Joint Life Second Death Insurance
Whole of Life Insurance that pays out when the 2nd person dies
Joint Life Insurance is usually set up so that it pays out when the first person dies during the life of the policy. A Joint LIfe Second Death Whole of Life Plan is set up so that it pays out on the second death - and being a whole of life plan, it pays out whenever they die as long as the premiums have been paid.
This type of policy is often used to pay for potential Inheritance Tax liabilities.
We would always recommend that this type of Whole of Life policy be placed in trust so that it doesn't form part of your estate and can be paid to the relevant beneficiaries promptly. We can offer all the necessary advice to facilitate this.
Phone us on 0800 458 3525 or Request a Call Back for further information and advice
Get an ONLINE quote now >