What is a Whole of Life Policy?

Whole of Life policies are designed to pay a sum of money to a consumer’s family on their death. With the most common types of policy – reviewable – the consumer chooses that sum, pays regular monthly premiums, part of which are used to build an investment fund.

A Whole of Life policy can be very expensive. A consumer is paying for insurance and for the investment. In addition, the risk associated with the investment element can result in a consumers being left with less life cover than required – and unable to protect their family in the way they intended.

Obligations of the Adviser or Sales Person for mis-sold Whole of Life Policy

How was this product mis-sold?


Additional Information

Useful Links

Whole-of-life policies

Provided by FOS (Financial Ombudsman Service)

Complaints involving whole-of-life policies

Provided by FOS (Financial Ombudsman Service)