| Whole of Life Protection Plan |
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What is it?As the name implies, this type of life assurance pays out when you die, whenever that may be. Who is it for?This type of plan can be used for simple family financial protection. It can also be used as part of Inheritance Tax planning by providing funds to meet IHT bills, or for business protection purposes in the event of a partner, director or key employee dying. Plans can be written on joint lives, first or second death, written in trust to be assigned to a third party. |