Unlike Term Assurance Policies which run to a pre-determined date, whole of life policies will run until the death of the life insured, at which point, the benefit is paid.

It ensures a guaranteed fixed, tax-free, lump sum in the event of death or, upon diagnosis of a terminal illness, providing much needed reassurance that you are able to:-

• Provide a gift to your family
• To assist family members with the cost of living
• Pay funeral costs 
• Assist with an inheritance tax liability

Policies are set up with a specified sum assured or, the sum assured can be dictated by specified monthly premium.  The premium must be one that can be feasibly and realistically maintained throughout your lifetime, potentially with a reduced income following retirement, to ensure the policy remains in force and the benefit realised upon your death.