Insurance Premiums

It's simple, always have your Life Insurance policy "Written in Trust". This may sound technical but it is easy to understand and it's so easy to organise.
"Written in Trust" ensures that in the event of a claim, the policy will pay directly to the beneficiaries you name on the policy when you first take it out. If you do not do this, the policy will payout to your legal estate and this inevitably means that the money stays in your solicitor's hands for some time.
Yes, that implies legal delays and, of course, your solicitor takes a small cut!
Then, if the value of your taxable estate exceeds £275,000, and remember your home can easily account for the lion's share of the £275,000 limit without much difficulty, your estate will have to pay Inheritance Tax. This represents 40% of the estate's taxable value in excess of £275,000. So, if your estate has to pay Inheritance Tax and the proceeds of your life policy go to your estate, the taxman gets his hands on 40% of your life policy!
But it's so easy to avoid all these problems.
Simply get your policy "Written in Trust". Then the life insurance company pays out immediately, directly, and totally tax-free, to the persons you have named on your policy. All you have to do is tell the online brokerage organising your policy that you want your policy "Written in Trust" and they will automatically sort it out for you.
This advice remains sound even if the policy is designed to pay off your mortgage. Rather than your estate using the insurance payout to pay off your mortgage, the policy can be written in trust and paid to your partner and then he or she can use that money to pay of the mortgage. The benefit? Well if your taxable estate exceeds the IHT threshold the mortgage is effectively paid off tax-free.
The extra good news is that all the brokers we've met will arrange for your policy to be "Written in Trust" as a free of charge service. So it's a win win situation and there aren't many of those around these days !

Term Life Insurance Policy Michael Challiner has 15 years experience in financial services marketing at senior level, the last 5 of which specialised in online marketing. Prior to that he spent 15 years in advertising with two of the world's top advertising agencies, J Walter Thompson and Saatchi & Saatchi.

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Life Insurance Michael now works as the editor of Scrouge Life Insurance on behalf of Andromeda Webs Ltd

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If you’re buying a home, chances are someone will suggest you buy life insurance—usually mortgage life insurance or term life insurance. Doesn’t really matter which, because life insurance is life insurance, right No way. Since you buy mortgage life insurance directly from your mortgage lender, it's convenient, but you’re certainly paying a premium for that convenience.

Health Insurance Policy

Stopping smoking should be a priority for all those people who are still addicted. Even if you are not convinced by the risk to health, and the cost of all those packs, an added incentive to quit should come from the life insurance sector. Quitting fags could cut down your life insurance premium, saving you money on premiums. smoking Day scheduled for the 14th March, and the initialisation of a nationwide smoking ban in enclosed public spaces throughout the UK for this July, quitting now and saving money on your life insurance could only be a good idea.

Health Insurance Michael Challiner has 15 years experience in financial services marketing at senior level, the last 5 of which specialised in online marketing. Prior to that he spent 15 years in advertising with two of the world's top advertising agencies, J Walter Thompson and Saatchi & Saatchi.

> News Better lifestyle means cheaper life insurance Fri, 12 Jan 2007 Life insurance news this week concerns the influence of lifestyle on your life insurance premium . Yesterday, the effect of weight on life insurance was highlighted, but to really make a difference to your life insurance premium, you should consider every aspect of your lifestyle, including exercise . The changing face of life insurance will involve insurance companies taking more and more interest into their policyholder’s health .

Insurance Life Premium Return Michael is currently the editor of Express Life Insurance and Andromeda Webs Ltd

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