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term assurance vs whole of life
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drmjafri
Posts: 26 Forumite
whats the difference between term and whole of life insurance
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Comments
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The clue is in the name.
whole of life = whole of life.
term = fixed term.
whole of life will insure you for when you die whenever that may be.
Term assurance will insure you for life only if you die within the period of the cover. i.e. a 10 year term assurance will only pay out if you die in that 10 year period.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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