With whole of life cover, if you die, this policy will provide a lump sum payment to your family. Therefore, this plan will suit people who wish to have cover for the rest of their life, and not just a specified term. It can be used as a tax efficient way to cover any inheritance tax your family may be liable for if you die.
- Create a living Will
- Make sure your Will is up to date covering all your requirements
- Cash flow in your Estate to look after your dependants on your death
- Life cover to pay any tax liability on death.