Lifetime Payback Guarantee®

The Lifetime Payback Guarantee® is exclusive to British Seniors Over 50s Life Insurance. It gives certainty to you and your loved ones to plan for the future. They’ll get the most out of your life insurance – to help with your funeral costs or other outstanding bills – so you can relax and plan for the future with confidence. Our Lifetime Payback Guarantee® is simple and straightforward.

British Seniors is proud to offer a first for UK Life Insurance with the brand new Lifetime Payback Guarantee®. Unlike other providers, the lump sum your loved ones receive will always be the greater of the amount you are insured for or, the total premiums you have paid.

No other insurance provider offers you the Lifetime Payback Guarantee®. It may surprise you to learn that with other Life Insurance providers you can pay in much more than they pay out.

This guarantee is simple, straightforward and exclusive to us. 

 

How does the Lifetime Payback Guarantee® work?

 

Cheryl*, aged 65, buys a British Seniors Over 50s Life Insurance policy with a benefit amount of £5,000. Her monthly payments are £30.27. By the time Cheryl is 79 she will have paid more in premiums than her selected benefit amount, but thanks to the Lifetime Payback Guarantee® when Cheryl passes away her loved ones will get an amount equal to at least all the premiums paid. For example, if Cheryl passes away aged 85, her loved ones would receive £7,264.80 instead of the original benefit amount of £5,000.

*Cheryl is a fictional character used for product explanation purposes only. Pricing is accurate based on Cheryl’s age and benefit amount, and Lifetime Payback Guarantee® amount based on 20 years premiums paid.

 

 

John*, aged 55, buys a British Seniors Over 50s Life insurance policy with a benefit amount of £10,000. His monthly premiums are £36.34. By the time John is 78 he will have paid more in premiums than his selected benefit amount, but thanks to the Lifetime Payback Guarantee® when John passes away his loved ones will get an amount equal to at least all the premiums paid. For example, if John passes away aged 87, his loved ones would receive £13,954.56 instead of the original benefit amount of £10,000.

*John is a fictional character used for product explanation purposes only. Pricing is accurate based on John’s age and benefit amount, and Lifetime Payback Guarantee® amount based on 32 years premiums paid.

 

 

Even more benefits of our Over 50s Life Insurance:

  • Flexibility without fees – apply to increase or decrease monthly premiums without any additional administration charges
  • Guaranteed acceptance for UK residents aged 50-79
  • Benefit amount from £2,000 up to £20,000 – depending on your age
  • Guaranteed immediate cover for accidental death – plus death by any cause after 24 months
  • Guaranteed 3 times your benefit amount up to £60,000 – if death is due to an accident
  • Guaranteed no increases – fixed monthly premiums let you plan for the future knowing the cost will never increase
  • 99% of all life insurance claims are approved – by Scottish Friendly1
  • Feefo 5-Star rated call centre – based here in the UK
  • Will Kit – with every policy to help get your affairs in order
  • Worldwide cover – you are covered anywhere in the world

1The products offered by British Seniors Insurance Agency are provided by Scottish Friendly, who approved and paid 99.9% of all life insurance claims received in 2015.

 

Backed by 150 years' experience

You can trust British Seniors to put you at the heart of everything we do. Unlike other providers, you’ll get the Lifetime Payback Guarantee® as standard. The Lifetime Payback Guarantee® means you can’t lose. It gives you certainty that your loved ones will get back at least your benefit amount – and it could be more.

British Seniors products are provided by one of Scotland’s longest standing Life Insurers of over 150 years – Scottish Friendly Assurance Society Limited, so you can be confident knowing that your policy is backed by a respected and secure organisation.

 

Reviews help us provide better services to all our customers

“ Got exactly what they promised in the advertising, no hard sell to buy more than we could afford, we were given a week to think about it and were phoned back on the right day at the agreed time. We have taken out the policy and when the pack arrived the schedule was very clear and easy to understand. Many thank. ”


Barbara, September 2016

“ The lady on the phone was very nice and explained everything very clearly and phoned me back when she said she would. ”


Jacqueline, September 2016

“ The customer services rep was informative and very polite. Not pushy and respected our wishes declining a call back. We did call back as the policy quoted to us was perfect for our needs.we love the fact that if we pay in more than our policy is for, we will get additional funds unlike other policies. ”


Tony, September 2016