|
|
| Home > Life Assurance > Whole of Life Assurance |
 |
 |
| Where as term assurance will only last for a certain amount of time and then stop, a whole of life policy will last until your death, where it will pay out. This assumes that you continue to pay for the premiums. Most policies will also have a surrender value after the first few years. The policies usually include an investment element and the premiums are usually reviewed and may increase in the future. These policies are not as simple as term assurance policies and it is important that you seek professional advice regarding them. |
|
|
|
|
|
|
