In this instance the deceased and another person will have a
joint life policy (
IHTM20301) which will become payable on
some event occurring after the deceased’s death (usually when
the last joint policyholder dies). The details of the policy should
be given on form IHT404.
Details of the deceased’s interest in the policy, as
provided by the insurance company, and who paid the policy premiums
should be given and a copy of the insurance policy provided. Once
these are available, refer the matter to Technical Group. They will
advise you what should be accepted or what queries should be
raised.
See
IHTM20301 for further information.
