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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
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Life Policies: joint life and joint name policies: introduction

It is quite common to encounter a life policy which has been issued to more than one policyholder. Usually the joint policyholders are a married couple or civil partners (IHTM11032) but, provided there is sufficient insurable interest (IHTM20085) it is possible for people who are neither married to, nor in a civil partnership with, each other to take out joint policies. Partners and co-directors of limited companies often do so, for example.

There are procedural instructions at IHTM20023.