What’s the Difference Between Term and Whole of Life Insurance? Spirit Clarifies

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

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.

Pick Your Plan