Whole of Life Insurance, is a life insurance policy which is guaranteed to remain in force for the insured’s entire lifetime, provided required premiums are paid.

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Whole-of-life policies payout a lump sum when you die. The size of the payout depends on your policy. With some policies, you can stop paying once you reach a certain age, but with others you have to make payments until you die.

The benefit amount is set from the outset and will not decrease over time but you can unit link the policy so that the benefit amount rises with inflation, which is always worth considering.


  • Your estate will get a lump sum when you die, so long as you are still paying the premiums (or paid the premiums up to the age stated in the policy).
  • Usually a minimum payment on death is specified. For unit-linked/flexible whole of life policies anything over and above this depends on the value of the funds you are invested in, or the bonus payments received by your with profits policy.
  • You might end up getting back less than you invested.


At Brilliant Money we have a specialist team of advisers that will search the Whole of the Market to find the best and most cost effective policy which is suitable for your needs. Please contact one of our advisers today who will be happy to help.