Whole of life
Whole of Life is a type of Life Insurance to cover funeral expenses. It is typically suitable for people aged over 50 and with no dependent children. This Insurance guarantee pays out when you die. It can give you peace of mind that your loved once won’t be burden with funeral costs when the time comes.
Although a whole of life plan can acquire a cash value its primary purpose is to provide financial protection and should not be seen as an investment vehicle.
Benefits of Funeral Cover
- Protect your loved ones
- Protect your family against financial burden of funeral costs
- Peace of mind that everything will be carried out as you want it
Over 50’s Life Protection Proceeds of these policies can be used for payment of, or towards, the cost of a funeral, following the death of the person who is insured. You could pay out more money in premiums than the policy pays out. This policy is not a savings plan and has no cash-in value. Due to inflation, any amount paid out may not buy as much in the future as it would now and may not cover the full cost of a funeral. If you stop paying premiums before age 90, the cover will end, and you won’t be entitled to claim any money back.
MProtect is a trading name of Katarina Herman who are an Appointed Representative of PRIMIS Mortgage Network, a trading name of Personal Touch Financial Services Ltd. Personal Touch Financial Services Ltd is authorised and regulated by the Financial Conduct Authority. Our mortgage advice fee is £350.
The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Trading address – MProtect, 11 Moylena Meadow, Antrim, BT41 4AF