Whole of Life Insurance will protect your family from financial burdens when you pass away. These include obligations such as funeral expenses, taxes and other duties. Your family may also use the proceeds to maintain their lifestyle and cover education and other needs.
A Whole of Life Plan guarantees to pay out the agreed Sum Assured on your death, whenever that may occur. You can choose your own Sum Assured, based on your earnings or wealth, and your family’s lifestyle.
By naming a beneficiary the proceeds of the policy fall outside of your testamentary estate. You can elect a designated beneficiary to receive the sum assured directly, and there is need to confirm this intention in a Will.
This Plan does not offer an investment return and has no maturity or surrender value.
If you are interested in learning more about Whole of Life Insurance, please contact us for an appointment.
The Product Information Leaflet gives you a better understanding of the scope of this plan. You may also read more about optional additional benefits.
The Key Features Document gives you a better understanding of the key features of this plan. It also answers some frequently asked questions and provides a clear description of benefits.