Whole of Life

For intermediaries only

Our Whole of Life insurance policy is designed to pay a lump sum to your client’s family when they die or are diagnosed with a terminal illness. The funds from a claim can be used to help protect their family against the financial impact of the death, or to pay any inheritance tax that may be due on their estate.

Your client should consider placing their policy in a Flexible Trust (if you're submitting their application online) or an integrated trust (if your client is using the paper application form), so that the benefits don't form part of their estate. This means more of their money will go where they intended. 

This information is based on our understanding of current taxation law and HM Revenue & Customs (HMRC) practice, which may change. Trusts establish legal rights and entitlements and might have material financial and tax implications for the settlor, trustees and beneficiaries. Aegon UK isn’t authorised to provide legal advice, so you should take your own legal advice before setting up a trust, to make sure that it meets your clients’ requirements. Our trusts have been drafted for use by UK domiciled individuals.

Calculate your inheritance tax (IHT) liability

Our IHT calculator(Opens new window) can help you identify how much tax could be due on your client’s estate when they die.

IHT calculator


Our Whole of Life policy is designed to be as flexible as possible, by offering:

  • free cover for up to 90 days may be available while we assess your client’s application – which can be held in trust if they choose this at the same time as the cover.
  • a selection of guaranteed insurability options, so that your clients can increase their benefit amount as their circumstances change;
  • a gift inter vivos option to help protect against any inheritance tax liability in the seven years after making a gift, and
  • a joint-life separation option that can even be used on joint-life second death policies - so that if your clients divorce or dissolve a civil partnership, they can split their policy into two single-life policies.

Free immediate cover

As part of doing everything we can to help, we automatically provide free cover of up to £1 million or the benefit amount, whichever’s lower, for up to 90 days. This means your clients can relax while their application is being processed, safe in the knowledge that some, if not all, of their protection needs are covered. For more information on your clients eligibility for free cover, please see our Key features(Opens new window).

More than just financial support

At no extra cost, your clients will have access to a health and wellbeing service(Opens new window) provided by our partners, Health Assured. This confidential service is available 24 hours a day, seven days a week, throughout the life of your clients policy and at claim time.

Adviser login

Log in to our secure online services to apply.

Log-in for our secure online services

Personal Protection

Find out more about our Personal Protection menu.