Life insurance serves your family by helping with the financial burden that can accompany the loss of a loved one. For that reason, it is important to seek independent advice, and put a little planning into setting up your life policy. Here are the key aspects to consider – the ‘do’s’ and ‘don’ts’ of buying life insurance.
With an increasing volume of information and advice from HMRC now being offered not face to face, but by telephone, the onus is on the caller to record in writing the tax advice they are given, if they wish to depend on that advice at a later date.
In such situations, problems arise when a taxpayer acts (or refrains from acting) based on undocumented telephone advice, or on their recollection of what HMRC said, according to the Low Incomes Tax Reform Group (LITRG).
As the Christmas season of ‘joy and peace’ approaches, our thoughts may also turn to the ‘peace of mind’ we gain from ensuring that our family is provided for, if we have the correct life insurance cover in place.
When shopping around for life cover, it’s best to ‘start at the end’. While it is never a pleasant task to contemplate our own demise, we must at some stage sit down, take a deep breath, and plan our financial provision for our family when we go. With so many life cover products on the market, tailored to a wide range [...]
