TechTalk: Executive Pension Term

In today's TechTalk we look at Executive Pension Term Insurance.

Executive Pension Term Insurance is arranged under a one-member occupational pension scheme and is available to employees whose employers wish to put such an arrangement in place. The policy is held under irrevocable trust by way of the Letter of Exchange with the Trustee being the policy owner who takes out the policy on the life of the member and is responsible for arranging for payments to the relevant beneficiaries in the event of that members death.

Click here to find out more. We cover everything you need to know, including:

• Eligibility

• Tax relief on premiums

• Maximum lump sums on death and

• Potential tax for the estate.

• Zurich Life’s Protection Continuation Option