Buying Life Insurance? One Tip To Save You Thousands!
It's simple, always have your Life Insurance policy "Written in
Trust". This may sound technical but it is easy to understand
and it's so easy to organise.
"Written in Trust" ensures that in the event of a claim, the
policy will pay directly to the beneficiaries you name on the
policy when you first take it out. If you do not do this, the
policy will payout to your legal estate and this inevitably
means that the money stays in your solicitor's hands for some
time.
Yes, that implies legal delays and, of course, your solicitor
takes a small cut!
Then, if the value of your taxable estate exceeds