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What is whole of life insurance policy and how does it works?

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    What is whole of life insurance policy and how does it works?

    Whole of life insurance is a life insurance policy which pay a a lump sum to your loved ones when you demise so that your loved ones will receive a lump sum payout from the insurer. you pay a premium every month when you demise. whole of life insurance is generally more expensive more of life cover than the term life insurance the insurers know that they definitely have to pay out some money at the same point.

    By using this policy you must ensure that they can afford premiums not only during the working life but also once you retire if you fail to keep up premiums the cover will be cancelled. Many of the whole of life insurance policies only require to pay the premiums up to a certain age.
    Lifeinsuranceuk
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