The plan that helps you protect your family financially with life insurance cover that lasts for the rest of your life. Your family receives a guaranteed cash sum whenever you die if your premiums are maintained. With a range of options from review-able premiums and guaranteed premiums to guaranteed acceptance and others where medical evidence is required the need for advice is essential ,especially in the aspect of Inheritance tax planning.
Whole of life assurance can be used to help provide your family with the money to pay an inheritance tax liability. In addition, you have the option to put your plan in trust, which removes it from the rest of your estate to avoid increasing your potential inheritance tax bill.
This information is based on our understanding of current tax laws. Please remember that tax rules may change in the future.