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What are the benefits of a Whole of Life policy?

This is a plan which may have been recommended to you if your beneficiaries will be liable to pay any Inheritance Tax on your death.

The plan is set up to payout when you die so it can help your loved ones to pay off any taxes.

A Whole of Life is generally more expensive than a term policy as it is a plan that is guaranteed to pay out at whatever age you die as long as premiums are paid up to date.

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