Whole of Life Insurance

Lifelong coverage from policy activation to point of death
Pays a fixed lump sum amount of money when you die
Cover funeral costs, pay an inheritance tax bill or provide a gift to loved ones.

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What is Whole of Life Insurance?

Whole of life insurance is an insurance product that pays out a tax-free lump sum amount of money when you die. The product protects you for the whole of your life (hence the name) and is guaranteed to pay out the benefit amount to your loved ones. This differs from term life insurance, which protects you for a set number of years. At LifeSearch, we search the market to find the best insurance for you, whether that’s whole of life insurance or term life insurance.

Tell us a bit about you, and we'll search the market for the best cover options.

Do you know what cover you need? Yes, I think so No, I need advice

Which cover do you want?

Individual or joint policy Just myself Myself and partner

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Do you know what cover you need?

Life cover, income protection, critical illness cover, family income benefit and more - there's so much choice. If you know what cover you need, great; if not, we're here to help and advise.

Single or joint policy?

You may need a joint, or a single policy. Not sure what you need?...we can advise, and usually if it's a joint application, we would recommend individual policies.

We're confident you won't find a better life insurance broker.
We know our stuff and our customers love us.

What is Life Insurance and how does it work?

Life insurance protects your loved ones with a lump sum payout, ensuring that they don’t suffer financially if you’re not around anymore. A policy is usually bought to cover the period (or term) that your family most need help i.e. during a mortgage term, or when your children are financially dependent on you.

How much does Life Insurance cost?

It all depends on a few things; your health, your age, your smoker status, the amount of cover you're after and maybe even your hobbies. Read more about the average cost of life insurance here.

What does Life Insurance cover?

Life insurance covers common causes of death such as illness, disease, cancer, heart attacks or accidents. Depending on your cover, it may also cover a terminal illness diagnosis and suicide. Common exclusions are pre-agreed medical conditions, chronic illnesses, disabilities, drug and alcohol abuse and high-risk activities.

How much tax is deducted from Life Insurance?

Although a life insurance payout is often talked about as a tax-free lump sum, this is true up to a point. If your estate is valued above £325,000 (or £650,000 if you’re married) or the life insurance payout pushes your estate value over the threshold, you might be hit with inheritance tax.