Life insurance not considered important estate planning tool

The insurance provider said this evidence suggested a lack of understanding on how life insurance can be a successful estate planning tool, and felt that a greater education is needed from advisers. The research was carried out in September 2016 and surveyed 1,001 UK consumers aged 45 or over with total assets exceeding the individual inheritance tax threshold of £325,000. Evidence showed many wealthy Brits were ignoring wealth planning tools altogether. Over a quarter (27%) of those surveyed did not have a will. Just a fifth of respondents had gifted money to relatives, however mo...