Whole of Life - Flickering into life

clock

When addressing a client's protection needs, most products deal in the term space. But with people potentially outliving these contracts, Owain Thomas looks to whole of life for rejuvenation.

Good things come in small packages, we are often told. Well, in some cases, it’s not just the package that is small, but the shop it came from. Such is the case with the whole of life (WOL) market. With estimates of just 20,000 traditional-style plans and a further 2,000 to 3,000 unitised plans sold each year from a handful of products derived from a few providers, many feel it has become largely ignored, even irrelevant. Only the guaranteed over-50 funeral plans market is seeing strong performance, with about 400,000 of these policies bought annually, the vast majority being unadvis...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Whole of Life

VitalityLife launches new comparison tool for advisers

Plus extra serious illness cover for children

Adam Saville
clock 16 April 2018 • 2 min read

AIG Life introduces over fifties life plan to adviser market

AIG Life has launched an over fifties life plan with a range of benefits in a bid to aim the traditional direct-to-consumer offer into a mainstream adviser product, PA's sister title COVER has exclusively revealed.

clock 06 November 2017 • 2 min read

AIG Life introduces underwriting changes

To speed up application process

clock 12 September 2017 • 1 min read