Whole Of Life Cover
When we start to think about life insurance, the highest priority for most of us is making sure that our family and loved ones are protected when we pass away. A whole of life insurance policy is a strong guarantee that no matter what happens, your family will be able to access a lump sum to help them live comfortably and without the worry that mortgage payments, bills, school or university fees or other expenses can entail. One of the most important advantages of whole of life insurance policies is that you have a guaranteed payout when you die, and the policy will not expire.
Whole of life policies are generally a bit more expensive than standard life insurance policies, so it’s important to be sure you’re making the right decision. With access to policies from the whole of the market, including several top UK insurers, at Avail Mortgages, we are highly experienced in helping customers across Leeds, Bradford, Huddersfield, Sheffield, York and the surrounding areas find the policy for their needs. To get a whole of life cover quote from our experienced brokers, please get in touch today to see how we can help.
What is Whole of Life Insurance Cover?
Whole of life cover is a policy that doesn’t have an expiry term. Once you have taken out the policy, it will run until your death, provided you keep up with regular payments. This means that there is a guaranteed payout with this kind of policy, and you can feel confident that you’re investing in a policy that will have real benefit for your loved ones.
Whole of life insurance is sometimes a little more complex than regular life insurance, and as this type of cover has a guaranteed payout, they are generally a little more expensive when it comes to your monthly or annual payments. In certain cases, a whole of life insurance policy can also be used to help offset inheritance tax payments, though this is something you can discuss with your broker or financial advisor if you think it might be the right path for you.
Get In Touch
Finding the right whole of life insurance cover for you is so important when it comes to helping your loved ones through difficult times. To get started finding your policy, contact Avail Mortgages today on 0330 118 0383 today.