Whole of life insurance
What you need to know
Let’s start with understanding some of the basic terms and considerations so you can make an informed decision.
This policy is designed to pay a cash lump sum upon the death of the person insured. There is no end date or “term” for this policy.
You need to keep up the monthly premiums so it will stay in force and pay a lump sum to the surviving family or loved ones.
Whole of Life is for anyone who wishes to cover their funeral costs. It provides a cash lump sum to those left behind to pay for your funeral. Any person can take a policy who is aged 18 and above.
What is a 'whole of life' policy?
This policy is designed to pay a cash lump sum upon the death of the person insured. There is no end date or “term” for this policy.
You need to keep up the monthly premiums so it will stay in force and pay a lump sum to the surviving family or loved ones.
Whole of Life is for anyone who wishes to cover their funeral costs. It provides a cash lump sum to those left behind to pay for your funeral. Any person can take a policy who is aged 18 and above.
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We know it gets confusing!
That is exactly why we’re here to explain your options and how to make it work for you!
....so, in a nutshell...
What are the ins and outs of whole of life policies?
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What is Whole of life insurance?
It is an insurance policy which pays a tax free cash lump sum. Most people use it to pay for funeral costs of the person insured.
What is whole of life cash value?
There is no cash in value of whole of life insurance. The only time you will benefit from the policy is when the insured person passes away and the benefit is paid to the beneficiaries. The amount paid depends on the amount of cover the person was insured for.
What does Whole of Life insurance mean?
Whole of life insurance is designed to pay a tax free cash lump sum to loved ones left behind should the worst happen. Most people insure an amount to cover their funeral expenses. It also has a nickname Funeral plan.
Our role is to help you make an informed decision
You will undoubtedly have many more questions, so please feel comfortable enough to arrange a free, no-obligation chat!
Frequently Asked Questions
Here are a few of the questions we regularly answer for those who are wondering if this is the correct choice.
Just remember, we’re ready to chat and answer many more!
Here are a few of the questions we regularly answer for those who are wondering if this is the correct choice.
Whole of life cover is a life insurance policy which is designed to pay out a cash lump sum upon the death of the person insured. Normally a small amount of money is insured to pay for funeral costs.
Whole of life covers the person insured.
There are many providers of Whole of Life insurance. Some include AVIVA and Legal and General. We have access to many more so get in touch and we will find the cheapest and best deal for you.
There are several insurers who provide Whole of life cover. Some include AIG, Aviva and Legal and General.
Whole of life cover is a life insurance policy which is designed to pay out a cash lump sum upon the death of the person insured. Normally a small amount of money is insured to pay for funeral costs.
Whole of life covers the person insured.
There are many providers of Whole of Life insurance. Some include AVIVA and Legal and General. We have access to many more so get in touch and we will find the cheapest and best deal for you.
There are several insurers who provide Whole of life cover. Some include AIG, Aviva and Legal and General.
