Why Zurich Whole of Life cover?

Zurich Whole of Life cover 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 protecting assets through inheritance tax planning and funeral planning.

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

Whole of Life cover

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

Eligibility:

Minimum premium £8 a month or £80 a year
Minimum age at entry 18
Maximum age at entry- single life 83
Maximum age at entry - joint life first event 69
Maximum age at entry - joint life second event 83
UK resident

Benefits as standard:

Terminal illness
Free Life cover during underwriting for up to £1,500,000.

Additional benefits:

(added at extra cost)

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. For joint policies, this benefit can be added for either or both lives assured.

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.