Interested in whole of life assurance?
Unlike term assurance, which guarantees a payout until the end of the policy term, ‘whole of life’ assurance offer protection for life. In this way, the policy will always pay out a sum to loved ones, so the premiums are usually more expensive than with term assurance. However, as with all life insurance, the cost of the policy rests on a wide variety of factors including age, health and lifestyle, so it is wise to shop around for best deal.