Gift Inter Vivos:

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Protecting your client’s beneficiaries

If your client gifts assets to loved ones (who aren’t their spouse), there’s a risk they’d leave a large tax bill if they passed away. To make it worse, tax will be collected from the people who received the gift, rather than from the estate. This can be difficult to pay - especially if the gift is something tangible, like a home.

Our Gift Inter Vivos plan offers a lump sum paid on death. It’s aimed at your clients who have gifted assets to someone and want to cover any inheritance tax liability. It should only be used where the value of the gift exceeds the current nil rate band, or where the client has made gifts in the previous 7 years that have already exceeded the nil rate band.

Our cover offers many features, including:

  • Premiums start from just £7 a month (or £84 a year).
  • The amount of cover reduces each year over the 7 year term.
  • Guaranteed premiums – your client’s premiums are fixed and won’t change.
  • Flexible payment options means your client can choose to pay their premiums monthly, quarterly, annually or as a single one-off payment.

Product profile

With a cash lump-sum that covers any inheritance tax liability, your clients can rest assured their gifted asset won’t have tax implications for their beneficiary.

Learn more about eligibility, target market, risks and limits in our Gift Inter Vivos product profile: 

Important information

Help your client gift assets in confidence, covering the potential tax implications. Here are some important things you should know about our Gift Inter Vivos plan:
  • We won’t pay a claim if your client dies as a result of intentionally taking their own life in the first 12 months of the policy.
  • If your client stops paying their premiums, their cover may end.
  • There is no cash value at any time.

  • Your client can’t change the plan once it’s been issued.

  • Clients can only take a policy on a single life basis – either on their own life, or the life of another. 
  • To apply, your client must be living permanently in the UK, and aged between 17 and 79.

How decreasing pay-out works

The sum we pay out on death reduces over the term of the plan, in-line with inheritance tax liability. Here’s how it works:
Years after plan start dateAmount of cover paid
0-3100%
3-480%
4-560%
5-640%
6-720%
7+0%
Quote form money

Quote and apply

For a Gift Inter Vivos quote, call us on 0800 6781 890 – we’re available to take your calls Monday to Friday, 9am to 5:30pm. Alternatively, you can:
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LV= Doctor Services

We’re here for more than a strong product offering. Your clients have free access to 6 expert medical advice services – all accessible by app or phone:

  • Remote GP 24/7. Your clients can speak to a UK doctor about any health or medical concerns by video or phone consultation.
  • Prescription services. Your clients can get a private prescription without the need to visit their local GP.
  • Second opinion. If your client wants to check a diagnosis and get advice on treatment options, they can benefit from video or face to face consultation.
  • Remote physiotherapy. Your clients get free sessions with a trained UK physiotherapist and receive a bespoke treatment plan through video consultations.
  • Remote psychological support. Your clients can access to free sessions of mental health support including counselling and Cognitive Behavioural Therapy from a network of highly trained therapists. 
  • Discounted health MOTs. Your clients can benefit from 25% off health MOTs - providing an assessment of overall health, identifying any risk and areas of improvement.

Learn more about LV= Doctor Services

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Member benefits

Your clients get more with our Gift Inter Vivos plan. They’re entitled to exclusive benefits and support as a member:

  • Member Care Line. With health, counselling and legal advice when your client needs peace of mind, the Care Line offers all this for free.
  • Generous discounts. Your client will be entitled to discounts on LV= general insurance products provided by LV= General Insurance Group, a subsidiary company of Allianz Holdings plc.
  • Member Support Fund. If your client falls on hard times they can request financial assistance. 
  • Members right to vote. Your client will be invited to attend our AGM – so they can have a say in our annual general meetings.

Learn more about the benefits available to members.

We paid 94% of all protection claims

We offer a clear and fair approach to paying claims.

We’re proud to have paid 94% of new protection claims in 2019. A successful claim is as important to your client as it is to you – so your clients get vital financial help when they need it most and you feel confident in the provider you recommended.

View our full claims performance.

Dedicated support for you

Our expert service saves you time and makes applications hassle-free. 
Our dedicated team are on hand to help. We have flexible medical examination arrangements and have no standard exclusions on our Gift Inter Vivos plans – making it easier for you and your clients.

Learn more about our underwriting.

Contact Phone

Let's talk

0800 678 1890

9:00am - 5:00pm Mon-Fri TextDirect: first dial 18001.

TextDirect: first dial 18001. We will record or monitor calls for training and audit purposes.