Term or whole of life? In 2023, 1.5 million term policies sold, down from 2017, while whole of life rises ABI, 2023. Spirit Cover cuts through the noise - term for now, whole for always, both with trusts and extras like Global Treatment. Let’s compare.
Term Life
- What: Set time - 10, 20, 30 years.
- Cost: £15/month for £100,000 (30-year-old) Forbes Advisor UK, 2024.
- Use: £248,000 mortgages, kids Statista, 2023.
- Limit: No payout if you outlive it.
Whole of Life
- What: Forever, guaranteed payout.
- Cost: £50-£100/month for £100,000 Finder UK, 2020.
- Use: £4,267 funerals, legacies Finder UK, 2020.
- Spirit Edge: Trusts (tax-free HMRC, 2023), Physio Support.
Your Pick
Term for short-term - whole for forever. Spirit’s advisor - like Joe - nails it to your life.
Find Your Fit
Not sure? Tell us your goals, and your Spirit advisor will match it - trust-smart, benefit-rich. It’s your plan, your way.