My parents are in their mid seventies and have a fair few assets/cash.
They are considering a section 72 policy to cover 250000 euro of inheritance tax liabilities.
The premium they have been quoted is such that one of them would need to live to be over 104 before the insurance company will have recouped their money.
I am sceptical that there is not a catch somewhere. While they are in good health it is unlikely they will live another thirty years.
Am I missing something?
Does anyone have experience or knowledge of these policies?
Thanks
They are considering a section 72 policy to cover 250000 euro of inheritance tax liabilities.
The premium they have been quoted is such that one of them would need to live to be over 104 before the insurance company will have recouped their money.
I am sceptical that there is not a catch somewhere. While they are in good health it is unlikely they will live another thirty years.
Am I missing something?
Does anyone have experience or knowledge of these policies?
Thanks