Life Policies: investigating form IHT410: if the answer to Question 3 is Yes
In this instance the deceased and another person will have a joint life policy (IHTM20301) which will become payable on some event occurring after the deceased’s death (usually when the last joint policyholder dies). The details of the policy should be given on form IHT404.
Details of the deceased’s interest in the policy, as provided by the insurance company, and who paid the policy premiums should be given and a copy of the insurance policy provided. Once you have these you should refer the matter to Technical. They will advise you, in line with IHTM20302, what should be accepted or what queries should be raised.
See IHTM20301 for further information.