life assurance and inheritance tax!!

sam1970

I never bothered applying for a life insurance policy before until i had my first son who is 10 months old now. Im 35 years old, non smoker and I would like to have life assurance and critical illness policy and i have 2 questions:
1- I understand that i need to write the life policy in a trust to avoid tax inheritance but if the same policy covers critical illness will the money be locked in the trust in case i get a critical illness??

2- which are the best companies which have comprehensive critical illness cover?

3- considering my age and the fact that im non smoker what should i expect to pay for a policy worth £200000 over 20 years?

any advice will be much appreciated.

savvy

Bumping up in hope of an answer

savvy

dunstonh

I answered this but it seems the message didnt apply.

1 - yes but you can get trusts which apply only to the life cover and not the CI.
2 - Skandia is probably the most comprehensive of all the life companies. However, they all have variations so it is worth investigating.