Life insurance, also known as life assurance, is a policy where a specified sum is payable upon the death of the insured. Other forms of life insurance include death in service benefits, registered group life policies and excepted group life policies.
For information on life insurance, including whether it may constitute a pension scheme, see Practice Note: Death in service benefits.
For further information on life insurance in the context of trusts and estate planning, see Practice Notes: Creation of trusts—life insurance trusts and
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