Life Insurance

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casiquebrado

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Post by casiquebrado » Tue Jun 10, 2008 7:23 am
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Morning all. I'm just looking for some advice.
I have a life insurance policy which was set up some months before my IVA proposal.
Although I want to repay as much of my debt as I can , I still want to ensure that my wife and daughter are solvent should I die.
Is there a (legal) way of assigning the policy in order that it falls outside of my estate ?
I've not been on for a while, but just want to say well done to all who have benn accepted for an IVA , and good luck to those who have one in the pipeline.[:)]
Casi
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MelanieGiles

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Post by MelanieGiles » Tue Jun 10, 2008 7:55 am
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You will need to check this out with your insurance company, but it is usual to have named beneficiaries on a life insurance policy so the amendment should be fairly simple to effect.
Regards, Melanie Giles, Insolvency Practitioner
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casiquebrado

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Post by casiquebrado » Tue Jun 10, 2008 8:56 am
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Thanks Melanie , I trust you feel refreshed from your break ?
Casi
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MelanieGiles

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Post by MelanieGiles » Tue Jun 10, 2008 9:04 am
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Very much so thank you - although having had a day back in my office it feels as if I have never been away!!
Regards, Melanie Giles, Insolvency Practitioner
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