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Guaranteed Inheritance Plan

Life cover with a few health questions for a bigger guaranteed payout

What our customers say:
5 out of 5 stars Trustpilot
Natasha McCartney “Easy to set up and straight forward”
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What is the Guaranteed Inheritance Plan?

The Guaranteed Inheritance Plan is life insurance which guarantees a payout when you die, no matter how long you live. It’s ‘whole of life cover’, that pays out no matter what.

And it lets you leave your family a significant cash gift – £5,000, £10,000, £20,000 – up to £50,000. Just imagine what your loved ones could do with that – a new car, a deposit on a house, a once-in-a-lifetime holiday.

How does it work?

In exchange for a few simple health questions, we’re able to offer you a bigger payout. That’s all there is to it. So if you’re in reasonably good health, our simple and certain Guaranteed Inheritance Plan could be just right for you.

Example: The younger you are when you start your inheritance plan, the bigger your payout. A healthy 50-year-old non-smoker would get a payout of £5,000 for just £9.55 a month, or a payout of £10,000 for just £19.11 a month.

Get your quick quote   

Why choose a Guaranteed Inheritance Plan?

  • You can leave as much £50,000
  • Your cover will last a lifetime – payout is guaranteed
  • Cover starts immediately
  • Affordable premiums from just £9.95 a month
  • Premiums never go up – they stay the same
  • For customers aged 49 to 75
  • For a limited time only we'll send you a free £135 gift card, offer ends 31st July

There’s nothing else quite like it

The Guaranteed Inheritance Plan lets you leave a nest egg for your loved ones, and it guarantees to pay out. Here's how it compares to other types of life insurance...

Term life insurance

Typically offers the biggest payouts. Often used to cover the term of a mortgage. It does NOT guarantee to payout though – if you die after the term of your cover, your loved ones won't get a payout. Detailed health questions are usually needed to take it out.

The SunLife Guaranteed Inheritance Plan

Guarantees payouts up to £50,000. Your loved ones WILL get the inheritance you’ve planned for them, however long you live. Cover starts from day one. You answer just a few quick health questions to take it out.

SunLife’s Guaranteed Over 50 Plan

Often used to help loved ones cover funeral costs. Your payout is 100% guaranteed, no matter how long you live. No health questions are needed, and your acceptance is guaranteed.

Important to know

  • Premiums are payable for life. If you stop paying your premiums 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.
  • Cover begins immediately, although in the first year, suicide or death from self-inflicted injury are excluded.
  • You must answer all the application questions accurately and completely in order to get the guaranteed payout.
  • Acceptance and the premium for any given payout is dependent 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 sum assured may be paid to your estate and could be subject to inheritance tax.
  • Policy Conditions apply

Proud to support the British Heart Foundation.

British Heart Foundation logo

A quick payout, when they need it most

Name your beneficiaries when you complete your application, and they’ll get their payout faster.

Download your free guide to inheritance (PDF 2.6MB)

Your guide to inheritance

Download our free guide written by financial expert and journalist, Jeff Salway. PDF 2.6 MB

Download your guide

Health questions – what to expect

Find out what you can expect from the health questions you'll be asked.

Your SunLife welcome gift

Get a free welcome gift card worth £135 to spend at hundreds of shops.

How to apply and what to expect

You can apply online or over the phone. Here's what to expect when you do.

Eligibility and documents

Check the eligability criteria and key documents for the Guaranteed Inheritance Plan.

Already a customer? Get help here

How to make a claim

Here’s how to make a claim or register a death

Make a claim   

How to make a change

If you need to make a change to your details or your plan

Make a change   

Top up your plan

Increase your payout with another plan, and even better rates

Call 0800 028 81 26   

Answers to your questions

Sources and information

  1. Gift card – sent after you've paid 6 months' premiums. Offer starts 02.05.2024. Offer ends 31.07.2024. Go to for T&Cs.
  2. British Heart Foundation – SunLife will pay £1 from the first payment of every plan to British Heart Foundation Ventures Limited registered as a company in England and Wales No. 02767880, which pays its profits to the British Heart Foundation. Registered Charity Number: 225971 (England and Wales) and SC039426 (Scotland).

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.