GUARDIAN 1821 INSURANCE

Guardian Insurance was setup back in 1821 ( hence the unique brand name ) as Guardian Fire & Life and then renamed Guardian Assurance in 1902. The company merged with Royal Exchange Assurance to form the Guardian Royal Exchange Group (GRE) in 1968.

Once a major player in the protection marketplace, in 1999, the businesses of GRE (which included Guardian Financial Services) was acquired by Axa then sold to Aegon UK who also own Scottish Equitable. 

In 2016 Guardian was acquired by Admin Re. and then closed to new business

The Group was acquired by Gryphon & in 2018 setup again for new UK protection business under the new brand name - Guardian 1821 Financial Services ( an appointed representative of Scottish Friendly Assurance Society )

Their products are mainly targeted sales via IFA's or Independant Brokers.

GUARDIAN 1821 LIFE INSURANCE - PRODUCT REVIEW 2021

You can setup or adjust your new Guardian1821 Life Insurance policy by contacting Guardian 1821 Insurance Customer Services or our Independant Brokers.

GUARDIAN 1821 - MORTGAGE PROTECTION 

Designed to cover a repayment type mortgage on death or optional critical illness as it decreases during the plan term.

GUARDIAN 1821 - LIFE INSURANCE 

Offering a family protection lump sum if the policy holder dies during the term or is diagnosed with a terminal illness. Can be single or dual life cover.

GUARDIAN 1821 - TERMINAL ILLNESS 

If you are diagnosed terminally ill & expected to die within 12 months. Or have a definite diagnosis of: Cancer Stage 4 or Motor neurone disease, CJD or Parkinson-plus.

GUARDIAN 1821 - FAMILY INCOME BENEFIT 

Family protection via an income if the policy holder dies during the term or is diagnosed with a terminal illness. 

                                                                   

GUARDIAN 1821 - CRITICAL ILLNESS COVER 

Helps ease financial worries if you are diagnosed with a critical illness as specified by Guardian 1821 Insurance. Any upgrades on newer plans are added to old existing plans which is useful benefit.

GUARDIAN 1821 - CHILDREN'S CRITICAL ILLNESS COVER 

Helps ease financial worries if your child is diagnosed with a critical illness as specified by Guardian1821 Insurance. This can be added onto life insurance or critical illness plans.

GUARDIAN 1821 - PREMIUM WAIVER PROTECTION 

Inclusive benefit protecting your policy premiums if you are off sick or have an accident or disability after 4 weeks as specified by Guardian Life Insurance. 

GUARDIAN 1821 - FRACTURE PLUS 

Helped ease your financial worries if you are diagnosed with a fracture, rupture, dislocation or tear as specified by Guardian 1821 Insurance. This benefit was withdrawn 2019.

GUARDIAN 1821 LIFE INSURANCE - Frequently Asked Broker Questions

Single v Dual life Insurance ?

A single life insurance means it covers just that 1 person only. It then pays out the chosen amount of cover if the person dies during the term of the policy or whenever it occurs if whole life. The benefit of having Guardian 1821 dual life 2 seperate plans if in a relationship & one partner dies, then the surviving partner still has their own seperate policy. 

Unlike a 'joint' life insurance policy means it jointly covers 2 lives but then usually pays out on '1st death' basis. This means once the chosen amount of cover is paid, the policy benefits would then end. This is usually the cheaper option for Insurers ( as it only pays once ) but conversely leaving the surviving partner without any cover.

Can you make changes to your Guardian 1821 life insurance policy ?

In terms of changing your life insurance policy, often you can request some of the following:

• reduce or perhaps extend the period of cover
• decrease or increase the amount of lifecover
• remove indexation option or any specific paid for policy features
• change the collection date of your usual premiums
• remove a life assured from any joint named policy
• Guardian's dual life policy is already 2 single policies, so if a couple divorce, split up or say change a joint mortgage into a sole name, there should be less issues. 

The changes could be subject to medical underwriting based on your circumstances at the time & may well affect your premiums.

What if my health or lifestyle changes after taking the Guardian policy out ?

Life Insurance cover is based on full disclosure at the time you took the policy out ie; being 100% as honest & accurate as possible. So any health or lifestyle changes since usually does not void your existing policy, as it wasn't relevant at that time of initial application. Please check your original T&C's 

How do I make a Death Claim ?

Check firstly if premiums are still being paid or alternatively is the policy perhaps "paid up" meaning no further premiums were needed. 

Then contact the Insurers claims line to inform them. They will provide you with their claim form for completion. You will need to send in a number of documents, most importantly being the death certificate proving the cause of death.

Insurers ( as well as other Providers ) will need the original death certificate, so ideally ask for several certified copies. Enclose your policy document, if you can find it and then send by recorded delivery or registered post to Insurers. 

Once received, the Insurers usually cross check all information before processing and settling a valid claim ie; was the medical & lifestyle information correct at the time of original application

If everything is hopefully in order, the Insurer may pay out a claim & usually in a matter of days or weeks.

Death Claims, Expression of Wishes, Life Insurance Trusts & Life of Another

Who the life insurance maybe actually then paid out to can be more complicated & many people wrongly assume it is a simple process.

If it is a joint life 1'st death policy or if it single life policy owned by another person " life of another"  then it will just be paid to the survivor. 

However, if it is a single life policy it can be more complex. Check if the policy was setup & written into a trust or has an expression of wishes. If so the Insurer will pay the life insurance via the trustees named to the nominated beneficiaries directly. Sometimes there are a named beneficiary & others times a list of potential beneficiaries. The life insurance paid out doesn’t have to be included in the legal documents sent for probate and potentially it won’t be liable for inheritance tax either.

Should I put my Guardian 1821 Life Insurance policy into Trust ?

If the life insurance wasn’t written into trust, it will be paid to the executors of the deceased’s estate. They will handle the administration, known as probate in N Ireland, England, Wales and confirmation in Scotland. If not, the benefits will fall into your estate if you died prematurely. If you have not made a will this can then cause further complications with the life insurance monies.

Until probate is fully granted, no monies can be paid out to those named in the will. On average, this can take upto 6 months. By not placing the plan into trust may also swell up the total estate values, leading to potentially Inheritance Tax IHT issues

So placing a policy in trust can help to ensure that the policy proceeds go to the correct beneficiaries you decide to nominate at that stage & help avoid possible probate delays & IHT costs. Ask the Insurers if they provide any standard trust form wordings & seek legal advice if unsure.

Will I be tested by the Life Insurance Company - To proove I am a non-smoker ?

How do Insurance Companies know if you smoke ? If you declare yourself a non-smoker on the life insurance application, there is a possibility you will maybe also asked to undergo a cotinine test to prove you have quit smoking ie; ex smoking status. This test checks your nicotine levels & reads how long absent this is from your body. No point in lying when you apply, as your policy may not payout & you could waste the premiums and leave your family devastated.

Is e-cigarettes (Vaping) or Gum or Patches - still classed as Smoker or Ex Smoker for Life Insurance ?

These newer alternative liquid form vaping smoker products may state they reduce the risk on your health, but many Insurers can still classify this as smoking ( but some may apply better terms...please ask us for advice here.) ie; No nicotine based products for at least 12 months.

If I started smoking after taking out Life Insurance - Do I need to now tell them ?

If you had legitimately stopped smoking for over 12 months at that time of original application, you may wish to advise the Insurers you have started smoking again - but this should not affect the original policy terms which should still stand - you were being honest. Also maybe suggest letting your GP know if this is the case. 

Article on: Guardian 1821 Life Insurance ~ for more information visit www.guardian1821.co.uk  *

( * Note: You are now leaving the regulated site of Uk Life Insurance Quotes. Neither ourselves, nor Sesame Ltd, is responsible for the accuracy of the information contained within the linked site.)

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Guardian 1821 Insurance  Company Review 2021 

Guardian 1821 Life Insurance Quotes

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