Guaranteed Life Assurance

Choose the monthly premiums you want to pay.

Depending on the amount you wish to leave behind and the monthly premiums you want to pay.

If you are a UK resident and either a non-smoker aged between 50-80 years old or a smoker aged between 50-75 years old, you are guaranteed to be accepted.

You can proceed without answering any medical questions for a standard premium, sum assured and a two-year qualifying period. You also have the option to answer two medical questions to see if you qualify for a discounted premium/increased sum assured and a six-month qualifying period.

If you die following an accident during the first two years of your policy and death is within 90 days of the accident as a result of your injuries, we will pay out the cash lump sum. Please see the Policy Summary for full details.

We will pay a cash lump sum on your death once you’ve had the policy for at least two years. If you die within the first two years other than the result of an accident, we will pay back the premiums you have paid to date.

Making a nomination

Our friendly society status allows us to offer you the opportunity to make a nomination, which will help to make provision for those you care about upon your death.

The benefits of using a nomination are:

• You can name nominee(s) to receive up to £5,000 between them, upon your death. The sum can be paid to either one person, or split amongst multiple people. Nominees need to be aged 16 or over and registered with us as nominees before your death.
• Arranging probate or letters of administration can take several months, even when there is a will. Using a nomination enables up to £5,000 to be paid to your nominee(s) straight away, even before probate or letters of administration are granted.
• If the value of your policy exceeds £5,000 we may require probate or letters of administration before we release the excess amount. This will not affect the immediate pay out of your nomination.
• All we need to pay out the nominated sum is proof of death and our claim form signed by the nominee(s).
• You don’t need legal advice to complete a Nomination Form.

For more information, please click here to visit our nominations page to download a Nomination Form.

Placing your policy in trust

Placing your policy benefits in trust enables you to leave money to a specific beneficiary (or beneficiaries) when you die. It may also have benefits for inheritance tax purposes.

On death, the money is managed by a trustee(s) until the beneficiary is entitled to the money. If you wish to leave money to a child you can ask the trustee(s) to delay payment until they reach a responsible age.

For more information, please click here to visit our trusts page to complete a Trust Form.

A sympathetic approach from our helpful staff.

Your claimant will complete and return a form to us together with any additional information we need. Once approved, we will pay the cash lump sum without further ado.