely soften the blow a lot more.

    • nightelves on 03/07/2017 - 11:51
      +1

      Dang I should have did that. I wonder if it's possible to change to annual payment now.

      • schmucky on 03/07/2017 - 12:57

        Signed up for the Priority Pass but haven't traveled much this year so haven't got much use out of it. Was going to try use the complementary car rental insurance with some nice cars that I would never be able to afford. :)

        Probably only suggest the annual payment option if you need the points asap to close the account. Otherwise should credit in the next month or so.

        • nightelves on 03/07/2017 - 13:00

          I need the points credited to avoid paying the annual fee.

      • Spizz on 03/07/2017 - 21:33

        As do I.

    • SaberX on 03/07/2017 - 22:12

      i assume the only downside is you save 6 months if you go for 6 months then cancel? Whereas with the annual payment you get a year's coverage, points instantly, and you still needt o hold for 6 months (well why wouldn't you given you've paid a full year) - so best suits those who don't mind having the insurance altogether for the year and longer?

      • tio on 04/07/2017 - 10:43

        Usually you'll get pro-rata refund if you cancel mid way through, I would have guess.

    • cloudy on 04/07/2017 - 18:15

      Hi Tizey, wondering if you can help with a few questions, since there is a bit of confusion.

      what Amex card do you use?
      Does ur amex start with 3760?
      Which insurance did u buy? EziCover MyLife insurance or the other one?

      thanks

      • donbot on 04/07/2017 - 19:25

        No probs.

        Amex plat charge - both cards were primary cards starting with 3760. I bought mine with my card, Mrs tizey bought hers with her card.

        American Express Ezicover Life Insurance is what I bought. Circa $5/month for $50k of cover… Not sure which one that is from your description.

        Hasn't the ship sailed.. it was a 30 June cut-off??

        • cloudy on 04/07/2017 - 19:49

          Yea, I bought it already, but my card doesn't start with 3760. Some people has said its required, others hasn't mentioned it. So I guess I'm taking the risk, since my card doesn't start with 3760, but is a platinum edge (which some people has said is fine).

          So I'm risking paying the 1 month fee, to see if I get points basically :)

        • donbot on 04/07/2017 - 21:16

          @cloudy:

          Ah cool. Good luck. Hopefully it comes off and you get the points :)

        • Uzb9811 on 04/07/2017 - 21:34
          +1

          @cloudy:

          Don't worry about the 3760 thing - it's not mentioned in the official terms and conditions, and I can personally confirm I received the points no problems at all on my card starting with 3778 (Explorer).

        • cloudy on 04/07/2017 - 22:18

          @robbegong:

          Thanks Robbe!

        • nightelves on 05/07/2017 - 09:50

          High rollers. You should try purchasing on the Centurion card to see if you get additional points.

  • banzini on 04/07/2017 - 21:51

    Did this expire on 30/6 or has anyone been successful with verification from amex that this deal still is valid after Jul 1? cheers

  • squarepants on 05/07/2017 - 14:39

    Can you apply for a family member on your primary card or is it just yourself?

  • bbqwer on 07/07/2017 - 09:50
    +1

    1 done = 20,000 amex MR posted today :) very happy. I paid annualy $57.52

    Waiting for another 3 amex bonus points ( signed up my whole family ). The other 3 are monthly charges. If all goes well, the cheapest 80,000 MR points :)

    • nightelves on 11/07/2017 - 11:49

      You do know you need 4 primary cards in order to achieve that right?

      • bbqwer on 11/07/2017 - 13:28

        Yes correct. Me and wife each have amex explorer and edge.

        • nightelves on 11/07/2017 - 14:06

          Great! You're all set! I'm on my third one atm. Definitely not a bad points earner by all means.

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