Whole of Life Plan

A simple and affordable way to provide a financial gift for a loved one or to help towards funeral expenses

  • Fixed premiums from just £5 per month
  • A guaranteed fixed amount paid on your death
  • Option to nominate a family member to receive guaranteed lump sum
  • Added peace of mind for you and your family

*If you stop paying premiums in the first ten years, the policy will lapse without value.

The Whole of Life Plan is a pure protection life insurance policy and doesn’t participate in the profits of the Society’s investment fund or have any surrender or maturity value.

Product information

  • About this policy

    The future can be unpredictable at times and we know that no one likes to think about what will happen when they're no longer here. But, when the time comes, wouldn't it be nice to know that your loved ones are taken care of and that there is help towards your funeral expenses, if needed.

    Our Whole of Life Plan could be the perfect plan to do just that.

  • What are they?

    Our Whole of Life Plan is a pure protection whole of life insurance policy, provided you pay all your premiums until death (or age 90) a guaranteed fixed amount will be paid out to your estate. You also have the option to nominate* the funds to a specific person or to be used towards your funeral expenses (for policies of up to £5,000 only). 

    Please note, this product does not participate in the profits of our investment fund or have any surrender or maturity value, it is purely a whole of life insurance policy. 

  • Who are they for?

    Available to anyone who would like to generate a fixed lump sum amount when they die. You must be a UK resident and aged between 16 and 70 (next birthday) and in sound health when applying. 

  • Why open one?

    Nobody likes to think about what will happen when they're no longer around. The Whole of Life Plan can help to provide peace of mind in knowing that your loved ones will be taken care of, with added help towards your funeral expenses. The plan can provide a cash lump sum of up to £50,000 on death.


The policyholder must be aged between 16 and 70 (on their next birthday) to apply for this policy.
Please enter your date of birth

See what your sum assured could be

  • Please choose an amount between £5 and £50
Please note: You can also enter the premium amount in the box instead of using the slider. In order to provide you with an accurate quotation, it is important that you provide us with correct details. Failure to provide the correct information may result in your application and quotation becoming invalid. This quote is based on the policyholder being in general good health at the outset, the sum assured (final amount) may be reduced or the policy declined based on the findings in the medical questionnaire.


The sum assured for the amount you have selected is too high. Please select a lower monthly premium to proceed.

Please read the Key information document and Important information documents before applying for a Whole of Life Plan.

How to apply

Step one

Confirm you have read and understood our Product and Key Information

Step two

Decide how much you want to pay monthly and fill in your personal details

Step three

Complete our straightforward health questionnaire

Step four

Confirm your details are correct and submit your application

Ready to proceed?

Free £25 GIFT CARD after your new policy starts...

Simply apply online quoting the promotional code: WEB22 to receive a £25 gift card after your policy starts. Terms and conditions apply

Gift card promotion T&Cs

How much should my monthly premiums be?

You decide on how much you would like to pay (from £5 to £50 per month). The table below gives an example of a person in good health at the outset on what the life cover for a given monthly premium would be:


                                Monthly premium

Age next birthday






























































†The given monthly premium would exceed the maximum £50,000 sum assured.

Other ways to apply

Apply over the phone

Not got time to fill in the application now? Or do you have some questions before you apply? No problem, we're happy to chat through the application process over the phone at a time to suit you. Either call us on 01226 741 000, or click the link below and we can call you back at a time to suit you.

Download an application pack

Want a bit more time to fill in your application? Download an application pack and send it back to us when you're ready. If you don't have access to a printer, we can send you an application in the post.

How it works

  • Opening a Whole of Life Plan

    Opening a new plan is straightforward and should take no more than ten minutes to complete online. Decide how much cover you would like or the amount you want to pay each month and then apply online. Have a question or query? You can also contact us via phone on 01226 741 000, a member of our team will be more than happy to help.

  • How much should my monthly premiums be?

    You decide on the premium you would like to pay (from as little as £5 up to £50 a month) and we'll provide a quote which shows you the potential pay out on your death (up to £50,000). You also have the added reassurance of knowing that the monthly premium is guaranteed not to change during your lifetime. To see how much your guaranteed lump sum pay out could be, complete our quick calculator above.

    You can pay your monthly premiums by Direct Debit on either the 15th or last day of the month.

  • Any guarantees?

    This product guarantees to pay the sum assured (guaranteed amount) on death providing all premiums have been paid throughout your lifetime or at least until your 90th birthday.

  • Can I make withdrawals?

    No withdrawals can be made from this policy, only on death. If you stop paying premiums in the first ten years, the plan will lapse without value. After ten years, you may stop paying premiums and the policy will be ‘paid up’ with a reduced final amount being paid out on your death. The revised amount will be calculated by the Society's actuary and provided to you on request.

  • Charges

    Charges are taken of 125% in the first year of the policy, with the charge taken from each premium paid. In the subsequent years the charge is 10% of the annual premiums. The cash sum on death is not affected by these charges.

*For policies with up to £5,000 cover only: You may nominate a member of your immediate family, including your spouse, civil partner, parent, child, grandchild, sibling, niece or nephew. Any nomination will be invalidated by a subsequent marriage or the death of the nominee. You may amend your nomination at any time by writing to the Society.

Frequently asked questions

Our most commonly asked questions surrounding our Whole of Life Plan can be found below.

Yes, as long as the total combined premiums do not exceed £50 per month, you can take out additional Whole of Life Plans at any time before your 70th birthday.

As this is a whole of life plan, there’s no maximum term. The minimum term you can pay premiums for is ten years, but to maintain the full guaranteed final amount you’ll need to maintain premiums throughout your lifetime, or at least until your 90th birthday.

If you’re an existing premium paying member of the Society, or if you take out one of the Society’s with-profits savings policies at the same time as the Whole of Life Plan, the Society will waive your first three months’ premiums (on the Whole of Life Plan).

This is called the ‘sum assured’ (guaranteed amount) and is dependent on the monthly premiums you choose to pay and your age, health and lifestyle when applying. Providing you pay all premiums due until your 90th birthday or until your death, if earlier, the agreed lump sum is guaranteed to be paid when you die. The maximum sum assured for the Whole of Life Plan is £50,000.

Yes. For policies with up to £5,000 cover, the nomination form (sent out with your application) will give you the option to make a nomination in accordance with your wishes (immediate family including your spouse, civil partner, parent, child, grandchild, sibling, niece or nephew. Any nomination will be invalidated by a subsequent marriage or the death of the nominee.)  You can also stipulate whether you would like the Society to make a payment towards your funeral expenses before paying out any balance of the claim and, unlike some other insurance plans, you’re free to choose the funeral director. You may amend the nomination at any time by writing to the Society. If you decide not to make a specific nomination, the sum assured will normally be paid to the executors or administrators of your estate, and your family may have to wait significantly longer to receive the policy proceeds.

We’ll ask the claimant for the original or a registrar’s copy of your death certificate, together with a completed claim form and the original policy document. Providing a valid nomination has been made, we’ll aim to ensure that your family member receives the lump sum within seven days of the claim. If a nomination is not made, we may need to see probate or letters of administration.

Please note: Payments above £5,000 will require sight of a will, probate or letter of administration as applicable and production of the original policy document.

We won’t pay a claim in the unfortunate event of your death before the first anniversary, unless you die as a result of a fatal accident. Where the first three premiums are waived by the Society (see ‘Do I qualify for any special incentives?’ above) your policy will still need to have been running for at least twelve months for a non-accidental death claim to be paid.

Any lump sum we pay out will be free of personal income tax or capital gains tax. If the cash sum forms part of your estate, it may not be free from inheritance tax.

Tax treatment depends on individual circumstances and may be subject to change in the future.

When you open a policy with us, you will automatically become a member of the Society (adult policyholders only). As well as being able to have your say on how the Society is run each year, you will also have access to various discretionary member benefits when available, such as optical and dental grants, as well as exclusive access to a range of discounts and offers.

Need some further assistance? Our knowledgeable team would be happy to provide you with factual information about our products and services, so you can make your own decision about how to proceed. However, we are unable to give any advice or recommendations on the suitability of our products. If you are unsure, you should seek advice from a qualified financial adviser, which may incur a fee.

To comply with regulations, the Society will require confirmation of your identification and address. We’ll aim to do this using an electronic verification system, but reserve the right to ask for appropriate documentation from you, if this is not possible.

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