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Sheila
Tarr
Independent
Financial Services |
Protection: Whole of Life Cover | |
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A Whole-of-life (WOL) assurance is, as the name implies, designed to cover the life assured for the whole of that lifetime. It will pay out the amount of the life cover in the event of the death of the life assured provided that the policy remains in force.
As WOL assurance will definitely pay out sooner or later, life companies build up a reserve to enable them to pay out when a life assured dies. This also allows life companies to offer surrender values on WOL plans that are cancelled before the death of a life assured. These surrender values however are generally small when looking at the sum assured and the premiums that have been paid. WOL plans can be arranged in a variety of ways to suit the individual and their needs and if it is something you would like more information on, please contact Sheila Tarr I.F.S |
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Your home may be repossessed if you do not keep up repayments on your mortgage. Your investment may go down as well as up, you may not get back the full amount invested. Past performance is not a guide to future performance
Sheila Tarr Ltd is Authorised and Regulated by the Financial Services Authority |
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