Zurich Adaptable Life Plan commences

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Zurich Adaptable Life Plan commences

Zurich has launched a planning solution for inheritance tax (IHT) following recent research that shows the average house price in London now exceeds the IHT threshold.

The average house price is £286,369 in the capital, compared with an IHT minimum threshold of £285,000. With the issue affecting an increasing number of people, Zurich IHT planning solutions aims to address this.

By introducing Zurich Adaptable Life Plan, the bank is providing customers with the means necessary to pay IHT bills in the future in the form of life cover that can be written in trust.

Zurich's protection management director Peter Hamilton explained: "The addition of the guaranteed plan alongside our existing reviewable plan will provide customers with greater choice based on their individual needs."

Mr Hamilton added: "Inheritance tax is now higher in the public consciousness than ever before." He urged people to get in touch with an advisor to discuss their situation and the options available to them.

The guaranteed version of the Zurich Adaptable Life Plan aims to offer customers increased flexibility when choosing their premiums and is tailored towards people who are wanting regular fixed premiums.

Earlier this month, Zurich launched the Sterling Discretionary Discounted Gift Trust which is an IHT planning solutions for intermediaries and their customers.

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