Please note we do provide real whole life insurance quotes, though you can get a term insurance quote from us we don't pretend they are whole of life insurance as we do provide the real thing here. Now that you are here we thank you for visiting our site and hope that you find what it is you are looking for. Once again thank you for visiting and I hope you enjoy our site.
This is a policy that provides a payment on death regardless when death does occur subject to the necessary premiums being maintained through out the life of the plan. Generally premiums to for these types of contracts should be payable for the life of the contract but there are occasions when this may not be the case due to sufficient monies being available within the plan to meet the cost of the mortality deductions.
This is a policy that provides a payment on death regardless when death does occur subject to the necessary premiums being maintained through out the life of the plan. Generally premiums to for these types of contracts should be payable for the life of the contract but there are occasions when this may not be the case due to sufficient monies being available within the plan to meet the cost of the mortality deductions.
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Invest & Protect is a firm of Independent Financial advisers and as such we provide independent financial advice to the public.
We appreciate that in this day and age a lot of people already know exactly what they want and all they want to do is buy it.
So it is for this reason that we have created this site to enable people like yourself to buy whole of life insurance at a low cost discounted rate without the need for any advice.
So please feel free to navigate round the site to make your life insurance decision a little easier.
We appreciate that in this day and age a lot of people already know exactly what they want and all they want to do is buy it.
So it is for this reason that we have created this site to enable people like yourself to buy whole of life insurance at a low cost discounted rate without the need for any advice.
So please feel free to navigate round the site to make your life insurance decision a little easier.
Please find below our Key facts document.
To view these you will need to have Adobe Acrobat reader which can also be downloaded below.
We offer products from a range of insurers for term assurance, critical illness, income protection.
We can only offer products from a limited number of insurers for term assurance, critical illness, income protection.
Ask us for a list of the insurers we offer insurance from.
We can only offer products from for term assurance, critical illness, income protection.
To view these you will need to have Adobe Acrobat reader which can also be downloaded below.
We offer products from a range of insurers for term assurance, critical illness, income protection.
We can only offer products from a limited number of insurers for term assurance, critical illness, income protection.
Ask us for a list of the insurers we offer insurance from.
We can only offer products from for term assurance, critical illness, income protection.
As per the definition on our home page whole of life insurance cover is a life insurance policy that provides a payment on death regardless when death actually occurs.
Before we continue it is important to explain how a whole of life policy actually works, to do this you need to understand what it is ultimately expected to do.
A whole of life policy is expected to pay out the life cover whenever death occurs that could be now when the life assured might only be in their twenties or it may be way into the future when they are in their nineties.
Before we continue it is important to explain how a whole of life policy actually works, to do this you need to understand what it is ultimately expected to do.
A whole of life policy is expected to pay out the life cover whenever death occurs that could be now when the life assured might only be in their twenties or it may be way into the future when they are in their nineties.
Need has a great deal to do with why one over the other.
If you have a mortgage for example and this runs for a specified period of time then it stands to reason that you will only need term assurance to cover you for that same period of time.
If however you require life cover to cover your family in the event of death, then that need is unlikely to change regardless how much time elapses.
With that in mind you probably need whole of life insurance.
All that said you still may not take out whole of life insurance.
If you have a mortgage for example and this runs for a specified period of time then it stands to reason that you will only need term assurance to cover you for that same period of time.
If however you require life cover to cover your family in the event of death, then that need is unlikely to change regardless how much time elapses.
With that in mind you probably need whole of life insurance.
All that said you still may not take out whole of life insurance.
Whole of life insurance can be a very effective tool for dealing with Inheritance tax.
Inheritance tax is the tax on someone's estate over the value of J275,000.
If you have an estate over this amount then your beneficiaries could have to find an amount of tax equivalent to 40% of the excess.
This means that an estate of say J350,000 would have a potential tax liability of J30,000 due to the inland revenue on death.
If everything has been done that can be done to mitigate the tax and there is still some tax left over then the only way that you can ensure the beneficiaries will have the money to meet the bill is to write a whole of life insurance policy in trust to them for the amount of the tax.
Inheritance tax is the tax on someone's estate over the value of J275,000.
If you have an estate over this amount then your beneficiaries could have to find an amount of tax equivalent to 40% of the excess.
This means that an estate of say J350,000 would have a potential tax liability of J30,000 due to the inland revenue on death.
If everything has been done that can be done to mitigate the tax and there is still some tax left over then the only way that you can ensure the beneficiaries will have the money to meet the bill is to write a whole of life insurance policy in trust to them for the amount of the tax.
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