A Whole of life policy can ensure your loved ones financial security, it is the ultimate gift you can give.
It's cover for your peace of mind that your loved ones will have financial security no matter what.
Don’t leave the future of your family to chance.
Whole of life insurance works as a permanent policy that builds cash value over time. As long as the premiums are current, the policy remains active for the entire life of the policyholder, and beneficiaries will receive a set death benefit upon the insured's death.
It's cover for your peace of mind that your loved ones will have financial security no matter what. The payout amount your dependents will receive stays the same throughout your life. For example, your cover amount is £200,000 when you take out your policy. So, when you die, your family will receive £200,000.
A key potential benefit of whole life insurance is that it has no expiration date.
A portion of every premium payment you make is added to your policy’s cash value.
You can help your family from overpaying on inheritance tax.
Whole of life insurance is a type of insurance policy that pays put a lump sum upon your death, regardless of when this maybe. This differs from traditional life insurance products, as they only pay out in a specified term.
Understanding if you require Whole of Life or another form of life insurance, will depend upon your current circumstances and requirements. Whole of Life is not for everybody, therefore discussing you needs with a professional adviser from Compare Life Plans could assist in this process.
There is no reason for the policy not to pay out, if you have supplied everything you are required from the outset. Like any insurance policy, the insurer will require all the correct information to ensure the policy and any claim is valid.
Again, this will depend upon your existing circumstances, such as outstanding mortgage, dependants and budget. Whole of Life is traditionally more expensive than traditional life insurance, as it is designed to pay out on death of the life assured, rather than within a determined term.
By completing the few questions on the above form, Compare Life Plans can start the process of finding you the right policy. One of our professional advisers will then discuss your existing circumstances, to understand what level of cover and the most suitable products you require, for a premium that is in line with your budget.
Quoted rates may vary and are subject to individual status and medical underwriting. Correct as of 25th March 2022.
non-smoker in good health
non-smoker in good health
non-smoker in good health
non-smoker in good health
non-smoker in good health
non-smoker in good health