Investment Bond & Life Assurance – hbinfo

Investment Bond & Life Assurance

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April 24, 2006 at 9:28 am #22149

Anonymous
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Hi

I have got a claimant with a substantial Investment Bond – The problem is that there is a Life Assurance element with respect to Death Benefit i.e. a guaranteed amount can be paid on one of the parties passing away.

Although one of the parties HAS died, the bond is still in place.

Is this to be disregarded?

Also, does anyone have a copy of the relevant comm decisions?

CIS/733/1995 OR R(IS)7/98?

Thanks!!

April 27, 2006 at 12:27 pm #6843

Anonymous
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here is a link to the commisioners decision, to which you refer…

[url]http://www.osscsc.gov.uk/aspx/view.aspx?id=765[/url]

Regards
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