Life cover trap at the checkouts!

Don't be lured into buying "cheap" life cover at the supermarket checkout, or cheap could turn out to be very expensive if your estate ends up paying 40% tax on the proceeds, because it should have been written in trust, but wasn't!

You should always seek advice from an independent adviser, who can not only advise you on the right policy with the right amount of cover, but can also source the right premium from the whole market place and then place it in trust, if appropriate. This is something a supermarket, who is just pushing a policy from one company, can never do. Also, if they get it wrong you will have no comback, as you will have bought the policy without advice, which could prove a very expensive mistake indeed! 

To read the recent article in Money Mail, please click on the link below.

Life cover trap at the checkouts!.pdf