Whole of life insurance is designed to stay in place for your lifetime. It’s often chosen by people who want certainty that a payout will be made at some point, rather than cover that ends after a set number of years.

The cost depends on factors such as age, health and the level of cover chosen. Premiums are usually fixed, but it’s important to understand how long they’re payable for and how the policy works over time.

The main benefit is certainty. It can help with future costs, leave a financial gift or reduce the financial burden on family when the time comes.

Some policies offer flexibility, while others are more fixed. This is one of the areas that’s important to understand before putting cover in place.

It depends on your priorities. Some people value simplicity and certainty, while others prefer time-limited cover. The key is choosing what aligns with your longer-term plans.

That depends on what you want the policy to achieve. For some, it’s covering specific costs. For others, it’s about leaving something behind. There’s no one-size-fits-all answer.

Whole of life insurance can be more expensive than time-limited cover, but it offers different benefits. Cost should always be considered alongside purpose, not in isolation