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Whole of Life Insurance
This type of policy will secure a guaranteed lump sum pay-out on your death.
Whole of Life policies are great in theory, however they do have a couple of drawbacks. Firstly with many of these policies you must survive for 2 years before you can claim on the policy. And secondly you will very often pay out more in premiums than your family will ever receive when you pass away.
To find out how much you could expect to pay for a Whole of Life insurance policy, contact the experts at Your Life Protected today!