Guardian Life Insurance

The History of Guardian

The Company was originally established in 1821 as Guardian Fire & Life and was renamed the Guardian Assurance Company in 1902.

In 1967 it acquired Union Insurance Society of Canton Ltd. In 1968 it then merged with Royal Exchange Assurance to form Guardian Royal Exchange Assurance.

UK financial services giant ReAssure acquired Guardian in 2016 and renamed it ReAssure Life Limited.

ReAssure subsequently sold the Guardian brand to Gryphon Group Holdings, which launched Guardian as a new protection insurance provider in 2018.

Guardian Life Insurance Policy Review

Guardian Life Insurance is a very comprehensive policy with some unique features. They aim to pay out sooner on Life Insurance claims for terminal illnesses and offer a joint policy which pays out for both policyholders. They also include 24/7 access to a digital GP as part of the package.

Guardian Life Insurance Cover

Available options with Guardian Life Insurance

Life Insurance	Guardian Options
Types of Cover offered	Term Life Insurance Decreasing Term Life Insurance Increasing Term Insurance Family Income Benefit
Minimum Age Entry	18 years old
Maximum Age Entry	65 years old
Maximum Benefit	£15,000,000
Terminal Illness Cover	Yes
Premium Type	Guaranteed Renewable Annually increasing

Guardian Life Insurance Key Benefits

Benefit	Details
Faster Critical Illness Cover Payouts	In most claims Guardian only need a written diagnosis from a UK consultant to pay out, rather than waiting for evidence and further questions. They also pay out a percentage of cover for many illnesses that are in the early stages.
Faster Life Protection Payouts	Guardian do not require a doctor confirmation you have less than 12 months to live if you are diagnosed with stage 4 cancer, motor nuerone disease, Creutzfeldt-Jakob disease or Parkinson-plus syndromes, they will pay out even if you are expected to live longer than 12 months.
Joint Policy Double Payout	Couples can take out a joint policy, receive the benefit of a discount, but keep separate cover, so if one of them makes a claim, the other is still protected.
Premium Waiver	If you become too ill to work, Guardian will pay your premiums until you return to work. They will also pay premiums for up to 6 months if you are made redundant or take maternity or paternity leave as long as your policy has been in force for a year.
Digital GP	Guardian Anytime gives you access to a GP 24/7, and a second medical opinion, without the need to claim.C
Claims Support	Claims service HALO offers invaluable support to you and your loved ones during a claim.

Frequently Asked Questions

What happens if I out-live my Term Life Insurance policy?

A Term Life Insurance policy does not provide a cash sum if you are still alive at the end of the term. Premiums tend to be lower for such policies as the majority will out-live their policy. Term Life Insurance policies are generally taken out by people who do not want to leave any financial burden on their family such as mortgage payments.

What is the difference between Over 50’s and Whole of Life Cover?

Both policies will pay out a lump sum upon your death at any age. Generally speaking, Whole of Life cover tends to have cheaper premiums over an Over 50’s plan as you have to disclose your medical information. The most cost effective option for you depends on whether you would benefit from your medical history being disclosed or not. Although the premiums of a Whole of Life policy tend to be lower, you will pay the premium until you pass away, whereas Over 50s plans often have an upper age limit. While your cover will remain, you are no longer required to make payments - usually when you reach 90 years old or the 30^th anniversary of your policy.

Can I add Critical Illness to my Life Insurance?

Yes, should you suffer a serious illness Critical Illness cover will pay out a tax-free sum. This can be an add on to your Life Insurance policy or bought separately. Speak to one of our expert advisors to find out which policy would best suit your needs.

Who gets the money if my children are young when I die?

Setting up a Life Insurance policy is designed to protect loved ones and writing the policy into trust goes a step further in achieving this goal. This enables you to select who would hold the money for your children until they reach a certain age should you die. This will often be a partner, sibling or close friend as they will have a legal responsibility to carry out the wishes of the person creating the trust.

Will my cover cost more as a smoker?

Life Insurance is a risk-based product and so with the significant health impacts that smoking can have on a person, the insurance companies will charge someone a higher premium should they smoke. A smoker is usually defined as someone who has used any nicotine product in the last 12 months although some insurance companies have changed this to longer periods. If you took a policy while smoking and you no longer smoke, you should contact us to review your policy.

Will my cover cost more if I vape?

Vaping is a recent trend which insurance companies and health bodies have had to educate themselves on. The vast majority of e-cigarettes still contain a level of nicotine which can be addictive and so anyone who uses such products will still be classed as a smoker.

Is my premium fixed?

Most people tend to like the idea of their premium never changing as it provides stability and peace of mind – these are known as guaranteed premiums. Reviewable premiums are sometimes opted for whereby the premium can start at a lower amount but increase over of the course of the policy.

Will my Life Insurance payout be taxable?

No, your insurance payout will not be liable for tax.

Why Compare Health & Life Insurance with us?

Here at Usay Compare, we can help you to compare prices and cover from the market leading UK health and life insurance companies such as Aviva, AXA and Bupa. Our service is completely free of charge and we are totally independent and impartial.

Our team of friendly, expert advisers are on the end of the phone, ready to guide you easily through the whole process. They will get to know your unique individual requirements, do all the hard work comparing prices and policies for you; then advise on the best and most cost-effective quote.