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Sheila
Tarr
Independent
Financial Services |
Protection: Life & Health | |
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Life Assurance is a term that is frequently documented in the vast means of media. It is an extremely important aspect to continually review to ensure you or your family are not left in a vulnerable position should the worst happen.
With statistics revealing less than optimistic news (see below), it is worth asking yourself the question, will my partner or family be able to cope should I fall critically or terminally ill or pass away?
It is however worth considering that any proceeds from a life assurance will be added to the deceased's estate. If this takes the overall estate above the nil band threshold for inheritance tax, this tax would be payable for any amounts in excess of the threshold. This can be avoided by placing the Life Assurance in Trust and therefore separating out these proceeds from the 'estate' and keeping them tax free. If your situation (or these statistics) highlights the need for you to review your life cover, please contact Sheila Tarr I.F.S. |
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Your home may be repossessed if you do not keep up repayments on your mortgage. Your investment may go down as well as up, you may not get back the full amount invested. Past performance is not a guide to future performance
Sheila Tarr Ltd is Authorised and Regulated by the Financial Services Authority |
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