The FCA do not regulate inheritance tax planning.
There are many reasons why a whole of life protection policy will meet your needs.
These may include:
• A provision is required for a child or relative that will remain dependent after the client’s death.
• Inheritance tax planning to pay any taxes on death.
• Funeral Expenses.
• Protecting a legacy.
• The client will need critical illness protection throughout the whole of their life.
In all cases Intrinsic would expect there to be a clear need established in the fact find and affordability to be evidenced and reasons why a whole of life solution has been recommended in the suitability letter or demands and needs.
Any recommendation that involve policies with an investment value or are for inheritance tax purposes can only be made by Financial Planners and through a full financial planning sales process.
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