We believe that all life policies should be written “in
trust”.
If you have your policy written “in trust” it
means if you were to die, the proceeds would be paid directly
to the person you intended and not comprise part of your taxable estate.
This ensures that the money from the policy avoids inheritance
tax calculations, which could mean a tax saving of 40%. It also means
that the insurance money is received by the person you intended without
any delay.
It is quite straightforward to arrange to have a policy
written in Trust. Brokers Online will do this for you free of charge.
Phone their Help Desk on 01625 416 280 for further details.