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Whole of Life - Inheritance Tax - Insurance - Advice

Home » Insurance - Personal and Business, Investments - ISA, Unit Trusts, Bonds etc » Whole of Life – Inheritance Tax – Insurance – Advice

Whole of life Assurance

Whole of life assurance is a life insurance policy that remains in force for the insured’s whole life and requires (in most cases) premiums to be paid every year into the policy. Whole of Life insurance can be taken out to pay for funeral expenses, cover an Inheritance Tax bill or simply to provide a lump sum to family.

Whole of life insurance can be more expensive than a fixed term life insurance because of the certainty that the life company will eventually have to pay the sum insured. There are different types of  Whole of life plans with all sorts of options that can be added in to each policy. Such as adding in critical illness cover, waiver of premium and so on.

You may find an investment backed plan right for you or a guaranteed plan. A guaranteed whole life insurance policy charges a fixed premium for life. There is no investment element and no cash-in value at any time. The advantage of guaranteed cover is that your premiums will not rise and you are not dependent on any investment performance. The disadvantage is the cost, as it is almost always more expensive than the other two options.

121 Financial Services are here to advice on the right type of plan and the add ons you may require based on your needs and objectives.

You may be thinking how much is this whole of life cover? The cost will be determined by the insured age, families historic health, their own past and present health condition, the amount required on death, the type of cover and so on….

For more details and any advice you made need to see if a whole of life policy is right for your needs, please contact us 01323 734530 and we would love to help.

Wiki

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I recently started a life insurance policy with 121 Financial Services as they were cheap and saved me a lot of money. However, I did not only go with this company because of the price, but also due to the excellent and friendly service I received. They made me feel very relaxed and I have since recommended them to plenty of my friends and I will continue to do so. They have a great level of customer service and I believe that a lot of other insurance company’s should take a leaf out of their book.

Paul B

We are very impressed with the service we have received and we have saved money by going through 121 financial services. It has taken a lot of stress from organising policies as they asked us questions and did all the rest- including paperwork and chasing things up. We feel like we have got the best deals thanks to 121 financial services.

Hannah B

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121 Financial Services
25 Hyde Gardens, Eastbourne, East Sussex, BN21 4PX
01323 734530 - info@121fs.com

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