Get whole life insurance from FRANK
Life insurance is a necessity you shouldn’t ignore. It’ll protect your loved ones from financial difficulty in the event of your death. At FRANK, we offer you whole life insurance as opposed to term life insurance.
A whole life insurance policy will see you covered until the day you die. The amount that you agree on when you take out the policy (which is also determined by your personal details) will be paid out to your beneficiaries in the event of your death.
Contact FRANK on 0860 722 227 and get covered today.
Whole life insurance versus term life insurance
The major difference between term life insurance and whole life insurance is that your cover will expire on term insurance. It is only valid for a certain time period or term. This may mean that you need to reapply if you still require cover and you may not be in a position to enjoy the same benefits as you would have with your previous cover. Whole life insurance however means that you’re covered for your entire life and, provided you keep your premiums up to date, your beneficiaries are guaranteed a payout. At FRANK, our cover is always very simple: If you die, we pay out to the people you choose.
All you need to do in order to keep your policy with us valid is be open and upfront about your lifestyle choice changes. Once the policy is in place, changes to your health will not affect the payout or your premiums. What may affect them is a change such as taking up a hobby that is considered dangerous. For instance, taking up skydiving as a regular weekend activity may affect your cover or premiums. On the same note, if you neglect to let us know that you have changed jobs, the payout to your beneficiaries could be affected.
Protect your family’s finances with whole life insurance from FRANK
Now that you know some of the differences between whole life insurance and term life insurance you can make a decision on the most appropriate option for yourself. When you’re insured with FRANK, we want you to know your loved ones are financially secure when you die.
Call FRANK on 0860 722 227 and get a Life Cover quote today.