Whole Life Insurance Quote
What is a whole life insurance quote?
A whole life insurance quote provides customers with a quote for whole life insurance. Whole life insurance is the more expensive of the two main forms of life insurance, but is also the version of the policy which offers a guaranteed return on investment.
A whole life insurance quote will provide customers with a life insurance policy until they die, whenever that may be. It covers customers who die at 20, or 120 and will guarantee the family of that customer a lump sum payout when the customer dies.
A whole life insurance quote is different to a term life insurance quote, which provides customers with life insurance over a certain term, usually the length of a mortgage. Term life insurance is rarely offered to a customer beyond their 60th birthday, so the majority of customers outlive their policy and never get to make a claim. Term life insurance is far more expensive than a whole life insurance quote as a result.
Why do I need a whole life insurance quote?
Whole life insurance, and any form of life insurance for that matter are important to any customer who has financial responsibilities. Those responsibilities may be an outstanding car loan, a child or a mortgage. If you did not have a whole life insurance quote which you then turned into a policy, who would pay your mortgage and for your children if you suddenly died tomorrow?
A whole life insurance quote is still useful even after your need for a life insurance payout for your family has run out. You may reach a stage where you have paid off your mortgage, and your children have left home and become financially self sufficient and the need for a payout has fallen. At this point you are able to start borrowing money against your final payout, using it as you please.
You may wish to go on a luxury holiday, or to use the money to pay for grandchildren to go to university. Other people may use the money to give to their children while they are still around to enjoy the joy and benefits that the money may bring.
Where can I get a whole life insurance quote?
Here at Life Insure we offer every form of life insurance and can help you get a quote from the biggest life insurance providers, to help you find the best policy for you.