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Fastyam
Member Since: Sep 14th 2021
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Fastyam
Premier Plates UK
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Sep 14th 2021

My late father had a Life Insurance Policy and for the level of contributions he made across the term of the policy it was a positive outcome with the returns being well in excess of the payments with the impact of inflation taken into account. However, there are many that do not benefit in the same way as they often fail to keep up payments and the policy fails to pay out at the time of death. In the UK the proceeds are part of the inheritance tax allowance and should the proceeds of the life insurance take the estate over the tax threshold then tax is payable.

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Should Life Insurance Be Part of an Estate Plan?

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