Whole of Life plans are designed to be extremely flexible while offering a high level of financial protection. Whole of life insurance will cover a policyholder for their entire lifetime and will accumulate a cash value that can be reclaimed if the policy is ever cancelled.
With Whole of Life protection the policy holder has a wide range of benefits that they can add to a plan including critical illness, serious injury, accidental death, hospitalization, long term care, and family income protection. These benefits mean that a Whole of Life plan will provide the policyholder with the most comprehensive levels of protection available and can give you the security that no matter what the future may hold, you and your loved ones will have the support that you need.
Generally, Whole of Life plans will give you a choice as to the level of premium that you will pay, and if your situation should happen to change drastically many plans will give you the option of modifying your levels of protection. Whole of life insurance is designed to be flexible and meet an individual's requirements at any stage of life. With choices ranging from how you pay and when you pay for a plan, which funds you would like your plan to accumulate in, and the beneficiary allocations, with whole of life insurance the plan is in your hands.