Guardian Life Insurance

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Guardian Life Insurance are a famous insurance brand who have been protecting families for 200 years. Guardian was officially founded in 1821 and has offered various financial service products during that time, including Life Insurance. 

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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 Overview

Includes life cover and terminal illness cover  (Critical Illness cover can be added at an additional cost)

Policyholders age  You can take out a policy between 18 and 65 years of age. 

Types of cover available  Guardian offer Level Cover, Decreasing Cover, Increasing Cover and Family Income Benefit policies. 

Policy Term the length of time your policy can run for can be between one and 72 years. 

Maximum Age the policy must end before you turn 90

 

Protection Guru

Gold standard Life Protection

The Finance Planning Group

Protection Provider of the Year 2020

Cover Excellence Awards

Best Individual Critical Illness 2020

Paradigm Awards

Best Critical Illness Provider 2020

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.

 

How to Make a Claim

If you need to make a claim, call Guardian on:
0808 173 1821
Calls to this number are free.

Guardian will take the details over the phone and register the claim. They will then email confirmation, keep you updated and introduce you to Halo. A Claims Specialist will then contact you directly to talk about the additional support they can offer you and your family at a difficult time. 

 

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 30th 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.

 

Guardian Life Insurance Policy Documents

For the Guardian Life Insurance Key Facts and Policy Terms & Conditions documents, see below.

 

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 unparalleled 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.

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  • Critical Ilness
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Life Insurance Guides

Below are our in-depth guides to help you understand Life Insurance better and learn more about how it works. Don't forget our advisers are always at the end of the phone to offer free, expert advice should you prefer to speak to someone in person.