Whole Life Insurance

PROTECT YOUR FAMILY’S FUTURE

Make sure your loved ones are looked after, should the worst happen.

Whole Life Insurance guarantees a provider will pay out a lump sum to your loved ones when you pass away. We can compare the policies available and identify the best deal for your personal circumstances and needs.

Call us on +971 4 396 1878 or use the button below to get a free no-obligation Whole Life Insurance quote.

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Whole life insurance

What is Whole Life Insurance?

It’s not something we like to think about, really, but who would look after your loved ones, financially, if you died, or were diagnosed with a terminal illness?

Whole Life Insurance offers financial support to your loved ones, who’ll receive a cash lump sum when you pass away. Part of the premiums that are paid in can optionally build up as an investment.

Payment options are available with added flexibility to increase or decrease cover to adapt to your personal circumstances (subject to T&C). You’ll remain covered so long as you pay the premium.

How does it work?

Whole Life Insurance offers coverage for the full lifetime of the insured. Premiums go toward both maintaining the policy’s death benefit and allowing the policy to build a cash value at a guaranteed rate.

The policy owner can borrow funds against that cash value or, in some instances, withdraw cash from it outright to help meet needs such as paying for a child’s college education or covering medical expenses.

You usually pay a monthly or annual premium. Insurance providers may review this from time to time and revise the amount you have to pay.

Whole of life policies usually have two elements:

  • one part of your money is used to buy life assurance

  • the other part of your money is invested, with the pay-out for this part depending on how the investment performs over the years.

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What are the benefits of Whole Life Insurance?

Whole Life Insurance offers several advantages not available from any other financial instrument, such as:

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Are there other options available?

Yes, quite a few in fact. Let’s take a look.

  • You can get a Joint Policy by including your spouse or partner when creating your policy.

  • You can opt to include Critical Illness Insurance, so that you’ll receive a pay-out on the diagnosis of a severe ailment or medical condition such as cancer, heart attack or stroke.

  • You can opt to include Total & Permanent Disability Benefit (TPD), so that you’ll receive a pay-out on the diagnosis of a total and permanent disability.

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What about Term Life Insurance?

Unlike Whole Life Insurance, Term Life Insurance only pays out if you die during the set term of the policy.

This cash benefit may be used by your beneficiaries to help pay off things such as healthcare and funeral costs, a mortgage, debts, bills and expenses.

You may be able to renew your term policy at its expiration, but the premiums will be recalculated for your age at the time of renewal.

IAE INSURE can help you choose the level of cover suited for your personal circumstances and needs.

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Why get Insurance through IAE INSURE?

We’ll find the right policy for your needs

We work with the leading Insurance providers and underwriters in the UAE so that we can tailor the best policy for your unique circumstances and needs.

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Our fully qualified and highly experienced Life Insurance advisers are always happy to provide a free no-obligation quote and their expert advice.

Speak with us at a time that suits you.

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Hear from our recent customers:

IAE Insure are thoroughly professional and know the insurance market inside out to get you the best available deal.

John L. / Dubai
Jayne H.

Great service! Excellent customer experience. I would highly recommend their life insurance service to anyone.

Jayne H. / Dubai
Alexander T.

Process is painless and I honestly got a much better life insurance deal than expected. Highly recommended.

Alexander T. / Dubai
Lara W.

Everything was done fast and in an efficient way over email. The staff are friendly and will follow up with you.

Lara W. / Dubai
Richard S.

IAE Insure provided fabulous customer service, simply amazing! Thank you and keep up the excellent work.

Richard S. / Dubai
Mark W.

Great value for money and cost effectiveness with the options given. The after sales follow-up is appreciated.

Mark W. / Abu Dhabi

What do I need to get a free quote?

To get a free no-obligation Insurance quote, you’ll need to provide us with a few details, including:

  • Date of birth

  • Lifestyle habits, including whether you smoke

  • The type of policy you want

  • How long you want the cover for

  • How much cover you want

Call us on +971 4 396 1878 or use the button below to get a free no-obligation Insurance quote.

Get a free quote

Frequently Asked Questions (FAQ)

Do I need life insurance?

It’s advisable to have a life insurance policy that provides a safety net should something happen to you especially if you have a partner, children, or parents who depend on you. A Life Insurance Policy will protect you, your assets and your loved ones when you no longer can.The payout from a policy could mean that it helps with medical bills, mortgage payments, outstanding debt, or provides a monthly income for your family. By having a Life Insurance in place you might not need to use up your savings thus letting you save your money for other uses.

What does life insurance cover?

Life insurance pays out a lump sum to your beneficiaries if you die. If you have critical illness cover on your policy, a payout is made on diagnosis of a critical illness like cancer, a tumour, or a heart attack.The funds from these policies are often used to pay off a mortgage, joint and several debts that would otherwise be transferred to your partner or to cover rent and day-to-day expenses such as utility bills, educations costs and whatever your day to day living costs are.Funds can also be used for any extra medical care that might be required or to provide nursing care to help with any recovery.

When's the best time to get covered?

The earlier you take out a Life Insurance policy the cheaper your life insurance policy is likely to be. This means it’s more efficient in the long run and it means that as soon as you get married or have any dependants they’re immediately protected.

Can I get cover if I've had health problems?

Everyone situation is unique, and as such every policy is underwritten for that individual and their circumstances.While personal and family health history is one of many key price indicators (along with current health, age and smoking habits), it doesn’t in any way prevent you from receiving quotes.Our experts have helped many happy applicants with pre-existing conditions and health challenges and have enabled them to obtain Life Insurance that suits them.

What do you mean by ‘death by natural cause’?

In the most general terms, death by natural causes is an unexpected death. That is: a death not resulting from accident, homicide or suicide. Likewise dying as the result of a natural disaster such as an earthquake is not considered death by natural causes.Death by natural causes typically occurs when a disease progresses to the point that it causes organ failure and the person dies. Types of diseases that typically lead to death by natural causes include heart disease, diabetes, cancer, stroke, Alzheimer’s and some genetic disorders.

What do you mean by ‘terminal illness’?

Should a covered individual be diagnosed with a terminal illness, payment can be distributed while the policyholder is still alive, as long as their death from the illness is considered a certainty. Terminal illness riders are common on many life insurance policies.

What do you mean by ‘accidental death’?

An accidental death policy is usually built into life insurance policies and it can also be added as a rider. For the purposes of the accidental death policy, the time frame used to determine whether or not the death was related to a specific accident is measured from the time of the accident, and that window of time is codified in the policy.

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