Life Assurance

Nicholls Stevens can advise on your need for life asurance

Who needs it?

  • Any one with a mortgage or loan which needs to be paid back on death
  • Anyone with a young family or dependants

Points to watch out for:

  • You usually only need the cheap type of term assurance which just covers you for the time when your family is most vulnerable
  • You normally do not need the more expensive Whole of Life policy
  • You could consider a conversion option, which means that if you unfortunately become ill you can take out further life assurance regardless of your state of health
  • You need to make the policy the subject of a trust so that when you die the benefits do not form part of your estate and will then potentially be subject to IHT