Back to basics: life insurance key part of financial planning
By Kirsten Hastings, 1 Sep 17
IHT planning, nil rate bands and replacing pension scheme death benefits are some of the reasons life insurance needs to remain a core part of financial planning, according to Chris Lean, a chartered financial planner with Aisa International. Click through the slides below to see six key reasons advisers need to speak to clients about ensuring they are protected.
Banks and building societies used to insist on borrowers taking out life insurance to cover loans, but this is not always a condition of the loan.
As a result, it can be overlooked or ignored.
The fallout, however, could mean that not only are the surviving member sof the family lumbered with debts at a particularly stressful time, but they may also lose the family home.
Tags: Aisa Group | IHT | Nil Rate Band | Pension
