Whole of Life Insurance

What is whole of life insurance cover?

Whole of Life insurance (WOL or whole of life assurance) is a policy designed to pay out a lump sum to your loved ones when you pass away, no matter when that is.

As the name suggests, it lasts the whole of your life – there is no expiry date - and is guaranteed to pay out at some point, as long as you keep up with all your monthly premiums.