Considering whole of life insurance?
Protect your loved ones
Plans starting from £7 a month
Get cover for over £250k
Fill in a super simple form. By clicking one of the buttons dotted around this page.
Speak to a very friendly advisor, based here in the UK.
Arrange for your plan to start.
What is whole of life insurance?
Whole of life insurance is a contract between the insurer and the policyholder in which the insurance company guarantees payment in a lump sum to the named beneficiaries upon the death of the insured. This means that you will be required to make premium payments and in return, the insurance company will provide lumps sum payment to your named beneficiaries upon your death. This payment is known as the death benefit.
Whole of Life Insurance will last as long as you do, unlike term life insurance, which only lasts as long as the term set out, e.g 25 years. In return, you will guarantee your family that in the unfortunate event of your death while covered by the policy, then they will receive a certain amount in a lump sum if they make a valid claim. However, the contract between you and the insurer will only be valid if you make monthly or annual premiums as agreed. If you default in making payments, then your policy with the insurance company with be rendered obsolete. It is indeed a great way to safeguard your family’s future by ensuring that they have money to sustain themselves for a certain period of time when you pass on.
Whole of life insurance
Your insurance questions answered
How much would my family receive?
This will likely be dependent on your personal circumstances and the amount that you pay towards your policy.
Some will use it to cover the outstanding mortgage repayments, or others will cover future living costs for their family. Some people take Whole of Life Insurance cover to pay off debts, outstanding mortgage or loans that they have so that they don’t pass the burden to their family members. On the other hand, some people take Whole of Life Insurance to ensure that their family members don’t get to struggle when they pass on. In this case., the insurance company will pay the name beneficiaries a certain amount of cash as stipulated in the contract.
Unsure about the cover you will need?
If you don’t know life insurance cover to choose then worry not because you are not alone. There are experts in the UK who can help you determine which cover to choose to suit your individual needs. All that you need to do is contact them and inform them why you want to take out a life insurance policy and they will advise you accordingly on which cover to take.
Who should consider mortgage life insurance?
The main thing to consider when determining whether it is worthwhile to take Whole of Life Insurance is whether people who depend on you will suffer financially upon your demise. If the answer is YES, then you are the right candidate for Whole of Life Insurance. The main aim of taking Whole of Life Insurance is to ensure that people that you really care about don’t suffer financially upon your death. If someone relies on you for financial support (whether family members or a business partner) then it is prudent to take Whole of Life Insurance.
People often provide inaccurate answers while filling whole of life policy forms hoping to pay fewer premiums. However, that is a huge blunder because if the insurance company finds out that you have provided false information, then they will not pay. Honesty is very important. For instance, if you have had medical issues in the past, just be honest about it. Insurance providers will only pay if you provide honest answers.
How to apply
Fill in a few simple questions, through one of the buttons dotted around this page. Once you have answered the questions and filled in your details, we will pass you on to a professional advisor. Your advisor will then work with you to generate a quote.
If you are happy with the quote then you can start paying towards your policy on a monthly or yearly basis.
The time that you are
You would receive a quote for payment into the policy. Which will be determined on your lifestyle (if you smoke, any medical conditions). You would pay a monthly or yearly fee into your policy provider.
Note: Life cover policies are not savings and investment products and have no cash value unless a valid claim is made.