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Life Assurance & Critical Illness

The death of a parent can have devastating effects on a family. As well as the shock and grief involved, the financial burden can be a huge worry if no protection was put in place.  Whether the deceased was the main breadwinner or the main carer of the children, the cost of replacing their income or care can be met from life assurance quite cost effectively and the benefit to the family is invaluable. 

Life assurance plans can also be used to cover:

  • Mortgage liabilities.
  • Inheritance tax on specific gifts which are classed as Potentially Exempt Transfers.
  • Inheritance tax liabilities where an estate exceeds the nil rate band and you are concerned not to leave your beneficiaries with a large tax bill after death.

For advice on Life Assurance and Critical Illness please contact a member of our Financial Planning team.


 

 

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Furley Page Solicitors in Kent, London, Canterbury, Chatham & Whitstable
Get in touch on 0845 603 10 57