The Guaranteed Life Plan
How Does It Work?
So whats the catch? Quite simply, pre-existing conditions are not covered unless you have been symptom free for 2 years after your policy started. In other words, you're covered for anything else. The actual policy wording is:
There is an exclusion for Life Cover for any claim that arises out of any medical condition that existed (including treatment, monitoring, referral, consultations or whilst undergoing tests) in the 3-year period prior to the start date of your policy. This exclusion will not apply if you remain symptom free and do not need to seek treatment or medical advice for a continuous period of 24 months after the start date of your policy.
Who Can Apply & FAQ's
You permanently reside in the United Kingdom, including Northern Ireland
You are aged between 18 and 50 at the start date of the plan
CAN MY PARTNER AND CHILDREN BE COVERED?
Yes, assuming your partner is eligible for the plan, they can also be included. Children cover offering £5,000 life cover is also available – please speak to your adviser for a quote.
WHAT ARE THE KEY EXCLUSIONS?
AIDS, HIV or ARC
Alcohol or drug abuse
Self inflicted injury
Acts of negligence and criminal acts
PEACE OF MIND ON YOUR PREMIUMS
When you take out the plan, you’ll have the reassurance that your premium won’t change for the first 5 years. After this period, we’ll write to you to let you know your new premium, which will be fixed for another 5-year term.
At the first 5-year renewal date following your 56th birthday, your life insurance benefit (and critical illness benefit if chosen) will be reduced by 50% and your premium will be recalculated.
Your life cover will end at the first 5-year renewal date following your 68th birthday. If you have chosen critical illness benefit, this will end at the first 5-year renewal date following your 61st birthday.
SIMPLE AND TRANSPARENT MONTHLY PREMIUMS
Life Cover Only £50,000 £75.000 £100,000
Non-Smoker £13.51 £19.12 £24.73
Smoker £29.63 £43.29 £56.96
Life Cover Plus Critical Illness Cover £50,000 + £25,000 £75,000 + £37,500 £100,000 + £50,000
Non-Smoker £31.50 £46.11 £60.71
Smoker £61.75 £91.48 £121.21
*Prices are indicative and correct on date of publication, please request a tailored quote to confirm price and eligibility
For full policy details and a tailored quote, simply complete the short form below
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