You can choose different plans depending on how you would like to pay your premiums. You can make payments up until the day you die, for a set period of time, or as a one-off sum. Your money can also be used as investments, which could create a higher return in the future.
There are a number of factors to consider with whole of life insurance – how many dependants will you have? Will there still be mortgage payments due after your death? How much of an inheritance would you be leaving behind?
As it involves a guaranteed financial payout, whole of life policies can be a little more expensive than regular life insurance, so it can be tricky to figure out which option best suits your needs. The cost of your premium can also vary depending on your age, health – even your smoking habits come into play.
Our financial experts will get all the information they need from you to properly determine if a whole of life insurance policy is the right choice for you and your family. We know that insurance can be confusing, so we will explain your options without financial jargon so you are fully informed to make the best decision.