LIFE COVER
Guardian’s life cover helps provide financial protection for your client’s family if they die or are diagnosed with a terminal illness.
We offer 2 life covers:
ESSENTIALS
Our standard range, ideal for clients who want quality cover at a more affordable price.
PROTECTION
Our signature range, ideal for clients who want enhanced cover with quality features.
Product overview
Policy details
Basis: Single life or dual life
Premiums: Guaranteed
Pay outs: Lump sum
Type of cover: Level Cover, Increasing Cover (CPIH), Decreasing Cover (8%)
Minimum age at entry: Age 18
Maximum age at entry: Age 64
Age when cover ends: Age 90
Minimum term: 1 year
Maximum term: 72 years
Minimum cover amount: £25,000
Maximum cover amount: £15 million (higher amounts may be available by contacting us directly at underwriting@guardian1821.co.uk)
Key Product Features
Dual life: Both partners’ cover is kept separate
Premium Waiver: Comes as standard with every policy
Optional Children’s Critical Illness Protection: Can be added to an adult policy anytime
Payout Planner: Nominate up to 9 beneficiaries at appication
Protection Menu: Can be mixed and matched with any cover from either our Essentials or Protection ranges
Lifestyle promise: We may be able to reduce smoker’s premiums if they were paying an increased amount and they subsequently stop smoking
Immediate cover: Pays out a maximum of £300,000 before we offer terms
Guaranteed Increase Option: Increase cover with no underwriting, medical evidence, or application form
Additional Services
HALO: Access to tailored medical and legal support at the point of claim
Anytime: At no extra cost access to a GP 24/7, second medical opinions, wellbeing and aches and pains consultations at any time
HALO and Guardian Anytime don’t form part of your client’s contract with us, and we can change or remove the benefits included at any time.
Dual life
We don’t offer joint life policies. Instead, we offer a dual life approach where both partners’ cover is kept separate. That way, if either partner dies, the other partner’s cover remains in place. Our dual life approach still only requires a single quote, application and direct debit.
Premium Waiver
Premium Waiver comes as standard with every policy, regardless of a client’s age, job or activities. So if we offer someone cover, they automatically get waiver.
With Life Essentials, Premium Waiver is included as standard if your client is too ill to work after a 26-week deferred period.
Optional Children's Critical Illness Protection
Life Essentials policyholders can add Children’s Critical Illness Protection to their adult policy anytime. They can select any amount between £10,000 and £100,000, limited to the parent’s cover amount.
Payout planner
Payout Planner allows your clients to nominate up to 9 beneficiaries when they apply. It’s simple. It’s quick. And it means we can promptly pay the people your clients wanted the money to go to without waiting for probate to be granted.
Part of our Protection Menu
Life Essentials is part of our Protection Menu. So, you can combine with our other cover types from either our Essentials or Protection ranges to create a single policy that meets your client’s needs perfectly.
Lifestyle promise
We may be able to reduce a client’s premium if they were paying an increased amount due to smoking, and they subsequently stop smoking.
Immediate cover
IIf your clients’ cover can’t start right away, we may put Immediate Cover in place for them. This is temporary cover of the same type you’ve applied for, and it starts as soon as you submit the application online to make sure there are no gaps in your clients’ protection.
Immediate Cover pays out a maximum of £300, 000 before we offer terms.
Guaranteed Increase Option
We offer most policyholders the chance to add to their cover with no underwriting, no medical evidence, no application form and no age limit.
Policyholders who have the guaranteed increase option on their policy can add to their cover with no underwriting, no medical evidence, no application form, and no age limit. See policy terms and conditions for more details.
Anniversary emails
Our anniversary emails remind clients of the benefits of their policy, including the additional benefits they can use anytime. It also prompts them to speak to their Financial Adviser if their circumstances have changed. You can view a copy of the emails your clients will receive each policy anniversary below, depending on if they have level or increasing cover.
Plus, at no extra cost access to….
We don’t have a set list of additional services when people claim. Our approach is much more personal, and we call it HALO. Our claims specialists listen to each claimant’s concerns, identify the exact help they need, and through our network of medical and legal experts, make it happen. It’s an extraordinary service, because there’s no such thing as an ordinary claim.
We’re not just here for policyholders when they need to claim. All our customers get free additional benefits – anytime. This includes 24/7 GP consultations over the phone from anywhere in the world, UK-based face-to-face second medical opinions, over the phone consultations for emotional well-being and aches and pains.
