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Level and Decreasing Life Insurance for Mortgage and Family Protection

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Critical Illness Cover will pay out upon diagnosis of a critical illness

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  • Free Will worth £150 with every policy*
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Whole of life policies cover funeral arrangements, inheritance and tax bills

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  • Free Will worth £150 with every policy*
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Over 50's plans are suitable for people with pre-existing medical conditions

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  • Free Will worth £150 with every policy*
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£100bn could be lost to lack of trusts

5th March, 2018

£100bn could be lost to lack of trusts

A lack of awareness on the benefits of writing a life policy into trust could cost UK customers up to £100bn in inheritance tax bills. Research by Legal and General found that as many as 40% of life insurance customers had not even heard of writing a life insurance policy into trust.

This is an even more surprising statistic considering that 80% of those asked admitted to having assets they would want to pass on to loved ones. 43% of those surveyed did not even have a will in place at all. Putting a life insurance policy into trust can deliver even more peace of mind, knowing your loved ones won’t have the unnecessary financial burden of inheritance tax.

Putting a life insurance policy into trust allows the customer to gift the policy to a named beneficiary. But a lack of knowledge on the importance of taking this step has been calculated at £99.98bn worth of risk for life insurance customers.

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