When taking out life insurance you typically have two main choices; cover that lasts for life or cover that lasts for a set period of time.
Term-based cover lasts for a specified period of time, whilst whole of life cover lasts for the rest of your life and guarantees a pay out.
Both provide protection in case the worst were to happen, but how do you know which is right for you?
By using an FCA regulated broker service, like the one we provide at Reassured, you can compare both term and whole of life quotes to find the policy that best meets your unique needs.
Keep reading to find out the differences between term life insurance and whole of life insurance…