Whole of Life Protection Plan - Information

A simple guaranteed solution.

In uncertain times, it’s reassuring to know that there are solutions to your clients’ financial planning needs that offer some degree of certainty. Our guaranteed premiums are fixed throughout the lifetime of the policy, so no matter what happens in your clients’ personal circumstances, the premium will not change.

Whether your clients’ are planning to safeguard their family’s livelihood, pass on wealth to their loved ones or even protect a business interest, we have a simple effective solution that can help.

The Whole of Life Protection Plan can be used for:

• Inheritance Tax Planning – providing a sum of money to help pay a potential IHT liability. This could ensure your client’s Wealth is passed to their beneficiaries as they would wish.
• Family Protection – ensuring your client’s dependants are provided for in the event of death. The plan can provide a lump sum to help pay off any outstanding debts or provide a continuing income.
• Business protection – protecting a business against financial loss following the death of a key person or business owner.

Main features:

• Guaranteed Premium – Providing certainty and added peace of mind
• The plan should be written under Trust to ensure the benefits go the intended beneficiaries and to safeguard against Inheritance Tax
• Can be written as Single Life, Joint Life First Death or Joint Life Second Death
• The plan has no surrender value and no cash in value
• Accidental Death Benefit
• Guaranteed Insurability Option

Additional cost option:

• Indexation – helping the benefits keep pace with inflation
• Waiver of Premium option

For details of the benefits and exclusions please see the Whole of Life Protection Plan technical guide or the Whole of Life Protection Plan key features document. Both items are available on request or can be downloaded from the technical documents page.

As the number one protection provider in the UK*, Legal & General makes Inheritance Tax Planning, Family and Business Protection simple for you and your client.