What is Whole Of Life Insurance?
nlike Term Assurance Policies which run to a pre-determined date, whole of life policies will run until the death of the life insured, at which point, the benefit is paid.
It ensures a guaranteed fixed, tax-free, lump sum in the event of death or, upon diagnosis of a terminal illness, providing much needed reassurance that you are able to:-
- Provide a gift to your family
- To assist family members with the cost of living
- Pay funeral costs
- Assist with an inheritance tax liability
Policies are set up with a specified sum assured or, the sum assured can be dictated by specified monthly premium. The premium must be one that can be feasibly and realistically maintained throughout your lifetime, potentially with a reduced income following retirement, to ensure the policy remains in force and the benefit realised upon your death.
The plan may have no cash in value at any time. If premiums are not maintained, then cover will lapse.
Client Testimonials
Shaun has been advising and arranging financial products for me since 1996.
He has always offered professional and reliable impartial advice. I highly recommend him and his team.
Ken Blancharde
Shaun was recommended to me two years ago.
We meet up yearly to discuss any changes in my circumstances and adjust my policies as needed.
I highly recommend Shaun for his professionalism and he’s always available for a chat.
Reason: Whole of Life policies are long term financial planning products, these testimonials highlight long term advice and reviews.
Angelique da Silva
Contact Details
St Swithin’s Park,
Almondsbury,
Bristol,
BS10 7TP
We are situated in The Bristol Golf Club, off Junction 21 along the M5, near to The Mall at Cribbs Causeway.
Free parking and a warm welcome is always assured.
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A referral remains the highest compliment we can receive. If you have family or friends that could benefit from our advice, we would be grateful for the introduction. Thank you.
Pure Protect Bristol is a trading name of Shaun Bond who is an Appointed Representative of PRIMIS Mortgage Network, a trading name of TenetLime Ltd. TenetLime Ltd is authorised and regulated by the Financial Conduct Authority. Registered office, St Swithins Park, Blackhorse Hill, Almondsbury, Bristol, BS10 7TP. Principal Shaun Bond