Term and whole of life insurance cover offer two types of life protection – term insurance covers you for a certain amount of time while whole of life insurance lasts until you die.

Term life insurance

With term life insurance you are taking out a policy for a specific period of time, for example, 10, 20, or 30 years, and this is known as the ‘term’. Benefits are paid only if you die during the term of the policy.

Whole of life insurance

Whole of life insurance cover does not have a fixed term and so covers you for life and if you pass away a lump sum payment will be paid to your family. For this reason it is often used as a tax efficient way of estate planning.


The decision to choose whole of life or term insurance cover, is a personal one. In making your decision, you should consider why you are looking for insurance and how long you want your insurance cover to be in place. It’s a good idea to think first about your financial objectives.


When deciding between term and whole of life insurance cover, having all the information is key. Guidance from a financial advisor should help. You can find a financial advisor near you with the Zurich Financial Advisor Finder or our Financial Planning Team can provide you with more information about Zurich's insurance options.

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