Guaranteed Inheritance Plan
Life cover with a few health questions for a bigger guaranteed payout
What our customers say: 
Natasha McCartney “Easy to set up and straight forward” 
What our customers say:
Natasha McCartney “Easy to set up and straight forward”
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.
More about the Guaranteed Inheritance Plan
The Guaranteed Inheritance Plan is ‘whole-of-life insurance’, which means as long as you continue paying your premiums, it will pay out when you die, no matter how long you live.
This is different from ‘term life insurance’ which covers you for a fixed period. This is often used to cover things like paying off a mortgage if you die unexpectedly within the term.
With the Guaranteed Inheritance Plan, the size of the payout depends on your answers to the health questions, and what monthly premium you choose. The premiums never go up, giving you lifelong peace of mind, and you’re fully covered from day one.
Get a free quote today to see what cash inheritance you could leave your family.
Key features of the Guaranteed Inheritance Plan
- Full cover from day one
- Covers you for your entire life
- Payouts up to £50,000
- The costs never go up, and you know exactly what your payout will be
- We'll send you a free £140 gift card to spend in lots of your favourite high street shops. Offer ends 27th November
Prefer to speak to someone? Give our friendly team a call on 0800 028 81 26 (Mon-Fri: 8am-8pm, Sat-Sun: 9am-5pm)
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.
Why choose a Guaranteed Inheritance Plan?
- You can leave as much as £50,000
- Your cover will last a lifetime – payout is guaranteed
- Cover starts immediately
- Affordable premiums from just £9.55 a month
- Premiums never go up – they stay the same
- For customers aged 49 to 75
- We'll send you a free £140 gift card to spend in lots of your favourite high street shops. Offer ends 27th November
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.
A quick payout, when they need it most
Name your beneficiaries when you complete your application, and they’ll get their payout faster.
An easy way to give them peace of mind – fast
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’).
While you don’t have to name them, doing so means they’ll get their payout without it having to go through probate. And that could be a huge help to them at a difficult time.
Adding just one beneficiary when you apply gives you the option to change, add and remove beneficiaries at any time.
If you choose not to add your beneficiaries when you apply, you won’t have the option to add them later on, and your payout may need to go through probate. This means your loved ones will have to wait longer for the money.
So naming your beneficiaries when you get your plan could make all the difference when the time comes.
Prefer to speak to someone? Give our friendly team a call on 0800 028 81 26 (Mon-Fri: 8am-8pm, Sat-Sun: 9am-5pm)
Your guide to inheritance
Download our free guide written by financial expert and journalist, Jeff Salway. PDF 2.6 MB
Health questions – what to expect
Find out what you can expect from the health questions you'll be asked.
What you can expect from the health questions
During your application for the Guaranteed Inheritance Plan, you’ll be asked just a few health questions. It’s really important to answer them truthfully as your payout is only guaranteed if you do. Here’s what you can expect…
The type of questions
You’ll be asked five key questions, and depending on your answers you may be asked for more details. The core questions cover:
- if you have a diagnosed condition relating to cancer or your heart
- whether you have a serious incurable disease
- any medical investigations that are underway
- what support or treatment you may be receiving
- your height and weight
Am I likely to be accepted?
You don’t have to have a perfect bill of health to get a Guaranteed Inheritance Plan. If you’re not sure, the best thing to do is get a quote. It will give you a quick idea of what you can get before you’re asked the health questions. And after the health questions it’ll let you know for certain if you can be offered a plan.
Prefer to speak to someone? Give our friendly team a call on 0800 028 81 26 (Mon-Fri: 8am-8pm, Sat-Sun: 9am-5pm)
Your SunLife welcome gift
Get a free welcome gift card worth £140 to spend in lots of high street shops. Offer ends 27th November.
Your SunLife welcome gift
When you take out your Guaranteed Inheritance Plan, we'll send you a free welcome gift card, worth £140. It'll be yours to spend in all your favourite shops like M&S, Argos and Boots. Offer ends 27th November.
How to apply and what to expect
You can apply online or over the phone. Here's what to expect when you do.
Ways to apply for the Guaranteed Inheritance Plan
Applying for the Guaranteed Inheritance Plan online or over the phone:
Apply online
- Quick and easy – one step at a time
- A few health questions with help text
- Get a quick quote before you apply
- You can call us at any time
Apply over the phone
- Friendly UK team
- Will walk you through the health questions
- Get a quick quote before you apply
- No pressure to continue if you’re not ready
Call on 0800 028 81 26 (Mon-Fri: 8am-8pm, Sat-Sun: 9am-5pm)
Eligibility and documents
Check the eligability criteria and key documents for the Guaranteed Inheritance Plan.
Eligibility and key documents
To apply for the SunLife Guaranteed Inheritance plan you need to be:
- Aged 49-75
- A permanent UK resident with a UK bank account
- In reasonably good health (you’ll need to answer a few health questions)
Already a customer? Get help here
Sources and information
- Gift card – sent after you've paid 6 months' premiums. Offer starts 28.08.2024. Offer ends 27.11.2024. Go to sunlife.co.uk/guaranteed-inheritance-plan/giftcard for T&Cs.
- 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.