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Should your policy be written “in Trust”?
We believe that all Life policies should be written “in trust”.
Hot Topics
- Where can I find help?
- To help you find your question, we have organised our FAQ’s into relevant groups. Answers to all sorts of more general questions are found in the General Questions section.
- What is Life Insurance?
- Life Insurance is also known as Term Insurance.
- Does Life Insurance have to be associated with a mortgage?
- No it does not. Many policies are used to provide additional financial security for the family.
- Should you consider Critical Illness cover instead?
- If you have no dependants or already have Life Insurance, you should consider Critical Illness Insurance instead of Life Insurance.
- Should you include Critical Illness cover on your Life Insurance policy?
- You should certainly consider taking out Critical illness cover whether you combine it into your Life Insurance policy (which is by far the cheapest way to buy both insurances) or you take out separate policies (which gives you far more protection – see below).
This makes certain that the money from the policy avoids inheritance tax. This could mean a tax saving of 40%. (Incidentally, inheritance tax is not an issue on estates passing between spouses as these are automatically exempt of inheritance tax.)
Frequently Asked Questions related to the above topic.
Click below if you wish to read them: -
- How long should you insure for?
- What do you need to know about life insurance
- What is the difference between life insurance and life assurance ?
- Life Insurance - why do you need it?
- Is there any investment value in your policy?
- How quickly will your application be processed?
- Go to menu of Frequently asked Questions about Mortgage Life Insurance
- Go to menu of Frequently asked Questions about Life Insurance
- Go to menu of Frequently asked Questions about Critical Illness Insurance
- Go to menu of Frequently asked General Questions