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Protecting your family’s wealth
Here’s everything you need to know about our CanProtect Whole of Life Plan – key features, how it works, helpful links, guides and brochures.
Our life assured policies are designed for high-net-worth and ultra-high-net-worth inidividuals looking for a sum assured of £1 million or greater. For single life policies, we’ll make a one-off payment when you die. But if you have a joint life policy, we’ll pay out on the first or second death depending on the cover you select.
You can use this Plan to cover an inheritance tax liability, business protection or to help provide financial security for your lover ones. Also, by placing our Plan in a suitable trust you can make sure that the one-off payment goes to the intended beneficiaries.
This plan could be right for you if:
Our plan is designed to cover a UK inheritance tax liability. However you can also use it for business and family protection.
This plan isn’t right for you if:
We have the following plan options for you to choose from. You can set up a policy for:
We’ll set the premium for your chosen level of cover for the first ten years. After that, we’ll review it every five years until the final review date. Just so you’re aware, your premium payments may increase with each review.
Your final review will be after your 84th bithrday and we’ll fix the premiums for the remainder of the plan.
For joint life first death policies, our final review will be on the review date after the 84th birthday of the oldest life assured.
For joint life last death policies, our final review will be on the review date after the 84th birthday of the youngest life assured.
We’ll fix the premiums for the remainder of the plan after the final review.
Please note, you won’t need to send us any additional medical evidence once we’ve issued your plan.
We’ll allow you to increase the amount of cover if your prospective inheritance tax liability increases because of legislative changes to the inheritance tax rate or threshold. For both options, the maximum is £250,000 (minus any previous increases under this option).
Our life insurance policies can be written under a discretionary or bare gift trust.
If your policy is held in trust, any payment we make can go directly to your beneficiaries rather than to your estate. This means they won’t need to pay inheritance tax on it.
We recommend you speak to a professional adviser before placing your policy into a trust.
All the documents you need in one place. From forms and client guides to product brochures and key features documents.
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