Whole of Life Insurance
A guaranteed payout whenever you die, ideal for inheritance tax planning, funeral costs or leaving a legacy.
FCA Regulated
Extensive Lender Panel
Based in Uxbridge
UK Wide Coverage
24hr Response
5★ Reviews
Unlike term life insurance, whole of life insurance has no fixed end date. It guarantees a payout whenever you die. This makes it particularly useful for inheritance tax planning, covering funeral expenses or ensuring you leave a specific sum to your family regardless of when you pass away.
Types of Whole of Life Policy
- Guaranteed whole of life: premiums and cover are fixed for life
- Reviewable whole of life: premiums may increase at review points
- Over 50s plans: guaranteed acceptance with no medical questions (lower payouts)
- Unit-linked whole of life: part protection, part investment
Common Uses
- Inheritance tax planning, written in trust to pay the IHT bill
- Funeral costs, ensure your family isn't burdened
- Legacy planning, leave a guaranteed sum to children or grandchildren
- Estate equalisation, balance inheritance between beneficiaries
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Learn moreFrequently Asked Questions
Is whole of life insurance expensive?
Whole of life is more expensive than term insurance because a payout is guaranteed. However, costs depend on your age and health when you start. The younger you are, the lower the premiums. We'll compare options to find the most cost-effective solution.
Can whole of life insurance help with inheritance tax?
Yes. When written in trust, the proceeds of a whole of life policy fall outside your estate and can be used to pay the inheritance tax bill. This is one of the most common IHT planning strategies.
What happens if I stop paying premiums?
This depends on the policy type. Some policies have a surrender value; others will simply lapse. Guaranteed whole of life policies typically maintain cover as long as premiums are paid.
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