WHEN BECKY LOST HER
HUSBAND SHE LOST
HER LIFE COVER TOO

Dual life or joint life

15 years ago, Becky and her husband Dave bought a joint life policy. But it wasn’t till Becky made a claim that she realised the flaw in the plan.

A joint life policy only pays out once, on the first death, and is then terminated. So, although Becky received a payout after Dave died, she then found herself without life cover of her own.

It left her in a difficult situation. As a breast cancer survivor with 2 children, she still needed financial protection. But because of her age and medical history, finding cover again would prove costly, if not impossible.

Becky is not alone

22.7%

of all life insurance policies sold in 2019 were joint life

Source: Swiss Re, Term & Health Watch 2020

THAT’S WHY, AT GUARDIAN, WE DO THINGS DIFFERENTLY

We don’t offer joint life. Instead, we offer a dual life approach where both partners’ cover is kept separate. That way if either partner dies, the other is still covered.

Our dual life approach still only requires a single quote, application and direct debit. Plus, clients receive a multi-life discount. So, compared to the cheapest joint life policy, clients get double the amount of cover for just a small extra cost.

Cost example.
£200k level life protection, 20-year term:

Joint life providing
a single payout:

£31.08
per month

V

Dual life providing
2 payouts:

£32.09
per month

IRESS quote: joint/dual life for a 45 and 40-year-old couple, non-smokers, £200k level life cover, 20 years.
Joint life policy shows cheapest comparable product. 30 September 2020.

So, don’t recommend the joint life the portals put first.
Recommend dual life that puts your clients first.

To find out more about our Life Protection and Critical Illness Protection, visit our main website

BOOK A ONE-TO-ONE PRODUCT BRIEFING

To find out more about what makes a Guardian policy a better policy, book a product briefing with one of our Account Managers.

Simply complete our online booking form and we’ll call you back.

LIFE. MADE BETTER.