Guaranteed Over 50 Plan - Commonly Asked Questions

The Guaranteed Over 50 Plan is an easy way to leave a fixed cash sum for your family after you've gone, either as a gift or to help towards funeral expenses.

The Guaranteed Over 50 Plan is a whole of life policy - choose a fixed monthly premium at the start and provided you keep paying them throughout your life and your Plan has been in place for at least two years, a fixed cash sum will be paid to your estate when you die.

If you die within the first two years of taking out your Plan, we will pay back all the premiums paid, plus half as much again.

No. There are no health questions to answer, and no medical whatsoever. Provided you're aged 50 - 85 and a UK resident, you're guaranteed to be accepted.

That depends on how much cover you'd like or how much you'd like to pay each month. You can choose from a range of premiums - from £7 up to £74 per month (subject to a maximum life cover of £20,000). When choosing your level of cover, please bear in mind that because the cash sum is fixed, over time, inflation will reduce its value.

As this is a whole of life Plan, you need to choose a monthly premium you are confident you’ll be able to afford for the rest of your life. If you were to stop paying your premiums, your Plan would be cancelled and you wouldn’t get anything back.

To help get your Plan underway, your first premium is free.

Because on average women live longer than men, we offer women up to 25% more cover than a man of their age would receive for the same monthly premium. The actual percentage of extra cover depends on your age.

No. Your premiums and level of cover are guaranteed, so will never change regardless of how long you live or your state of health. Depending on how long you live, the total premiums paid in may be more than the fixed cash sum paid out.

You can pay by Direct Debit. This ensures you never have to worry about forgetting your monthly premiums. When you apply online you will need to provide your bank details as part of the application.

No. The Plan has no cash-in value so if you cancel your Plan or stop paying your premiums, your life cover will end and you won't get anything back. You need to be totally comfortable that you can keep up your premiums for the rest of your life when you take out the Plan.

Once you've been paying into the Plan for two years, and as long as you keep paying your premiums for life, we will pay the full fixed cash sum on your death.

If you die within the first two years, we will pay out one and a half times the premiums paid in.

At any time after your Plan has started, if you were to die in a travel accident, or within 3 months of an accident as a result of your injuries, we will pay three times the fixed cash sum.

The amount paid out on your death will normally form part of your estate, so may be subject to inheritance tax, unless you write your Plan subject to an appropriate trust. Tax information is based on our understanding of current law and HM Revenue & Customs practice. How taxation could affect you will depend upon your personal circumstances. Tax legislation may change in the future.

You have 30 days from the day you receive your policy documents during which you can cancel your Plan and have any premiums paid refunded in full.

After that, you can cancel your Plan at any time by notifying us in writing. Remember, if you do cancel, your life cover will end and you wouldn't get anything back. As long as you continue to pay your monthly premiums, your Plan cannot be cancelled by us for any reason.

You will have 24 hour access to Careline, a professional health information helpline, 365 days a year. This confidential telephone service offers care and counselling, guidance about men's and women's health and healthy living, and is staffed by highly experienced healthcare professionals and counsellors.

We may review this service from time to time and reserve the right to withdraw it without any advance warning.

Full details of Careline will be sent to you with your policy documents.

AXA Sun Life plc, which trades as Sun Life Direct is one of the UK's leading providers of life cover and the Guaranteed Over 50 Plan is the most popular Plan of its type*. Our extensive experience spanning over 30 years has enabled us to develop a range of life cover solutions to meet the differing needs of our customers.

* Whole of life Plans sold directly. Source: ABI statistic, Q1-Q3 2009