School Fees Insurance

Different levels of cover to suit you

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School Fees Insurance is a unique policy that pays school fees should you or your spouse die or suffer a terminal or critical illness.

The School Fees Insurance scheme was established in 1991 and is set up as a group life insurance scheme with a trustee (backed by an insurer, Unum) as the policy holder rather than an individual.

It is a unique scheme as it enables policy proceeds to be paid directly to a school rather than to any individual which avoids any taxation or probate issues normally associated with a deceased's estate.

With school fees continuing to rise faster than salaries, this crucial scheme can protect the education of your child should the worst happen.

Key Features

  • Unique tax and probate efficient structure enabling the benefit to be paid directly to the school
  • Automatic fee tracker that increases the claim benefit by inflation (Retail Price Index) + 2% each year
  • Different levels of cover to suit you
  • Cover continues right up until your child leaves school at 18
  • Cover can be taken out at any time, not just at the beginning of the school year
  • No medical underwriting required*

*Important Information
There is a Pre-existing condition exclusion which means we will not pay benefit for death, or diagnosis of a terminal illness, arising from a medical condition for which you have received treatment, care or services (including diagnostic measures), or have taken prescribed drugs or medicines in the 5 years before taking out the policy. If you take out critical illness cover and have experienced a critical illness before joining the policy you will not be able to claim for a recurrence of that condition or certain other critical illnesses. You will not be able to claim for a critical illness where you were aware of, or were being treated for, a related condition on or before cover started. Some related conditions are disregarded once you have been covered under the policy for 2 years. For full details regarding the pre-existing and related conditions exclusions, please read our policy. Terms and Conditions.

From £20.95 / per month

*For full Terms & Conditions, please click here.

Julie's Story

Julie, managing director of her own company and her husband, Roy, a management consultant from Staffordshire, wanted to provide the best education possible for their son, George. When he was at his prep school they decided to take out School Fees Insurance, which would cover his school fees if either of them had a critical illness or died. "It gave us peace of mind and some security for his future education needs" explains Julie.

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