Are we talking enough about protection and succession planning?

Why are more IHT liabilities for gifts not being protected?

clock • 4 min read

Naomi Greatorex, managing director, Heath Protection Solutions, explains the role of protection as part of succession planning with COVER's sister title, Professional Adviser.

As I have been growing my professional network and attending more industry events, I have been talking more about the role of protection as part of succession planning. Protection can often be overlooked as part of this plan. However, a life assurance policy written into trust is often a simple and effective piece of planning here, giving the individual and the family peace of mind. I recently spoke with a group of investment managers about protecting a gift with a reducing life plan (gift inter vivos). This was something they weren't currently considering, as they only advised on inv...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

Falls at home represent most common type of accident

Falls at home represent most common type of accident

National Friendly research

Jaskeet Briah
clock 21 January 2025 • 2 min read
Risk of rejection causing one in 10 adults to stop protection applications

Risk of rejection causing one in 10 adults to stop protection applications

LifeSearch research found

Jaskeet Briah
clock 20 January 2025 • 2 min read
Mortality hits record low in 2024: CMI

Mortality hits record low in 2024: CMI

Death rates down in all age categories

Jaskeet Briah
clock 16 January 2025 • 2 min read