Category: Life Insurance

How and Why to Place Life Insurance in a Trust If you own an individually purchased life insurance policy, you may be wondering if it makes sense to place the policy into a trust. Putting life insurance in trust can provide valuable benefits relating to control of the proceeds and inheritance tax planning. This guide…

Life insurance is more than just a financial safety net; it’s an investment in the well-being of those you cherish. With a myriad of options available, it’s crucial to understand how life insurance works, the types of policies, and the key aspects of coverage to make an informed decision. This comprehensive guide will navigate the…

Are you struggling to decide between level term and decreasing term life insurance? It’s important to understand the differences before making a choice. In this article, we’ll break down the distinctions and help you determine which option is best for you. Why would someone opt for decreasing term life insurance? And why would someone choose…

Are you wondering if life insurance is taxable in the UK? Look no further! In this article, we will delve into the tax implications of life insurance in the UK and help you understand the tax treatment surrounding it. We will also discuss key considerations regarding taxation on life insurance and explore the tax rules…

5 Benefits Of Life Insurance Life insurance is an important financial tool that can provide a range of benefits to individuals and their families. This article outlines five key advantages of life insurance that anyone should consider when evaluating their financial situation. The following paragraphs will discuss how life insurance can help build wealth, protect…

Inheritance tax is a type of taxation imposed on assets that are transferred from one generation to the next. It is usually levied when an individual dies and the property or assets are passed on to another person, such as a spouse, child or other family member. Inheritance tax can be complex and difficult to…

When it comes to planning for your family’s future, one of the biggest questions for life insurance is “how much life insurance do I need? Knowing how much can be a difficult question to answer. Fortunately, there are some steps you can take to help determine the right amount of coverage for you and your…

Probate is a complex legal process that can be confusing to navigate without the help of an experienced professional. A good example of this is the case of the deceased Mrs Smith, who passed away in 2019 with a sizeable estate. Her family was unaware of the specific steps they needed to take in order…

Life insurance can be an uncomfortable topic for many people. But it’s important to put a policy in place to make sure your family are taken care of financially in the event of your death. There are a lot of different life insurance policies out there, making it difficult to choose the most appropriate one…

The Ultimate Guide to Life Insurance The topic of life insurance can be somewhat confusing and downright scary to think about. There comes a point in everyone’s life when we have to remember that we aren’t going to be around forever. We’re hoping someone will discover the fountain of youth in the next few years,…