Life Insurance. Special Urgent Alert
Gordon Brown's latest budget has changed the tax rules on life
- Life Insurance. Why There's No Need to be a Desperate Housewife
- This article highlights some of the mistakes people make when buying life insurance and draws to your attention the attraction of family income benefit insurance, a form of life insurance to provide income for families.
- Buying Life Insurance? One tip to save you thousands!
- Life companies keep their initial quoted prices low by being choosey on who they accept on standard terms. Having made a formal application, two thirds of applicants will face a loaded premium. This article explains why and what the shopper can do about it choose an online broker!
- Tips for Choosing a Life Insurance Company
- This article argues that you need to consider the merits of the life insurance company providing the policy, as well as the policy itself.
- Critical illness Insurance. Insurers under fire
- Critical Illness insurers are receiving some bad press. This article looks the reasons and comments.
- Critical Illness Insurance The non-disclosure problem
- Critical Illness insurance has been getting a bad press. This article explains the reasons and the truth behind the situation.
- Insurance. Duplicated insurance wastes money.
- You'd be surprised how many of us inadvertently duplicate insurance cover - and it's a total waste of money. This article explains.
The new rules introduced at the recent budget mean that even if your policy is written in trust and there is a claim on your policy, { loans } your estate will have to pay a tax charge of up to 6% on the value of the payout that comes above the IHT threshold of £285,00. This new rule applies from 5 th April 2006.
Whilst this new tax is not to be welcomed, the new tax is only 6% which is still better than the 40% your estate would have to pay if your life insurance policy had { remortgages } not been written in trust. So, we believe that it is still worthwhile writing your life insurance policy in trust.
Having said that, there is { medical insurance } now a danger that the tax charge of up to 6% could mean that there is insufficient IHT free cash generated by your policy to achieve your financial objective. If this is the case, don't take any action just yet.
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