It depends on your estate size, current assets, debts, and what you want the policy to do. Is your goal to use the whole of life insurance policy to cover your inheritance tax bill, support your family, or both? Our advice can help guide you through the numbers and recommend cover that makes sense and stays affordable.

It’s simple, you pay a set monthly premium for life, and when you pass away, your insurer pays out a lump sum to your loved ones. This can be used for funeral costs, to cover your inheritance tax bill, or just helping your loved ones to stay financially stable.

Ultimately, there’s no ‘right’ time to get whole of life insurance, but it’s worth noting that the older you are, the more expensive your monthly premiums will be. So getting a policy when you’re younger and more likely to have a full bill of health is a smart move. 

If you have loved ones, an estate worth over £325,000, or want to pass your finances down to your loved ones, then yes, it’s worth seriously considering. And remember, you don’t have to choose between one type of life insurance and another. Many people have more than one policy to protect different parts of their life.

For many people, yes. It’s the only type of life cover that’sguaranteed to pay out, so you know your loved ones will benefit from it no matter when you pass away. Plus, it gives peace of mind knowing you’ve taken care of things ahead of time.

Yes! Whole of life insurance is a great tool to help cover the cost of your inheritance tax. When set up correctly, your policy payout can be used to settle inheritance tax, helping your loved ones keep more of your estate.