It's life Jim, but not as we know it

Most of those involved in the whole of life market will be aware that the sector is split into two main factions; an underwritten product that tends to be used for inheritance tax (IHT) planning purposes, and the frequently seen-on-daytime-TV over-50s style plans, typically used for covering funeral costs. With the inheritance tax threshold nil rate maximum currently set at £325,000 many clients may be thinking ‘I’m not a very wealthy person, all I’ve got is my house,’ but that can be enough to push them very close to the threshold. And in certain parts of the country it can take them ri...