Life Insurance Policy Services

What is whole life insurance?

As you can imagine a whole life insurance policy is one that lasts you for the whole of your existence! Unlike term assurance products, these policies are designed to cover you until you actually die. They only run out when you do!

Here, you will make arrangements for your insurance company to pay out no matter when you die. It doesn't matter if you've only held your policy for a few years or a few decades - once it's arranged it's there for as long as you are!

What do I need to knowabout this policy?

Many people opt for a whole life insurance policy simply because they don't want to have to worry about arranging new policies as they go through life. Although this type of product can be more expensive to start off with than a level term one it does guarantee your ultimate payout. You just don't get this guarantee with level term products.

One problem that many people face with term products, for example, is that they tend to run out when you're close to retirement age. Then it can be quite a bit more expensive to arrange new policies and your health may have deteriorated somewhat which makes it harder to get approval from an insurer. You don't ever have to worry about this with a whole life insurance policy.

Another big advantage with this type of product is that fact that you can use it to manage your inheritance tax planning. This kind of issue used only to be a consideration with the wealthy but nowadays an increasing number of people should be thinking about it.

The huge rises in house prices in recent years have meant that many of us are sitting on hundreds of thousands of pounds in property. We may not perceive ourselves to be wealthy but the taxman does! And, when you die, a significant proportion of the value of your home could go in inheritance tax rather than to your loved ones. So a whole life insurance policy can help avoid this to a certain extent.

Getting the help you need with your life insurance policy

Many people that should actually look at a whole life insurance policy end up just buying level term policies simply because they don't understand how to make the most of this type of whole life product. These policies can be complex and should be tailored exactly to your own individual needs - especially as the premiums can be that bit more expensive than for other products.

The best thing you can do here is to talk to a whole life insurance policy expert before you come to any decision. You need to have a specialist look at your current situation, your future prospects and plans and to assess what you need from a policy at the end of the day.

But, don't worry - there's no need to pay for this level of expert service. We can do it for you completely free of charge. Then, if you think that this is the type of product you need to buy we can even help you arrange that too.

And, to take the sting out of the fact that you'll have to pay a little bit more for this type of comprehensive protection, we'll make sure to keep your costs at bare bones levels. There isn't an insurer or a product that we don't know about - so you're guaranteed to find the lowest premium prices with us. Plus your package will come with further savings - our broker discounts - which we guarantee to pass back to you.