Money Advice Service
Is the beneficiary always the legal spouse?
No. Contrary to popular opinion, it is not always the spouse who is the beneficiary. It is up to the person to choose, who he names as beneficiary. It can be any member of the family as long as insurable interest is established. If in case, the children are named beneficiaries and are still not in legal ages, a guardian will be named to assume control of the money for them.
Jay Cover - independent Advice
To provide you with appropriate advice, the adviser will require as much information about your circumstances, needs and aspirations as you can give. A form requesting information on personal financial details is included on the individual IFA sites. It can either be completed online and sent by E-mail direct to the adviser of your choice, or be printed, completed and sent by post.
Have you subscribed for this years ISA yet? Check out our huge discounts...
Powered by BlastCasta