Whole of Life

If it’s not appropriate for you to give money away to your children, to a trust or to charity, you may want to consider a Whole of Life policy. Provided the premiums are maintained, this policy will pay the sum assured straight to executors when you die, and will be free of inheritance tax.
The money can then be used immediately to pay an inheritance tax bill, or it can increase the overall inheritance. 

Plan for your future