Lock in your loved ones’
financial security after you're gone
with a whole of life assurance policy

Whole of life assurance is a life insurance policy that pays out a lump sum to beneficiaries when you die, provided that premiums are continually paid. 

The policy pays out when you die regardless of when that happens, so beneficiaries are guaranteed to receive a payout eventually. However, if you live for much longer than expected, you could end up paying in more than what beneficiaries eventually get out. 

This is different from term life insurance policies, which only pay out if you pass away within a fixed term. These policies can pay out more or less depending on how close you are to the end of the fixed term when you die, namely increasing and decreasing term life insurance.

The best adviser and brokers will understand your bespoke needs and could recommend a more suitable policy. Taylor James advisers put you at the centre of their work to make sure you only take out the most applicable policy. 

Several considerations need to be made when searching for and choosing a whole of life assurance product.

You or your insurance broker will need to consider:

• Your eligibility for certain products regarding age and medical history
• The importance of accurately disclosing previous and ongoing medical conditions

• What the policy may or may not cover. For example, life assurance doesn’t payout in the event of suicide and possibly after other events.
• Any delay periods that may be in place before the policy can pay out. 
• How you can get personalised whole of life assurance to meet your specific circumstances. 

It can be highly beneficial to engage the services of a financial adviser when seeking whole of life assurance. The adviser can help you clearly understand each policy and answer all of your questions.

This allows you to make an informed decision supported by a trained professional, who will then search the market to find the most suitable and beneficial policies. Advisers can even assist people with medical conditions to find relevant life insurance.

Once you have identified the most suitable policy, the adviser can submit an application on your behalf and help you navigate any requirements to disclose and evidence medical issues. The process and result can be made better with a financial adviser on your side. 

Whole of life assurance is one of the most straightforward types of assurance policy. However, you may still require specialist advice to ensure you take out the policy that meets any existing medical needs and preferences.

Taylor James brokers are ready and waiting to begin your search and achieve unrivalled peace of mind for you and your family.