A pure endowment policy is one in which benefits are payable on
a specified date if the life assured (
IHTM20081) is still alive at that time.
If the person whose life is assured died before that date, no
benefits are payable under the policy.
Pure endowment policies can be linked with term assurance
policies (
IHTM20102) for the purposes of avoiding
Capital Transfer Tax/Inheritance Tax. For further information see
IHTM20401.
