decreasing mortgage cover
Most providers work out decreasing mortgage cover premiums using an artificially high mortgage interest rate.
This means you pay more to make sure any payout always exceeds the outstanding mortgage amount.
At Guardian, we calculate premiums using a realistic long-term interest rate, which reduces the cost.
And if any payout falls short of the outstanding repayment mortgage, we guarantee to pay the difference at no extra cost, as long as the mortgage isn’t in arrears when the claim’s made.
cover upgrades
When providers make improvements to the quality of their critical illness cover, the benefits are only available to new customers.
That’s hardly putting your existing customers first!
We believe existing customers should be treated as well as new ones. If our critical illness definitions improve, in most cases we’ll apply the improvements to existing customers’ policies completely free. If you have to make a claim, we check it against both the definitions you bought and the definitions for new customers. And we pay out if the claim is valid under either. Occasionally, we may introduce changes that we won’t automatically upgrade. If this happens, we’ll offer you the chance to pay to add them.
waiver of premium
Most providers offer waiver of premium as an optional extra. However, if you have poor heath or a poor lifestyle, you can be denied this option and miss out on this valuable benefit.
At Guardian, Premium Waiver comes as standard. This means that if you need to claim, your cover can continue without you having to pay your premiums. And we not only waive premiums if you’re too ill to work, we also waive them for up to 6 months after you have a baby or if you lose your job.
Guardian Financial Services Limited is an appointed representative of Scottish Friendly Assurance Society Limited.
All products are provided by Scottish Friendly.
Guardian Financial Services Limited is an appointed representative of Scottish Friendly Assurance Society Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.
Registered office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ. Registration number 110002.
Guardian Financial Services Limited is registered in England and Wales under number 11115769. Registered office: 11 Strand, London WC2N 5HR.
The Guardian team will be taking a well-deserved festive break starting from 12 noon on Monday 24 December.
We'll be open on Thursday 27, Friday 28 and Monday 31 December from 9am to 5pm.
And then it's 'Happy New Year' and back to business as usual from 2 January 2019.