Gift Inter Vivos:


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 over the 7 year term starts to reduce after year 3, in line with current inheritance tax legislation.
  • 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.
  • There is no cash value at any time.

  • Clients can only take a policy on a single life basis – either on their own life, or the life of another. 
  • If your client stops paying their premiums, their cover may end.
  • Your client can’t change the plan once it’s been issued.

  • 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
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 your clients when they need us most. Your clients and their spouse/partner* have access to 6 expert medical advice services – all accessible in a handy app or by phone, wherever they are:

  • Remote GP 24/7. Unlimited consultations with a UK doctor available by phone or video.
  • Prescription services. Get a private prescription without the need for your client to visit their local GP.
  • Second opinion. Check a diagnosis and get advice on treatment options with a UK medical specialist by video or face to face consultation.
  • Remote physiotherapy. Up to five free sessions** with a trained UK physiotherapist and receive a bespoke treatment plan through video consultations.
  • Remote psychological support. Up to five free sessions** of mental health support including counselling and Cognitive Behavioural Therapy from a network of highly trained therapists. 
  • Discounted health MOTs. Benefit from 25% off health MOTs - a service that provides an assessment of overall health, identifying any risk and areas of improvement.

*Spouse, civil partner or person with whom the policyholder lives with as a partner and at the same address.

**The five sessions limit is split between the policyholder/life assured and partner/spouse.

Learn more about LV= Doctor Services

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Benefits, exclusively for members

Your clients get more with our Gift Inter Vivos plan. They can get access to exclusive member benefits and additional support services.

More on member benefits and support services

We paid 94%* of all protection claims

We offer a clear and fair approach to paying claims.

We’re proud to have paid 97%** of Life Protection claims in 2023. A successful claim is as important to your client as it is to you - your clients get vital financial help when they need it most and you feel confident in the provider you recommended.

* Includes claims already in payment in 2023 for Income Protection and Personal Sick Pay.

**Our life insurance figures include claims paid for Life Insurance, Terminal Illness, and Whole of life products (including some non-underwritten guaranteed whole of life products). Our whole of life policies are no longer available.

View our full 2023 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

9am - 5pm Mon-Fri

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