I overheard my owner exclaiming, ‘I have repeatedly told my clients that one of the well-trodden paths to ease the stress of one’s family having to find the money to pay Inheritance Tax is to have a life assurance policy in place.’
She continued, ‘It pays out on the death of the family member to named beneficiaries, usually family members or the executor of the estate.’
She had just spotted an article in the Saturday Financial Times, titled ‘Life insurance sales surge in wake of Reeves’ inheritance tax shake-up’. Hopefully, she said, some clients have read this excellent report and will be motivated to revisit the topic at their next review meeting.