Guaranteed Life Insurance FAQs

Answers to the most frequently asked life insurance questions.

These days we are all working with tight budgets, and no-one would want to leave family members who have their own obligations with the burden of funeral and other unexpected costs that can arise when you pass away. That's why Guaranteed Life Insurance is flexible and straightforward, which can pay out when it's most needed. So your loved ones will have one less thing to worry about at an emotional time.

If we knew when we were going to die, then insurance such as this would not be of value. But insurance is for the unexpected and of course, no-one knows what lies around the corner, whether it's an accident or illness - and securing cover early ensures the protection is there if it's needed.

Smart Guaranteed Life Insurance offers benefit levels from £2,000 right up to £20,000.

Remember too, if death is the result of an accident, then the benefit amount is tripled – meaning that three times the Life Insurance benefit will be paid out. For example, if you have a benefit amount of £10,000, and you die as the result of an accident, the benefit payable to your loved ones would be £30,000.

Choose a Guaranteed Life Insurance benefit amount to fit your needs and budget, depending on your age:

  • Ages 30 to 54 – up to £20,000
  • Ages 55 to 59 – up to £17,000
  • Ages 60 to 64 – up to £13,000
  • Ages 65 to 69 – up to £12,000
  • Ages 70 to 74 – up to £9,000
  • Ages 75 to 80 – up to £6,000

If you are a UK resident aged between 30 and 80, we guarantee to accept you for this insurance.

With Smart Guaranteed Life Insurance, there are no medicals or health questions.

During the first two years you hold your Guaranteed Life Insurance, a benefit will only be paid if death is due to an accident.  Should you pass away due to a non-accidental death in the first two years we will refund any premiums paid towards your individual cover. After the first two years of cover there are no exclusions on the cover provided.

Accident means an event resulting in bodily injury occurring whilst this policy is in force, where the injury is directly and solely caused by accidental, violent and external means and where the injury is not self-inflicted.

Accidental death means death occurring as a direct result of an accident which took place while the life insured was covered under the policy and where death occurs within 90 days of the accident.


Yes. Once your application is accepted you’re covered anywhere in the world 24/7, as long as you continue to pay your premiums from a UK bank account.

Yes. You can choose to cover your life (single plan), or cover yourself and your partner (joint plan).

Our Guaranteed Life Insurance is a Level policy. This is great for people who want certainty, knowing that their increasing age will not affect their monthly premium – it will stay the same each year. 

  • Your premium is guaranteed not to change until the policy anniversary on or following your 95th birthday when cover is free and premiums are no longer payable,
  • Your benefit amount will be fixed.

With the Level premium option, it is important to note that the value of the benefit amount you choose at the start of the policy, may not keep up with inflation. So, if you are planning to leave your benefit amount to pay for funeral expenses, its value may not keep up with funeral cost inflation.

You can ask us to make changes to your Guaranteed Life Insurance policy, however, these changes may be subject to the payment of an additional premium based on your age at the time of the request.

As long as you pay your premiums from a UK bank account, your Smart Guaranteed Life Insurance cover is guaranteed for the rest of your life and you’ll be covered anywhere in the world, 24/7 – even if your health and circumstances change.

You have 30 days from the receipt of your Policy documents, during which time you can cancel your Policy by writing to us or giving us a call. You can still cancel your Policy after 30 days, but you will not get anything back.

There are 3 ways for your family to make a claim in the event of your death:

  • Call us FREE on 0800 458 6901
    Monday - Friday from 9am to 7pm
  • E-mail us at
  • Write to us at Smart Insurance, PO Box 4555, Slough, SL1 0TT

We will send out a claim form to be completed, signed and returned to us.

Note: If the claim is accepted, the insurer will pay the benefit amount to the person who is legally entitled to it and they will refund any premiums paid between the date of death and the date the claim is paid.

You can put your Smart Guaranteed Life Insurance policy into trust after you take out the policy. If you are thinking about putting your policy into trust you can find out more information here, download a Trust form or you can seek independent legal advice. We are unable to give you any advice or recommendation on the suitability of Trusts.

On the policy anniversary following your 95th birthday, cover is free and premiums are no longer payable.

If you hold a joint policy, once the eldest person reaches the age of 95 their proportion of the total monthly premiums will no longer be payable from the policy anniversary following their birthday. The person that has not yet reached the age of 95 will continue to pay premiums for just themselves until the policy anniversary following their 95th birthday, when premiums will also be no longer payable.

Things you need to consider

• There is no cash-in value at any time
• Ensure you choose enough benefit amount, as inflation may reduce its buying power over time
• For the first 24 months, you will only be covered for accidental death