If you are reading this because you want to leave a lump sum to your loved ones after you are gone, we’re here to help you sort things out.
Our Guaranteed Life Assurance plan offers life cover to anyone who is:
It is a ‘whole of life’ policy which pays out a cash lump sum when you die providing you’ve had the policy for at least two years. If you die within the first two years and it was not an accident, we will pay back the premiums you have paid to date.
If you do die under our definition of an accident at any time, we will pay out the cash lump sum.
Get a quick personalised quote, find out more and apply for Guaranteed Life AssuranceGet my quote
Please note there are other variants of this policy available. If you have been referred to this policy by an intermediary, please ask them for more information. If you are enquiring about an existing policy, please see our existing customers page.
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:
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.
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.
We can explain all the important details and the options available. Call us on: 0333 014 6244.
8am to 6pm Monday to Friday excluding bank holidays. Calls are recorded for training and quality purposes.
Give us a call