Gift Inter Vivos Insurance

This type of policy is designed to provide cover against inheritance tax if an individual makes a potentially exempt transfer (a gift) of assets out of their estate.

If such a gift is made, then you have to survive for seven years for it to be outside of the estate for inheritance tax purposes. If you should die in the meantime then there is a tax to pay over the period according to the percentage level dictated by legislation, which is on a decreasing basis between the date of death and the seventh year.

Other features:

• It is a fixed term seven-year period.
• The sum assured under the policy reduces in line with the reduction in inheritance tax liability.
• The sum assured is only payable upon death during the term.

No surrender value is associated with the policy.

To find out how we can help contact either:

• Your nearest T.H. March office
• Steven Clemence on 01822 855555
• Click the call back button