What is it?

As the name implies, this type of life insurance pays out when you die, whenever that may be. It is usually, but not always, a more expensive option than term assurance simply because the life assurance will definitely pay out at some point, as long as premiums are maintained. We only offer advice on non-investment whole of life policies.

Who is it for?

This type of plan is designed for those who want to leave a lump sum in the event of their death, whenever it may occur. It can be used to cover inheritance tax liability, funeral costs and debts that are still likely to be there when you die.