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Your Whole of Life Assurance Options

Life assurance can provide you and your family with unmatched peace of mind. If you’re looking for ongoing life cover that guarantees to eventually benefit your loved ones, then you may want to consider whole of life assurance.

What is whole of life assurance?

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. 

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What is whole of life assurance? (continued)

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. 

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Key considerations for whole of life assurance

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
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Key considerations for whole of life assurance (continued)

  • 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. 
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Why use an adviser to secure whole of life assurance

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.

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Why use an adviser to secure whole of life assurance (continued)

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. 

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Don’t delay your family’s peace of mind

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.  

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Call us today for a no obligation chat about planning your financial future.

Call: 0203 859 3320

Email: contact@taylorjamesfs.co.uk

Please note:

  • The plan will cease at the end of the term. If premiums are not maintained, then cover will lapse.
Erick Dodd at Taylor James is efficient, reliable and amazing.  He did a good job of sorting out all the relevant insurances  He would respond to our calls and helped with every query that we had.  Thank you Erick.
Adeel bhatty

FAQs

When should you consider getting protection advice?

Clients usually contact Taylor James about protection and insurance advice and brokering when they reach key life milestones, such as purchasing their first home or starting a family. However, there is no wrong time to consider protection options if you want immediate peace of mind and assurance. Uncover your options today by booking a consultation with our fully qualified financial advisers. We only provide tailored advice based on your situation and preferences.

Will Taylor James advisers explain all options?

Absolutely – our team are trained to assess your suitability for the most appropriate options based on individual needs and preferences. Just because you contact us about a particular insurance product doesn’t mean we won’t assess you for other options which may be even more suitable and beneficial. We take a client-centric approach to protection advice services, rather than focusing on a specific insurance product. This ensures our clients are aware of additional options and always make informed decisions.

When should I review my insurance policies?

It’s essential to review existing insurance and protection policies to ensure that these are still relevant and provide adequate protection. Big changes should trigger insurance reviews, such as pay rises, property purchases, new additions to the family and more. We prompt our existing clients to review their policies but welcome new clients to undergo a full review of their current insurance and protection products. Our team can assist in a comprehensive policy review and provide updated protection advice.

Will Taylor James help me make a claim in the future?

It should be straightforward to claim an insurance product taken out with the help of our financial advisers. However, should you need further advice or support, our team are available to help. Contact our team today if you want pre-claim advice or support. We can also help you to understand your new situation and further protection options after making insurance claims.  

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FAQs

When should you consider getting protection advice?

Clients usually contact Taylor James about protection and insurance advice and brokering when they reach key life milestones, such as purchasing their first home or starting a family. However, there is no wrong time to consider protection options if you want immediate peace of mind and assurance. Uncover your options today by booking a consultation with our fully qualified financial advisers. We only provide tailored advice based on your situation and preferences.

Will Taylor James advisers explain all options?

Absolutely – our team are trained to assess your suitability for the most appropriate options based on individual needs and preferences. Just because you contact us about a particular insurance product doesn’t mean we won’t assess you for other options which may be even more suitable and beneficial. We take a client-centric approach to protection advice services, rather than focusing on a specific insurance product. This ensures our clients are aware of additional options and always make informed decisions.

When should I review my insurance policies?

It’s essential to review existing insurance and protection policies to ensure that these are still relevant and provide adequate protection. Big changes should trigger insurance reviews, such as pay rises, property purchases, new additions to the family and more. We prompt our existing clients to review their policies but welcome new clients to undergo a full review of their current insurance and protection products. Our team can assist in a comprehensive policy review and provide updated protection advice.

Will Taylor James help me make a claim in the future?

It should be straightforward to claim an insurance product taken out with the help of our financial advisers. However, should you need further advice or support, our team are available to help. Contact our team today if you want pre-claim advice or support. We can also help you to understand your new situation and further protection options after making insurance claims.