Whole of Life Insurance

Whole of Life Insurance

Whole of Life Insurance covers you for the whole of your life, rather than a fixed period of time. You pay into a policy, and the insurer agrees to pay your loved ones in the event of your death, no matter when that might be. It’s a good kind of policy to have if you want worry-free cover, without the hassle of taking out a new policy each time a policy term expires.

Whole of life insurance (sometimes called 'life assurance') is usually significantly more expensive than term life cover for the same size of payout, and normally has functions besides insurance. For instance, you may be able to borrow against the value of your whole of life insurance, which is one reason for the inflated cost.

Certain whole of life policies are designed to be cheaper than term life as they cover shorter periods for smaller payouts and don't come with extra options such as borrowing against the value of the policy. Benefits include

  • Guaranteed acceptance
  • No health checks
  • Quotes are free of charge, with no obligation.

To compare Whole of Life products with many others, fill in the quote application above to gain a comprehensive view of their prices and policies.