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If you died with Life Insurance in place, normally the money would form part of your estate. This can become a problem if the total of your estate is higher than the current threshold for Inheritance Tax because anything over will be charged at 40%. Keeping the money out of your estate can become a large saving.

Putting a life insurance policy into trust is a way of moving the proceeds of the policy out of your estate, while making sure that the money is provided to the right people quickly.

More information on trusts

Back to questions on Life Insurance cover options

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An insurance provider you can trust established in 1843.

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