Inheritance tax (IHT) can gut your life insurance - 40% over £325,000 HMRC, 2023. In 2020, £146 billion paid out Statista, 2024, but HMRC nabbed chunks without trusts. Spirit Cover fixes that - every policy’s trust-placed, free - keeping your £152,000 average cover Forbes Advisor UK, 2024 whole, plus perks like GP 24/7.
IHT Basics
Estate over £325,000 (£500,000 to spouse)? 40% tax. £300,000 policy, £400,000 estate - £75,000 taxable, £30,000 lost. £4.64 billion paid out in 2023 ABI, 2023, but tax bites hard.
Spirit’s Hack
Trusts keep payouts out of your estate - no IHT. £300,000 stays £300,000. Plus:
- Benefits: Second Medical Opinion, Physio Support - same £38/month.
- Free Setup: No cost, all gain.
Why It’s Big
UK estates paid £5.4 billion IHT in 2022 HMRC, 2023. Spirit stops the bleed.
Save Your Legacy
Want it all for them? Tell us about you, and your Spirit advisor will lock it in - trust-secured, benefit-packed. It’s your gift, untaxed.