Whole of Life

Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on protection.

What is it?

As the name implies, this type of life assurance pays out when you die, whenever that may be. It is usually, but not always, a more expensive option than term assurance simply because the life assurance company knows that it will definitely pay out at some point.

Many of these plans offer some form of investment content and so can be more flexible than term assurance and can acquire cash in values.

 

Who is it for?

This type of plan is designed for those who want to leave a lump sum in the event of their death, whenever it may occur.

It can be used to pay off debts that will not be repaid during your lifetime.

For those who want to leave a lump sum to pay a potential inheritance tax liability. As Impartial Advisors we can help you find the plan that best meets your requirements.

THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE INHERITANCE TAX PLANNING ADVICE.

MORTGAGE AND FINANCIAL GUIDANCE LTD DO NOT OFFER INHERITANCE TAX ADVICE.

ALTHOUGH A WHOLE OF LIFE PLAN CAN AQUIRE A CASH VALUE ITS PRIMARY PURPOSE IS TO PROVIDE FINANCIAL PROTECTION AND SHOULD NOT BE SEEN AS AN INVESTMENT VEHICLE.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Mortgage & Financial Guidance Limited is an appointed representative of Personal Touch Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA 425858).
Mortgage & Financial Guidance Limited, registered in Northern Ireland No. 067218. Registered Office: City East Business Centre, 68-72 Newtownards Road, Belfast, BT4 1GW. Telephone 02890 941 627 or 02890 941 628.

THERE WILL BE A FEE FOR MORTGAGE ADVICE, OUR TYPICAL FEE IS £295.

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