INHERITANCE TAX
TO PROTECT ESTATES
Life insurance can protect Inheritance Tax liabilities on an estate. Policies can be set up to pay out a guaranteed lump sum on death (or second death) within a specified term or, for whole of life policies, whenever death (or second death) occurs.
Based on the current Inheritance Tax rate of 40%, £1,000,000 of cover will protect estates with a net value of £2,500,000, ignoring any reliefs or allowances.
GUARANTEED ANNUAL PREMIUMS PER
£1M OF COVER
SINGLE LIFE
JOINT LIFE SECOND DEATH
TO PROTECT GIFTS
Life insurance can protect Inheritance Tax liabilities on gifts (Potentially Exempt Transfers). Policies can be set up to pay out a guaranteed lump sum on death if the person making the gift dies within seven years of the gift being made. The cover amount under such policies will be set up to reduce in line with taper relief.
Based on the current Inheritance Tax rate of 40%, £1,000,000 of cover will protect gifts of £2,500,000, ignoring any reliefs or allowances.
GUARANTEED ANNUAL PREMIUMS PER £1M OF COVER
SINGLE LIFE
Allpremiumsquotedinthisdocumentare correctas of15May2025andare indicativeonly. Premiumsassume thatlivesassuredare UKresidentandacceptedon standardnon-smoker underwritingterms.
Premiumsfornon-UKresidentlivesassuredcanvarybasedonmultiplefactors.Assuch,itisalways besttoapproachusdirectlytoobtainindicativepremiumsforsuchscenarios.
Thepoliciesquotedcan becancelledatanytime.Thepoliciesquoteddonotofferasurrendervalue.
