Why Zurich Whole of Life?

Zurich Whole of Life has no upper age limit at claim. It protects your customer for the whole of their life and pays out when they die or are diagnosed with a terminal illness. Whole of Life is suitable for certain circumstances that your customer may want to cover, such as helping to cover the costs of things like inheritance tax or funeral planning.

We’ve built our Whole of Life product in a way that lets your customer choose the cover they want and change it when their life changes.

Whole of Life - key product features

Provides cover for the whole of your customer's life, paying out when they die or are diagnosed with a terminal illness.

Eligibility

Minimum age at entry - age 18 attained
Maximum age at entry (single life) - age 83 attained
Maximum age at entry (joint life first event) - age 69 attained
Maximum age at entry (joint life second event) - age 83 attained
Minimum premium - £8 a month or £80 a year
Life assured must be registered with a UK doctor for at least 6 months prior to application
Life assured and policyholder must be a UK resident

Included as standard

Free life cover during underwriting for up to £1,500,000 (eligibility criteria applies)
Terminal illness
Milestone benefit

Additional benefits

(added at extra cost)

Waiver of premium

Trusts

For the Whole of Life product, our Discretionary Trust and Discretionary Survivorship Trust can be fully completed online on our Life Protection Platform, without the need for signatures. If you have all the relevant information from your customer to hand, you can complete the application in one go.

We also offer an Absolute Trust which can be applied for through our paper trust process. Any external trusts must also be processed through our paper trust process.

Whole of Life – detailed product features

Free life cover during underwriting

For up to £1,500,000 (eligibility criteria applies).

Inheritance tax protection free cover (116.9 KB/PDF)

Terminal illness

A claim for terminal illness will be paid where there is a definite diagnosis that the illness either has no known cure or has progressed to the point where it cannot be cured, and the illness is expected to lead to death within 12 months.

Milestone benefit

Enables your customer to increase their sum assured when significant events occur without having to answer any health questions.

Waiver of Premium

We'll pay the premiums on the policy if your customer is too ill or injured to work for more than 6 months and they can't perform their current job.

Milestone benefit

We know a lot can happen between the day your customer takes out their policy and the day they need to make a claim. When these significant events occur, your customer can use the milestone benefit feature of their policy to increase their sum assured. They won't have to answer any health questions, but their premiums will change.

Mortgage

Take out a mortgage or increase the mortgage they already have

Marriage

Get married or enter a civil partnership

Separation

Divorce, separate or dissolve a civil partnership

Becoming a parent

Starting a family

Payrise

Get a pay rise of 10% or more

Inheritance tax

Have an increase in their inheritance tax liability

The maximum increase your customer can make to their sum assured is the lower of the original sum assured or £200,000.

This benefit must be used within 90 days of the significant life event and can only be used if your customer is 54 years old or younger. If your customer is using this option in connection with an increase in inheritance tax liability, they will need to be 69 years old or younger.