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.
David at Kinsella Financial has been a great help to me at a time in my life when I am trying to get my business off the ground. I have every confidence in him that he will find the right products to suit both me personally and my business.
Gary Cobbe - Irish Polymer Extrusions Ltd, Mountmellick, Co Laois.
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