The “term insurance” policy has fallen into disrepute after it was used by corrupt FBI officials to describe their plan to obstruct the Donald Trump presidency. This morning on U.K. television, Brexit Party leader Nigel Farage gave insurance policy a more positive spin.

Farage has admitted that stepping away from UKIP, his former party, after the British electorate voted in favor of Brexit on June 23, 2016, was a bad idea, considering ineptitude of the Conservatives under Prime Minister Theresa May in actually implementing the will of the people. He apparently won’t be making the same mistake again.

Although the U.K. officially left the European Union on January 31, at 11 p.m., the Brexit Party continues as what he called an insurance policy in case PM Boris Johnson follows the May model of Brexit in Name Only instead of living up to his campaign promise to “get Brexit done.”

Plus, Farage is setting up a think tank that will thoroughly scrutinize all proposals as the U.K. and the EU negotiate a final agreement over trade and other issues.

Farage explained on BBC television:

“In 2016, after the referendum, I was so thrilled that we won, I’ve been doing it for so man years, I actually believed Theresa May when she said ‘Brexit means Brexit’ — very stupidly of me — and I think I gave the impression that I’d rather walked away. I’m not going to walk away this time. The Brexit Party will still be there. It will be more, I think, an insurance policy in case things go wrong. There’s going to be a new think tank set up called Brexit Watch, and we will, through every stage of the next 11 months, praise the government to the high heavens when they’re getting it right, but ring the alarm bell if they’re not.”

Farage also noted that Boris Johnson is, so far, seems serious about delivering on a Brexit that — at the end of the process — will give back to the U.K., at long last, control over its own regulatory regime, its fishing industry, farming, the ability to strike trade agreements with the EU and with individual countries like the U.S, and de-couple from the jurisdiction of the European courts.

Nigel Farage has also indicated that he will support populist parties across Europe that want to similarly exit from the EU as well as possibly campaigning with President Trump on this side of the Atlantic.