What is Whole of Life Cover?

Whole of life insurance or whole of life cover, as you’d expect, is an insurance plan that lasts for a whole lifetime, and is not limited to a specific term. If you pass away this policy will provide a lump sum payment to your family. 

How does it work? 

When you take out a whole of life insurance plan, we’ll help determine the level of cover you need. It will depend on your circumstances and those dependent on you. You will then pay a set amount on a regular basis, usually by direct debit. The policy will then pay out a lump sum to your family, should you die. The premium is also guaranteed never to increase.

Who is Whole of Life for?

This plan will suit people who wish to have cover for the rest of their life – and not just a specified term. It will appeal to those who have assets that they wish to protect against inheritance tax. Whole of life Cover can be taken out by anyone aged between 45 and 74 years of age.

Secure

Life Insurance means your loved ones are financially protected if misfortune strikes.

Considerate

Your lump sum payment may be used to cover funeral expenses.

To discuss your whole of life insurance, just get in touch!

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    About

    MyLife Financial was founded by Matt Conlon to provide unbiased and professional financial advice in all areas of financial planning. We specialise in protection advice for families, individuals and businesses alike. We strive to cut through the jargon that is often associated with financial planning advice to offer our customers clear and concise financial advice in the areas of Life Insurance, Income Protection, Pensions and Savings and Investments.
    At MyLIfe Financial our customers are our business. We are also completely flexible in how you wish to interact with us. Perhaps you wish to conduct your business online, over the phone or face-to-face; whatever your preference is, we can cater for it.
    Contact us today for a new experience with your personal or business financial planning needs.

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