CanProtect Whole of Life Plan

The CanProtect Whole of Life Plan can be tailored to your specific needs. You can choose:

• cover for one person (single life) or two people (joint life), for example, for you and your spouse, partner or registered civil partner.
• a level of cover to meet your inheritance tax liability. The minimum level of cover is £1 million. The maximum level of cover will depend on a number of factors such as age and country of residence.
• to place your policy within one of our free trusts, which will allow you to choose who will receive the cash sum payment on your death.
• The CanProtect Whole of Life Plan is available to individuals who are:
  • resident and domiciled in the UK, Channel Islands or the Isle of Man.
  • resident but not domiciled in the UK, Channel Islands or the Isle of Man.
  • domiciled but not resident in the UK, Channel Islands or the Isle of Man.
  • non-resident and non-domiciled individuals who have a UK tax liability to cover.

If you are unsure about whether you are resident or domiciled in the UK, Channel Islands or the Isle of Man then please speak to a professional adviser.

You can increase the level of cover on the plan if:

• Your estate increases in value, causing your inheritance tax liability to increase.
• The UK Government changes the inheritance tax rates or bands and this means your prospective inheritance tax liability increases.

A professional adviser can help you to calculate your prospective inheritance tax liability.

If you stop paying the premiums on your policy then the life cover will end 28 days after the last premium was paid and the policy will lapse without any value. If the cover is still required then you will need to take-out a new policy. We will contact you if you miss a payment. The policy is a reviewable plan and as such the premiums will increase in the future.

The CanProtect Whole of Life Plan is designed to pay a cash sum if you or another named individual dies during the life of the policy. The CanProtect Whole of Life Plan can provide cover for many circumstances including inheritance tax planning, business protection, family protection or key person cover (on an individual, trust or corporate basis).

This plan will appeal to people who are looking for high quality service which is backed a service charter. Our service charter includes a monetary payment in the unlikely event we fail to deliver on our stated turnaround times.