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.
In February of this year I engaged the services of David from Kinsella Financial regarding obtaining a mortgage. I genuinely cannot thank David enough for all he has done, he understood right from the start how important purchasing my first home was
Gary Martin, OCM Security & Electrical Services, Tullamore.
Contact Kinsella Financial