NU launches whole of life offering to combat IHT

Norwich Union has launched a guaranteed whole of life product designed for inheritance tax planning and family and business protection. The cover offers three payments options: a single payment, annual or monthly payments - for customers on a budget wishing to leave a set amount to their dependants - or "limited premiums". Louise Colley, head of protection at Norwich Union, said: "The flexible payment options allow this product to be tailored to the needs of customers and the guaranteed lump-sum payout will give advisers and clients a new level of confidence in planning for the future."