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What is Level Term Assurance?
The Financial Conduct Authority does not regulate taxation and trust advice.
If you die the life assurance payment will form part of your estate, which increases the value of your estate. If the policy is written in trust, the proceeds goes direct to your dependents, avoiding inheritance tax. This is relatively easy to do as most insurance policies include the option (and papers) for writing in trust directly, at no extra charge.
These types of plan will have no cash in value at any time, and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
Article expiry: 05 Apr 2018
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