Life Policies: policy on the deceased’s life not connected with any other transaction (except a trust): policy unconnected with a gift or trust: possible discount
Exceptionally, some policies provide that the claim value (IHTM20084) will not be payable until
- a certain period has passed since the death, or
- certain formalities other than those referred to at IHTM20211 have been complied with.
Any claim for a discount in these circumstances should be referred to the Actuarial Team.