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 Guaranteed Whole of Life Plan

A life assurance plan which pays out a guaranteed cash sum when your client dies, as long as they’ve paid their premiums. Often used to reduce the impact of inheritance tax and offers a range of premium options to suit your client’s needs.


Need more information?

Call our protection sales and support team on:

 0800 056 2181
 Open Monday-Friday, 9am-5pm

Here are some of the features of our Guaranteed Whole of Life Plan:

  • Premiums start from as little as £5 a month.
  • Suitable for inheritance tax planning as the policy can be written under trust.
  • Extra cover feature for increasing cover without medical evidence.
  • Yearly increase option.
  • A straightforward claims process backed up by a dedicated UK-based claims team: your clients can claim online, over the phone or by post.
  • If you pay a regular monthly or yearly premium, there will be no cash in value at any time.

For further information please see the Guaranteed Whole of Life Plan key features document.

Here are some of the facts you need to know about our Guaranteed Whole of Life Plan:





Age limits

Min age


Plans can be taken out individually or jointly.  Your client chooses whether we pay out when the first or second person dies.

Once we pay out, the plan will end.

Clients can take out a plan to cover someone else - such as their spouse or civil partner - on a 'life of another' basis.

Clients aged 79 or under at the start of their plan, will pay premiums until the last plan anniversary before their 90th birthday.

Clients aged between 80 and 89 will pay premiums for 10 years.

There is no minimum/maximum term.  Cover lasts throughout life.

Max age


Payment limits

Min premium

£5 a month/£50 a year

Monthly premiums must be paid by direct debit.  Yearly premiums can be paid by cheque or direct debit.

Single premiums must be paid by cheque.

We won't increase regular premium amounts unless your clients choose the yearly increase option.

Premiums will rise by 5% compound each year, in line with the guaranteed lump sum if clients choose the yearly increase option.

Your clients can only choose the yearly increase option when they take out their plan.

Min single premium



There are no additional charges for your clients to pay. All charges for our Guaranteed Whole of Life Plan are included in their premiums. For further details on charges, please see our Guaranteed Whole of Life Plan key features document.

Here are some examples of the support we offer you and your client on our Guaranteed Whole of Life Plan:

Secure services

  • Quotes/illustrations online
  • Retrieve quotes and applications
  • New business tracking

Our support staff are on hand to help.  You can find the right team to talk to on our contacts page.

If your clients want to write their Guaranteed Whole of Life Plan under trust, our Guide to protection trusts and trust flyer can help.

Useful customer documents:

Protection calculator – how much cover do I need?

Here is some information to help you decide if our Guaranteed Whole of Life Plan is right for your client:

 It’s been designed for clients who:

  • Want a guaranteed payout on death.
  • Anticipate IHT liabilities.
  • Want to leave an inheritance.
  • Want guaranteed premiums.

It’s unlikely to be suitable for clients who:

  • Want an investment-linked arrangement.
  • Want cover for a set term.
  • Want a cash-in value (a cash in value would only be paid in circumstances where the client has paid a single premium. In this case, the cash in value would always be less than the premiums paid).

What do your clients need to think about?

  • If they have a will.
  • Trusts.
  • Level of cover required.
  • Existing levels of cover.
  • How long they will need to support their dependants.
  • Their current health.
  • Any financial liabilities that they may have.
  • Level of flexibility needed.
  • Future changes in their circumstances.
  • IHT rules.
  • Inflation.

Possible alternatives:

  • Self-insurance using existing assets.
  • Estate planning.
  • Other whole of life policies.

If a claim needs to be made, we’ll do all we can to make the process straightforward at what is an incredibly difficult time.

From help with filling out paperwork to answering questions about funeral arrangements, we’ll be there when we're needed the most.

To make a claim, call our team on:

 0800 015 1142

The process can also be started online. Our dedicated claims website includes a form that can be completed to tell us if a claim needs to be made. There’s also a step-by-step guide to making a claim and the answers to frequently asked questions.

Contact us

You can find contact details for each product area in the drop-down list:

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WA02176 10/2016