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Whole of Life Cover

Speak to one of our team of life insurance experts to get the cover you need with some incredible rewards and benefits from the likes of Apple, Starbucks, Amazon and many more.

What is whole of life cover?

Whole of life insurance is the same as any other type of life insurance apart from the fact that it does not have a term and the policy is designed to run until the death of the person insured. This means that as long as you continue to pay your whole of life premiums that you will be ‘guaranteed’ to receive a pay out.

A whole of life policy can be used for a number of different reasons such as providing a legacy for your children, payment of Inheritance Tax (IHT) liability or pay for other taxes due for payment in later life.

Whole of life insurance is underwritten in exactly the same way as other types of life insurance and should ideally be considered or purchased earlier in life to keep premiums low.

What is whole of life cover?

Whole of life insurance is the same as any other type of life insurance apart from the fact that it does not have a term and the policy is designed to run until the death of the person insured. This means that as long as you continue to pay your whole of life premiums that you will be ‘guaranteed’ to receive a pay out.

A whole of life policy can be used for a number of different reasons such as providing a legacy for your children, payment of Inheritance Tax (IHT) liability or pay for other taxes due for payment in later life.

Whole of life insurance is underwritten in exactly the same way as other types of life insurance and should ideally be considered or purchased earlier in life to keep premiums low.

Compare whole of life cover

Whole of life insurance can vary dramatically from one insurance provider to another but also there are different types of whole of life cover which can be linked to an investment.

It is important to speak to an adviser to find out which type of whole of life cover is better for you and to understand what you need the cover for. The main reason for whole of life cover is for IHT planning and therefore fairly simple but some people are now using this type of policy for other reasons such as providing a legacy for their children.

Speak to one of our team of experts who will explain why whole of life cover may or may not be suitable for you based on your requirements.

Whole of life cover underwriting

Whole of life cover is also just another form of life insurance and therefore is underwritten at the point of application in the same way. Generally a whole of life insurance policy will become more expensive in later life because the risks of claim are far higher at this stage and therefore premiums will reflect that. As with the other life insurance policies, the main factors to be taken in to consideration will be:

  • Medical history / health
  • Occupation
  • Extreme / hazardous sports

Life insurance underwriters are trained to assess each individual application based on your own circumstances and apply any premium loading as required. Insurance underwriting can vary dramatically from one insurance provider to another so it is important to shop around to find the best for you.

Whole of life cover underwriting

Whole of life cover is also just another form of life insurance and therefore is underwritten at the point of application in the same way. Generally a whole of life insurance policy will become more expensive in later life because the risks of claim are far higher at this stage and therefore premiums will reflect that. As with the other life insurance policies, the main factors to be taken in to consideration will be:

  • Medical history / health
  • Occupation
  • Extreme / hazardous sports

Life insurance underwriters are trained to assess each individual application based on your own circumstances and apply any premium loading as required. Insurance underwriting can vary dramatically from one insurance provider to another so it is important to shop around to find the best for you.

Pre-existing medical conditions

If you have tried to get whole of life insurance in the past and struggled because of your pre-existing medical condition then you should speak to an expert who knows which underwriters are more sympathetic to your health.

Hazardous occupations

Hazardous occupations

Many people with hazardous or dangerous occupations such as off shore workers, construction workers and people working at heights may find it difficult to get whole of life insurance.

Our team of insurance experts will help you to get some of the best deals from the UK’s top companies to save you money.

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