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Compare Guaranteed life insurance UK

If you’ve found us, chances are you’re curious about guaranteed life insurance but don’t know much about it or where to get it. Don’t worry, we’re here to explain everything you need to know and give you as much (hopefully) useful information as we can.

We’ve spoken to thousands of frustrated customers who have struggled in the past to find suitable life insurance to protect their family. Well, guaranteed life insurance is exactly what it sounds like – the insurer is guaranteed to accept your application.

Guaranteed life insurance can be a great option for people who are finding it hard to get life cover due to their health, occupation or maybe even a high-risk hobby. It’s a quicker and simpler way to get the cover you need and is often more affordable than you think.

Why are we guaranteed life insurance experts?

With over 20 years of expertise, we like to think we know a lot about all types of life insurance. Guaranteed life insurance is one of many products that we help with every single day to protect families and homes across the UK.

We can answer any question you might have such as:

  • How does guaranteed life cover work?
  • Is guaranteed life insurance my only option if I have medical conditions?
  • What is the best guaranteed acceptance life cover?

Guaranteed life insurance isn’t for everyone but can be a great option for some people. We will give you all the facts you need to help you decide if it’s right for you.

Five Stars

Rated "Excellent" 5 out of 5

"This company went above & beyond to get me cover even though I have MS, I am very happy I managed to get cover, Amazing staff, Dean went above & beyond, I highly rate this company."

by Elizabeth Turner-Long - 9th August 2023

With guaranteed life insurance, you can get the life cover you need far more quickly than with a standard policy. This is because you won’t be asked any medical questions or for extra information e.g. a GP report.

A lot of the people we speak to have very busy lives due to work, family life or hobbies. If you have a demanding job or active lifestyle, guaranteed life insurance can save you the hassle of a lengthy application process.

What is guaranteed life insurance?

Guaranteed life insurance is a type of guaranteed acceptance life insurance. This means that the insurer must accept your application – and without any medical questions.

Guaranteed life insurance can be very helpful for people who have serious health conditions or lifestyle factors that could make getting life insurance a little more complicated.

Other benefits of guaranteed life insurance:

  • Fixed monthly premiums (price never changes)
  • Options to increase cover (depends on the insurer)
  • GUARANTEED to pay out to your loved ones (after the minimum policy term, usually 12 or 24 months)

YES – Unlike certain policies which can include restrictions, anyone can be accepted for guaranteed life insurance.

Lots of the people we speak to assume that guaranteed life insurance is only available for people over 50. This makes sense as a lot of marketing for this type of policy in the past has focused on companies like SunLife and OneFamily that specialise in over 50s life cover.

The great news is that you can get guaranteed life insurance under 50, you just need to know where to look.

Some of the UK’S TOP LIFE INSURANCE COMPANIES offer guaranteed acceptance life insurance and we are proud to partner with several including:

Guaranteed life insurance can also be a good choice for people with certain medical conditions, and there are lots of reasons someone with health issues might prefer this type of cover. It’s usually faster and simpler to get the cover you want, and you don’t need to deal with any medical questions.

Conditions suitable for guaranteed life insurance:

One reason why you might want guaranteed life insurance is that it pretty much always pays out at the point of claim. This is something that can be reassuring for anyone worried that their policy might not pay out for one reason or another.

We’re all about transparency here and will always make sure you have the full picture. There are a couple of occasions where your policy might not pay out (or won’t pay out the full amount).

  1. You stop paying your premiums (unless your policy allows you to stop paying after a certain age e.g age 90)
  2. You died within the first 12-24 months of your policy (some insurers will refund premiums paid rather than pay out the full cover amount)

How does guaranteed life insurance work?

Guaranteed life insurance is essentially the same as any other life insurance policy. It pays out a cash lump sum to your loved ones in the event of your death. You can choose how much cover (£s) you need which your family can use for things such as:

  • Funeral costs
  • Repaying debts
  • Making memories together (cash gift)

The application process for guaranteed cover is simple and easy as you don’t need to provide any health or lifestyle information. Other features of guaranteed life insurance include:

  • Fixed monthly payments
  • Option to write your policy into trust
  • Additional perks e.g funeral benefit/accidental death cover (depends on insurer)

How much does guaranteed life insurance cost?

We’re proud to be the UK’s #1 DISCOUNT life insurance specialists, so we understand the need to stick to a budget. The main factors that will affect the price of a guaranteed life insurance policy are:

  • Your age
  • How much cover you want (£s)
  • The provider you choose

If you want to save money on guaranteed life insurance, here are our top tips:

  1. Check available prices across multiple providers
  2. Set a budget that you can afford long term
  3. Choose a lower amount of cover (£s)
  4. Try and buy earlier in life (prices go up as we get older)
  5. Speak to a life insurance expert for more advice

What is the best guaranteed life insurance?

In our opinion, there isn’t one ‘best’ life insurance policy. Everyone is different and what suits one person might not suit someone else. There are a few things to consider though that will help narrow down your options:

  • How much cover (£s) do you need?
  • How much can you afford to pay every month?
  • What prices are insurers offering?
  • Do you want extra benefits? E.g. funeral benefit option or accidental death cover

One key thing with guaranteed life policies is that they are often what is known as whole life or ‘whole of life’ insurance.

As the name suggests, this means you are covered for the rest of your life. This is different to term life insurance which covers you for a set number of years e.g. up to age 80.

The monthly payments can be slightly higher because of this, but remember you’re paying for the peace of mind that comes with this type of cover. You have an extra level of security, knowing there shouldn’t be issues with your loved ones struggling to access the pay out from your policy.

Are there alternatives to guaranteed life insurance?

YES – One of the best things about life insurance is there are a lot of different options available. Guaranteed life insurance is great but isn’t going to be the right choice for everyone.

If you want a higher amount of cover (£s), a traditional life insurance policy might be more like what you’re after.

There’s no need to assume that guaranteed cover is your only option due to your health or lifestyle. If you’ve been declined for more traditional cover before, it’s possible you were simply speaking to the wrong insurers.

Other types of life insurance include:

NO medical questions or checksCan cost more for some people compared to traditional life cover
Policy is guaranteed to pay outAmount you can be covered for (£s) is usually lower than with standard policies
Fixed monthly premiums (price never changes)Might not pay out the full amount if you die in the first 12-24 months of the policy
What is guaranteed insurability?Guaranteed insurability is different to guaranteed life insurance.  

A ‘guaranteed insurability option’ is a clause included with some life insurance policies. This allows you to change your cover amount with no additional questions following significant life events.  

This includes:  

Getting married
Getting divorced
Birth of a child/adoption
Moving home
Can you have more than one guaranteed life insurance policy?YES – Some insurers will let you have multiple policies for a higher level of cover.  

This most commonly happens with over 50s plans. Check with your insurer to find out if this is something you are allowed to do.
Can you put guaranteed life insurance into trust?YES – You still have the option to write your life insurance into trust.  

This gives you more control of your policy and lets you specify exactly who benefits from a policy pay out.
Can I get guaranteed life insurance over 40?YES – A lot of people over 40 choose guaranteed life insurance due to health issues.  

It is often far cheaper for someone over 40 with serious medical conditions to take out guaranteed life insurance compared to a standard policy.
Can I get guaranteed life insurance over 50?YES – Over 50s life insurance is a form of guaranteed life insurance.  

These policies are specifically designed for people over age 50 and are widely available.

Useful resources

Finder.com – Life insurance statistics

Statista – Life insurance industry in the United Kingdom (UK)

iam|INSURED – Frequently asked life insurance questions

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