Whole Life
What is Whole of Life?
Whole of life is a form of insurance that is guaranteed to pay out a sum of money when you die or are diagnosed with a terminal illness. Unlike other forms of life insurance, a Whole of life policy does not come to an end when you reach a certain age, it lasts for the whole of life.
A Whole of life insurance plan can help you protect your assets, contribute to funeral costs, offset any potential Inheritance Tax liabilities or provide your family and loved ones with a lasting legacy.
There are now some Whole of Life policies that can also provide funds to provide life-long care.
As it is estimated that around one in three people will require some form of care before they die, these policies can provide essential funds and peace of mind.
Who is a Whole of Life policy suitable for?
- Anyone that wishes to provide for their family after they have died
- Anyone wishing to provide funds to cover funeral costs
- Anyone that might have a potential Inheritance Tax liability
- Anyone who wishes to plan for long term care (only available with Whole of life with care cover)