HMRC internal manual

Inheritance Tax Manual

IHTM20101 - Life Policies: types of policy: whole life policy

A whole life policy is one in which benefits under the policy are paid out on the death of the life assured (IHTM20081) at any time. If the deceased is also the policyholder, this information should be given on page 1 of form IHT410 (IHTM20022).