Whole of life assurance

Most forms of protection will expire when you reach the maximum age allowed by the policy.

For example, Term assurance cover expires when the policyholder reaches the a maximum age (usually 75). However, whole of life policies remain in force for the entire life of the policy holder. There are two main types of whole of life policy.

• Reviewable Whole Life Policies
  These have an investment element, and premiums are reviewed periodically (usually after the first 10 years, with subsequent reviews every five): if at review investment performance has been lower than predicted at outset, policyholders are offered the choice of paying the increased premium in order to retain the original sum assured, or maintaining premiums at the original level and reducing the amount of cover.
• Guaranteed Whole Life
  These have a level premium, payable throughout life and pay a fixed sum assured irrespective. Premiums may be higher at outset than reviewable policies, but will remain at the same level until a claim is made.

Whole of life assurance is just one of the protection plans we offer. To find out more, contact a Barclays Financial Planning Manager.

• Important Information

  It is important that all information requested at application is answered fully and truthfully. Any information that is withheld at application may result in subsequent claims under the policy being declined. In some cases we may need medical information before we agree to provide cover. You must pay the required premium by the date(s) specified during the period of cover, otherwise your policy may be cancelled. Whole of life policies may have an investment element and may therefore aquire a surrender value. If, however, you cash them in you cancel the policy and lose your life cover. All cover is subject to terms and conditions, which will be fully detailed in your policy document.

With Barclays Financial Planning you get:

• Guaranteed premiums.
• The choice of including terminal illness.
• Benefits that can increase to combat inflation.

For more information call 0800 587 2024 to book an appointment or request a call back.