Inheritance Tax Cover pays out a lump sum on death to pay the tax liability in the event of inheritance. The sum assured is based on the client’s expected value of assets which will be passed via inheritance, with considerations made for current exemption levels and allowances. Any lump sum paid out from a life policy normally becomes part of the deceased’s estate, however, Inheritance Tax Cover is specifically designated through Revenue so as not to further increase the value of the estate and in turn not increase the tax liability.
I would like to commend David Kinsella from Kinsella Financial for the outstanding customer service that my associate received from him in purchasing a house.
on Behalf of Mortgage Client - May 2019
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