Whole of Life Insurance

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What is it?

As the name implies this type of life assurance pays out when you die, whenever that may be. It is usually, but not always, a more expensive option than term assurance because the life assurance company knows that it will definitely pay out at some time.

Many of these plans offer some investment content and so they can be more flexible than term assurance and can acquire cash in values.

Who is it for?

Those who want to leave a lump sum in the event of their death, whenever it may occur.

It can be used to pay off debts that will not be repaid during your lifetime.

For those who want to leave a lump sum to pay a potential inheritance tax liability.

Your independent financial advisor can help you find the most suitable method of insuring your life.

Want to find out more?

If you would like more information regarding this type of plan or wish to arrange a free, no obligation, financial review please contact us on 0161 941 5972 and you will be able to speak to one of our Independent Financial Advisors.