Whole of life assurance
With this type of policy it is designed to pay out a lump sum upon death whenever that may occur, assuming you keep the policy in force. This type of policy combines life cover with an investment element and unlike term assurance, doesn't have a fixed term.

Whole life polices can be set up on a minimum, standard or maximum cover basis. With the maximum level of cover you get the highest possible level of life cover for your premiums.

Standard cover is the level which should sustain itself over the duration of the policy. On the minimum level of cover you receive the lowest level of cover for your premiums. Reviews will take place usually after 10 years, where there could be a premium adjustment or reduction in the sum assured.

This type of policy is not available on this site, though it is through our partner, Yours4Money.com