When approaching later life, as term assurance comes to an end, clients do not want to be concerned with either increasing mortgage terms or reevaluating wills in order to avoid inheritance tax issues. By taking out whole of life cover instead, Simon O'Connor says they will avoid paying out unnecessary costs.
The credit crunch has been going on for a long time now, and there is still apparently some way to go before we come out the other side. And no-one really knows what the other side might look like when we get there. It is often said that in times like these, one of the first things that people remove from their family budgets is life cover. The reason being ‘Why pay for something that may happen at some point in the future when I can’t make ends meet now?’ The counter argument is that whatever need a client has for protection has not gone away because of the tough economic climate. In...
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