Whole of Life Insurance.

A whole of life policy is another policy to consider which lasts a lifetime.

This kind of plan will cover you for when the inevitable happens and as long as the policy is still active, your loved ones will receive a payout.

If all medical disclosures have been made and the policy is still active, there will be a guaranteed lump sum pay out on death.

Due to this reason a Whole of Life Policy can be more expensive than some other policies.

Whole of Life policies require professional advice as they are not a one shoe fits all solution.

Please contact CFM Financial Planning and we will be happy to discuss your personal situation and options.

CFM Financial Planning can explain the benefits of placing policies into trust.

There are several benefits to trusts that will assist your family at this traumatic time.

The main benefits are as follows:

• The lump sum will not form part of your estate for inheritance tax purposes on death.
• Avoids the probate process and ensures a speedy payment to your beneficiaries, the people who need it most.
• Allows you to nominate the beneficiaries.

Trusts are flexible and you always remain in control.