Whole life insurance covers you throughout your life until you die and guarantees a payout to your family, providing you have maintained the payments.
Always read the small print in your policy to see what is covered for example: some insures won't pay out if you die while taking part in a dangerous sport or pastime.
If you have given up smoking since you took out your life insurance cover then inform your insurance company. Many will make reductions if you have stopped for 5 years, but with others it's only 12 months.
Did you know that a quote for the same policy from the same company could be invariable cheaper if you apply online because of the cheaper admin costs. This may also apply, if your continued communication is online. However in these cases you may need human contact over the phone.
Taking out Premium protection cover on your policy means if you become unemployed or are off work sick your monthly premiums would be paid by the Life
insurance Company.
