Failed Potentially Exempt Transfer (PET) - Quoting for Gift Inter Vivos

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Overview

A Gift Inter Vivos plan allows your clients to protect their beneficiaries from any potential inheritance tax (IHT) liability for gifted assets, by providing cover for the potential tax should your client pass away within 7 years of the date the gift was made.

Following Aegon's recent decision to withdraw from the personal protection market there is now only one insurer who offers a single Gift Inter Vivos solution. However it is possible to obtain the equivalent cover through the whole of market by using the multi benefit function.

The Multi-Benefit function will allow you to select five term assurance policies, to cover each percentage of inheritance tax payable.

The quote results are summarised into a package containing the quote for the lowest premium for each policy.  

Once you have selected your chosen solution you will then be able to use the apply button which will direct you straight to the insurer to complete your application.

See it in action

Let us show you how with a simple scenario in just 5 minutes.

Speakers

• Phil Day - Business Development Manager

Find out more

Want to know how The Exchange makes finding and applying for the right products easy, helping you find the right solutions for your client's.

• Talk to your Iress account manager or contact sourcing@iress.com to find out more
• Give us a call on 03450 530 490
• Attend one of our regular free training sessions (Select a date and book online) 
• Download our Fact sheet

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