Guaranteed Inheritance Plan
Life cover with a few health questions which guarantees a payout. Once accepted, you’re fully covered from day one, with payouts between £5,000 and £50,000.
Get a free quoteWhat our customers say: 
Natasha McCartney “Easy to set up and straight forward” 
What our customers say:
“Easy to set up and straight forward”
– Natasha McCartney
What is the Guaranteed Inheritance Plan?
It’s life insurance that gives you cover from day one – and allows you to leave your family a large cash payout. Just imagine what your loved ones could do with that - a new car, a deposit on a house, a once-in-a-lifetime holiday?
And because it’s a ‘whole of life’ cover, it guarantees you a payout when you die – however long you live.
How does it work?
In exchange for a few simple health questions, we may be able to offer you a bigger payout. If you’re in reasonably good health, our Guaranteed Inheritance Plan could be just right for you.
Here’s an example:
A healthy 50-year-old non-smoker would get a payout of £5,000 for just £7.26 a month, or a payout of £10,000 for just £14.52 a month. The younger you are when you start your Guaranteed Inheritance plan, the bigger your payout can be.
Why choose a Guaranteed Inheritance Plan?
- Guaranteed payout. Your cover is for life.
- Cover starts immediately
- Premiums never go up – they stay the same
- For customers aged 49 to 75
- Leave up to £50,000
- You get a FREE £135 gift card. T&Cs apply
Important to know
- Premiums are payable for your lifetime or until your 90th birthday. If you stop paying your premiums earlier, your insurance will end, and you won’t get anything back.
- Depending on how long you live, you could pay more in premiums than the cash sum paid out.
- Because the cash sum is fixed, inflation will reduce its buying power over time.
- You must answer all the application questions truthfully and accurately in order to get the guaranteed payout.
- Cover begins immediately, although in the first year, suicide or death from self-inflicted injury are excluded.
- Acceptance, premiums and payout depend on your age, lifestyle and medical history.
- This product does not provide cover for potential inheritance tax liability. If you do not name a beneficiary(s) when taking out your plan, the cash sum may be paid to your estate and could be subject to inheritance tax.
- Policy Conditions apply
Compare our over 50s insurance
The Guaranteed Inheritance Plan could let you leave a bigger nest egg for your loved ones, and it guarantees to pay out. Here's how our whole of life insurance options compare.
| Plan | Guaranteed Inheritance Plan | Guaranteed over 50s plan |
|---|---|---|
| Policies start between | 49-75 years old | 49-85 years old |
| Max cover amount1 | £50,000 | £18,000 |
| Cover amount for just over £21 per month2 | £9,000 | £4,742 |
| Full life cover starts | Immediately | 1 year |
| Medical questions |  |
 |
| Guaranteed acceptance | |
|
1 – Maximum cover depends on your age, smoker status, and in the case of the Guaranteed Inheritance Plan, your medical history. The amounts shown here may be different. Maximum cover is the maximum sum assured available across all policies held for each product.
2 – Guaranteed Inheritance Plan example based on £21.37 premiums per month and cover example is based on a new customer aged 60 years old, non-smoker, in good health and accepted at standard rates. Guaranteed Over 50s Plan payout example based on £21 premiums per month and is based on a new customer aged 60 years old, non-smoker.
Your free SunLife welcome gift
As a special thank you for taking out a plan, we'll send you a free welcome gift card, worth £135! It'll be yours to spend in all your favourite shops like M&S, Argos and Boots. T&Cs apply
There’s nothing else quite like it
The Guaranteed Inheritance Plan could let you leave a substantial nest egg for your loved ones.
And it guarantees to pay out. Here's how it compares to a typical term life insurance policy.
Typical ‘Term Life Insurance’ plan
Typically offers the biggest payouts. Often used to cover the term of a mortgage. It only pays out if you die during the agreed term of your cover. Your loved ones won't get a payout if you die after the term ends. Detailed health questions are usually asked.
Pros
- Same premium, higher payout
- Protect a range of expenses, that may include a mortgage or rent for your loved ones
- Immediate cover (from day one of acceptance)
- Policy can start between 18 and 80 years old.
Cons
- Payout guaranteed only during the set term. No cover at the end of the term
- More detailed health and lifestyle questions to answer
- Acceptance is not guaranteed
The SunLife Guaranteed Inheritance Plan
Payouts from £5,000 to £50,000 - depending on your age, smoker status and health. Cover starts from day one. As long as you answer the simple health questions truthfully and accurately and you’re accepted, your payout is guaranteed.
Pros
- Payout guaranteed no matter how long live
- Less health questions
- Immediate cover (from day one of acceptance)
- Fixed premiums for fixed sum payout
- Cover can start from 49 and continues until the end of your life, whatever the age
Cons
- Maximum payout capped at £50,000
- Lower payout than a typical term policy for same premium
- Acceptance is not guaranteed
Add a beneficiary for a quicker payout
When you complete your application for a Guaranteed Inheritance Plan, you’ll have the option to name the loved ones you'd like the payout to go to (known as your 'beneficiaries'). So long as you name a beneficiary when taking out your policy, you can then add, change and remove beneficiaries at any time.
Naming your beneficiaries when you get your plan will make the process quicker and easier, and could make all the difference when the time comes.
Eligibility and key documents
To apply for the SunLife Guaranteed Inheritance plan you need to:
- Be aged 49-75
- Be a permanent UK resident with a UK bank account
- Answer a few simple health questions truthfully
Your Inheritance guide
Download our free guide written by financial expert and journalist, Jeff Salway.
Already a Guaranteed Inheritance Plan customer? Get help here
If you can't find what you’re looking for, contact us and we’ll help you get in touch with the right person.
How to make a claim
Here's how to make a claim or register a death
How to make a change
If you need to make a change to your details or your plan
Top up your plan
If you would like to increase your payout
Other products and services we offer
Guaranteed Over 50 Plan
Over 50s life insurance with guaranteed acceptance, no medical and a guaranteed cash payout. Your full cover starts after a year and the payout could be used to cover part, or all of your funeral costs.
Equity Release
Release some of the cash tied up in your home, tax free, to use however you wish.
Sources and information
- Gift card – sent after you've paid 6 months' premiums. We reserve the right to withdraw this offer at any time. Go to sunlife.co.uk/guaranteed-inheritance-plan/giftcard for T&Cs.
For additional verification of the information we provide please visit the verify page.
Legal and regulatory information
SunLife Limited acts as an authorised distributor of Insurance Products. SunLife Limited, Registered office: 1 Wythall Green Way, Wythall, Birmingham, B47 6WG, United Kingdom. Registered in England and Wales, number 05460862. SunLife Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (reference number: 769427).
The policy is manufactured, administered and underwritten by iptiQ Life S.A. UK Branch. iptiQ Life S.A. is a public limited company (societé anonyme) incorporated and registered in Luxembourg, authorised and regulated by Le Commissariat aux Assurances, Registered Office 2, rue Edward Steichen, L-2540 Luxembourg, Grand-Duchy of Luxembourg. iptiQ Life S.A. UK Branch is registered in England and Wales under registration number BR017015 with registered office 30 St Mary Axe, London EC3A 8EP and is a UK Branch of an Overseas Firm authorised by the Prudential Regulation Authority, subject to Regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.