Whole Of Life

WHEN PROTECTION IS REQUIRED THROUGHOUT YOUR LIFE

Whole of Life Insurance policies are life assurance policies providing life cover throughout the whole of the policy holder’s lifetime.

A Whole of Life Policy will only pay out once the policyholder has died leaving a lump sum which is potentially tax free to the dependents.

This Depends on the individual policy, policyholders may have to continue contributing to the plan right up until they die. It can also be possible with some policies to offer cover for additional benefits, such as a lump sum that is payable if the policyholder becomes disabled or develops a specified critical illness.

Whole of Life Cover can be expensive this is because the sum assured is guaranteed to pay out upon the policy holder’s death.

For any further information contact us: 01902 422333

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