Buying Life Insurance? One tip to save you
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