Whole Of Life

Whole Of Life – The Ultimate Protection For Your Dependents

A whole-of-life life assurance policy

will cover you for however long you live (your whole life!), as long as you continue to pay into it. It’s the ultimate protection for your surviving family.

When is whole-of-life cover useful?

  • It is useful where you have long-term dependents, such as a sick or disabled son, daughter or spouse, who will outlive you
  • It can be a useful way to pay for funeral expenses or inheritance tax
  • If you have a large amount of assets that you wish to protect against inheritance tax

There are two types of whole-of-life cover:

Guaranteed – you pay the same annual premium from the time you take out the policy until your death and the pay-out will be the fixed sum you agreed at the beginning.
Reviewable – you may adjust your premiums at intervals and this will be reflected in the final pay out. Part of your premium is invested in index-linked funds, the idea being that it earns interest which will either act as a buffer fund into which the life assurer can dip as you get older before it needs to increase your premium. Should you cancel the policy, its value will be paid out to you. A word of warning – with a reviewable policy, your premiums will increase as you get older. Some people find the increases are not affordable. If you stop paying into the policy, or pay less, your cover may be drastically reduced. There may come a point where you decide you don’t need it anymore – say in the case where you have no dependents – at which point you might consider converting it to a straightforward savings account. If you have a reviewable or

guaranteed whole-of-life policy

and would like advice, or if you want to take out whole-of-life cover and have some questions, don’t hesitate to contact one of our experienced financial advisers on 05793 50079.
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One of our qualified advisors would be happy to help you work out how much cover you need to protect your family. Call us today on 057 93 50079.

Everybody’s different, but everybody’s vulnerable

At Clever Money, we believe in meeting our customers face to face. Our qualified financial advisers take the time to get to know your circumstances so that they can offer tailored advice. You won’t get that from an online-only insurer.
We are authorised by the Central Bank of Ireland as an authorised adviser, which means we can offer you products from all the leading life companies. For you, that means we can guarantee you the lowest premium.
If you’ve been thinking that your family would be vulnerable should something happen to you, our financial advisers would be happy to advise you based on your own circumstances.

Give us a call today on 057 93 50079