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?
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.