Recomend And Justify Cover To Cover IHT On 2nd Death Flashcards
1
Q
Whole of life
A
Covers iht when death occurs
2
Q
Joint life 2nd death
A
IHT liability only arises on second death
3
Q
In trust to beneficiaries of will
A
Speedy payment, sum assured outside estate for IHT
4
Q
Sum assured £178k
A
Equal to IHT liability, ensures kids get full estate
5
Q
Indexation
A
Inflation protected
6
Q
WOP
A
Ensures premiums paid in event of long term illness or disability
7
Q
Guaranteed premiums
A
Ensures the cost of the plan
