Whole Of Life Insurance Quote
TL;DR
Whole of life insurance is designed to pay out when you die, as long as premiums are maintained. In the UK it’s often used for funeral planning or inheritance tax planning, rather than mortgage cover. It can be more expensive than term insurance, so suitability depends on your goal.
Whole of life insurance is designed to pay out when you die, as long as premiums are maintained. In the UK it’s often used for funeral planning or inheritance tax planning, rather than mortgage cover. It can be more expensive than term insurance, so suitability depends on your goal.
Key Points
- Life insurance pays a tax-free lump sum to your beneficiaries
- Term life insurance covers you for a set period (e.g. 25 years)
- Whole of life insurance covers you for your entire life
- Decreasing term is commonly used for mortgage protection
Who Is This For?
Life insurance is particularly important if you have a mortgage, dependants, or anyone who relies on your income. If your death would cause financial hardship for others, life insurance provides essential protection.
Next Steps
Our FCA-regulated advisers can help you find the right life insurance policy for your circumstances. We compare the whole market to find cover that fits your budget and protects your family.
Frequently Asked Questions
Related Topics
Content reviewed: January 2026