What is Section 72 Life Insurance Policy?

This type of policy is used to pay inheritance tax liabilities on death.

Usually, these plans are set up by parents to ensure a lump is paid to cover any inheritance tax liability their children may incur on the transfer of the parent’s estate to the children.

Read more:

1. 1. Why Choose a Section 72 Life Insurance Policy?
2. 2. What is a Pension Term Assurance Plan?
3. 3. I Quit Smoking. Will this have any Impact on the Cost of Life Insurance for me?