A term, term assurance or temporary policy is one in which
benefits are payable on the death of the life assured (
IHTM20081) if it occurs before a
specified date or event. If the specified date or event occurs
first, no benefits are payable under the policy.
Term Assurance policies can be linked with pure endowment
policies (
IHTM20103) for the purposes of avoiding
Capital Transfer Tax/Inheritance Tax. For further information see
IHTM20401.
