Guaranteed Whole of Life Insurance

Whole of Life Insurance provides a lump sum benefit to a named beneficiary or your estate in the event of your death, whenever this occurs, provided that premiums are paid to date on the plan.  Whole of Life Insurance is more expensive than Term Life Insurance as the plan does not expire on a specific date or after a set term.   A Whole of Life plan can be reviewed by the life company on an ongoing basis for them to ensure the premiums you are paying are in line with current market prices based on your level of cover for someone your age.