Whole of Life Insurance
As the name suggests, Whole of Life Insurance protection for the entire duration of your life until your eventual death, so there is no time limit on the cover you receive. Due to this non-stop cover, the premiums for whole of life insurance are higher than term life insurance but, your payout is guaranteed, no matter when you die.
- Lump sum payment
You can choose up to £5 millionworth of cover and we’ll pay the full amount after a successful claim
- Protection if you die
We’ll pay a lump sum if you pass away during the policy term – simple as that
- House purchase cover
If you’re taking out Whole of Life Insurance to coincide with the purchase of a new house, we’ll give you up to 90 days free life insurance. The free cover begins when we’ve accepted your application and you’ve exchanged contracts/completed missives, as long as you’ve given us a future start date that coincides with the completion of your house purchase. Terms apply. See policy summary for full details
- Terminal illness
Receive your lump sum payment early if you’re diagnosed with a terminal illness that meets our definition and you’re not expected to live longer than 12 months. Once payment is made your policy will end and no further claims will be paid
- Flexible length of cover
You can choose the length of cover you need – from short-term to 50 years, or until you’re 90 years old
- A separation benefit
If you separate from your partner, we can split your joint policy into single policies
When you set up your whole life insurance policy, you’ll have to choose what payout you want. Then you’ll start paying a monthly premium. If you carry on paying your premiums, the policy will pay out to your family when you die. Whole life insurance rates are usually higher than with other types of life insurance, because the policy lasts your entire life. That means you’re almost guaranteed a payout.