Whole of Life

As the name suggests ‘Whole Life’ Assurance policies provide protection for life. Whole Life policies differ from term policies as a Whole Life policy is guaranteed to pay out a lump sum to your family when you die. As a Whole Life policy is guaranteed to pay out eventually, the premiums are often more expensive than term policies. With whole life insurance, premiums can be paid monthly or annually.

A whole life policy would take care of:

• To help pay for funeral expenses
• To help your family maintain their standard of living if you die
• To help pay an inheritance tax bill. In the event of your death, assets can become liable to inheritance tax which must be paid, as this will need to be paid before your estate can be passed on to your beneficiaries.

For more information on Whole Life Insurance - call 0800 328 5778 and one of our Advisers will be happy to help