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You asked: Would my life insurance policy be affected by Inheritance Tax?

A lump sump payment could be subject to Inheritance Tax, dependent upon who it is paid to.

Though if a payment is made to a spouse or civil partner, it would not be subject to Inheritance Tax.

If your life insurance policy is placed under trust, not only can you nominate who receives the payment, you could also help to protect it from Inheritance Tax, under current tax rules. Please bear in mind tax rules may change in the future.

Find out more about Aviva Trusts.

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