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Whole Life

Whole Life Insurance

The idea behind whole life or whole-of-life insurance is that the policy pays out a lump sum to your dependents when you pass away. The main advantage of taking out a whole life insurance policy is that it lasts as long as you do, and does not require renewal at any stage. You simply pay a monthly premium. When you die, your loved ones will receive the pay-out.

With a whole life insurance policy from Continental, you’ll receive a contract that includes premiums for insurance and investment components, protecting you for your entire life. Upon death, your loves ones will receive a predetermined amount.

How Does Whole Life Insurance Work?

When you talk to the life insurance experts at Continental you will be presented with a full range of options. You can choose to purchase a whole-of-life plan and then pay in monthly or annual instalments, or elect to pay a one-off sum. You may have the option to add extra insurance against certain illnesses, or becoming disabled.

The money you pay is then split. Some of the amount is used to buy your life assurance, and the rest is invested in an investment fund. Your policy should have regular review dates.

Why do you need whole life insurance?

Whole life insurance may work for you if you know you want to provide a cash pay-out for dependents after your death, in order to keep them financially stable, particularly where you have been the breadwinner. Whole life insurance often has the advantage of paying out a higher amount for your dependents, because it links life assurance with investment, although the final amount will depend on how well the investment performed.

As an individual with whole life insurance, you can borrow against or withdraw accumulated cash value, if you need to. You may also use a whole life insurance policy to liquidate business debts. At Continental, our life insurance experts are happy to advise you further and clarify any questions you may have.

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Get in touch with the expert advisers at Continental

Deciding on the life insurance policy that’s right for you can be a daunting task. At Continental our specialist life insurance experts are happy to talk you through a wide range of options, including whole life insurance. We’ll help you unravel the complexity of the insurance world and find the right life insurance solution, tailored for your specific needs.

For help with choosing the right insurance policy, get in touch today.

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Three reasons to choose Continental

1.

A network of qualified professionals

We recognise our responsibility as your guide to the complex, ever-changing world of financial planning and advice. Our advisory and consulting services help you better understand your options to create proven solutions that align with your goals.

Continental’s team of over 300 qualified members operating from offices in the Middle East, Europe and Asia are geared to provide you with impeccable service and unbiased advice that is backed by professional qualifications, rich experience and a guiding philosophy of doing what is right for you, our client.

Our dedication to continuing education, research and technology, ensures we stay ahead, so we can take you further.

2.

Multifaceted solutions

For us there’s nothing more important than your financial security. Whether you are securing your family’s future, assisting your clients or planning your own expansion, Continental can provide the guidance and resources necessary to reach your financial goals and aspirations quickly and efficiently.

Our extensive range of products from reputed local and international partners allow us to offer you the most comprehensive financial and insurance solutions in the market with a commitment to provide a dedicated and personalised service to you at all times.

3.

A personalised approach

We believe that in life, and in business, personal relationships come first. Our relationships are founded on trust that we work hard to uphold – always in addition to a qualified, experienced team.

To help you meet your unique financial goals and aspirations, we ensure that our advice and recommendations are tailored to suit your objectives, risk tolerance, time horizon, cash requirements and other key parameters. We source solutions that are designed based on your long-term interests which could vary from minimising risk, preserving wealth, to maximising income or accumulating capital and other financial desires.

The quality of our service relies on confidentiality, trust and discretion, which make us the preferred choice for our clients.

What our clients say about us

FAQ

1. What is the difference between whole life insurance and term insurance?

You’ll find that the difference between whole life insurance and term insurance is that whereas whole life insurance will cover your entire life until you die, term insurance is for a set period – perhaps 5, 10, or 25 years. Once term insurance has run out, there is no cash value.

2. Why would I take out term insurance rather than whole life insurance?

Term insurance is generally cheaper to take out. If you only need to be covered for a number of years, this can work well for you.

3. Will the pay-out remain the same no matter when I die?

Your pay-out will depend on the details of the whole life insurance policy you buy. For more information about whole life insurance, please get in touch with us here at Continental.

Other life insurance policies

Term Life

A guaranteed lump sum pay out or regular income should you die within the given period of the policy term.

Learn More

Critical Illness

Complete protection for your uncovered medical bills and household bills should you fall seriously ill.

Learn More

Universal Life

More flexible, permanent coverage which offers low-cost protection alongside a savings element that grows over time.

Learn More

Endowment Plans

Coverage for death, as well as offering savings that build up, released on maturity should you survive the policy term.

Learn More
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