Types of whole of life assuranceProduct types available are: with profits whole of life; unit linked whole of life; low cost whole of life; universal whole of life and non-profit whole of life. With-profits whole of life assurance.This type of policy guarantees to pay the sum assured on the death of the life assured at any time.The policyholder pays an extra premium to allow participation in the with profits fund, which works on a traditional with profits basis, in that the sum assured is increased annually by...
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