Whole of Life Plan

Whole of life policies protect your wealth and provide for your family by paying out a lump sum when you die.

What is a Whole of Life Plan?

Everyone wants peace of mind knowing their family or business will be taken care of when they’re gone.

This policy pays out in the event of your death. Assets are placed into a suitable trust, falling outside of your estate for inheritance tax purposes. This allows you to leave more of your estate to your next of kin by contributing the lump sum to the inheritance tax bill.

Will writing is not part of the Openwork offering and is offered in our own right. Openwork Limited accept no responsibility for this aspect of our business. Will writing is not regulated by the Financial Conduct Authority

What is included in the cover?

The cover is designed for those who want to provide financial support to their dependents when they dies. It can be used to cover an expected IHT bill, cover the costs of funeral expenses or provide financial support to your dependents. Cover can also be taken out for business purposes – to provide a lump sum if a key person dies, to purchase shares owned by a director or partner or cover interest payments on a business loan.

What are the benefits of Whole Life Plan?

Fixed benefit for your beneficiaries

This life protection won’t vanish if premiums are paid — it’s a financial product that remains in place for your entire life. 

It provides security

Worrying about your family and how they would cope in your absence is a typical thing

It lasts the whole of your life

Surprisingly for many, not all life insurance policies actually last for your entire life.

It’s easily understood

Though not the largest benefit, the pure and simple nature of whole of life insurance makes it a breath of fresh air in a complicated field.

Other Protection Policies

Life Insurance

Critical Illness

Family & Personal Income


Get The Right Advice For You!