AIG Life adapts term assurance for IHT planning

Adam Saville
clock • 1 min read

Joint life second death (JLSD) option added to relieve tax burden on couples gifting assets

AIG Life has enhanced term assurance to help policyholders cover inheritance tax (IHT) liabilities. The addition of a new joint life second death (JLSD) option provides an alternative to whole of life insurance for couples who want to gift assets and erode their IHT liability by a certain age. A ‘gift inter vivos' plan to cover reducing IHT liability on any gifts made over the term of the insurance can also be taken from the existing sum assured by policyholders, without the need for further underwriting. "Using life cover for inheritance tax planning is not always as simple as tak...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

COVER Protection and Health Summit 2025 launched

COVER Protection and Health Summit 2025 launched

Taking place on 11 November

COVER
clock 07 July 2025 • 1 min read
BIBA names chair for advisory board

BIBA names chair for advisory board

Alistair Fraser becomes LBAB chair

Jaskeet Briah
clock 07 July 2025 • 2 min read
Stonebridge appoints national compliance manager

Stonebridge appoints national compliance manager

Joanna Purdy takes the role

Jaskeet Briah
clock 04 July 2025 • 1 min read