LIFE ASSURANCE

Life Assurances pay out a lump sum or regular income payable in the event of death within a specified term. Benefits are normally tax free and may be used for: life_assurance_1.jpeg

  • Family Protection to maintain the family's standard of living and aspirations
  • Mortgage Protection to clear or reduce outstanding mortgage debt 
  • Inheritance Tax Planning to provide funds via a trust to help mitigate inheritance tax liability upon death

 

Life assurance policies tend to fall into two categories: 

  • Protection Policies designed to provide tax free cash in the event of death only  
  • Investment Policies to provide cash in the future not just in the event of death, but as a result of a structured savings plan

 

In recent years there have been significant reductions in the cost of such cover making it important that  you review your existing cover regularly.

 

 


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