Term or Whole Life ?

When you buy life assurance you are simply arranging for a sum of money to be paid out on your death. Policies may pay a lump sum or a regular series of smaller sums; payout may be guaranteed or may be on offer for only a limited period of time; both premium and payout may be fixed or may vary.  Investment-linked life assurance includes endowment policies and whole of life policies. As well as paying out on death these build up an investment value that may be cashed in during your lifetime. Many types of pension scheme such as personal pensions including stakeholder schemes also count as investment-type life assurance. The following links for more information: Whole of Life Level Term Decreasing Term Assurance Convertible Term Assurance Family Income Benefit Providers of life assurance policies must be authorised by the Financial Conduct Authority (FCA).
  • Life Assurance
  • What Are Premiums Based On ?
  • What Cover Do I need ?