1
Q
health cash plan
A
- small lump sum for hospital stay
2
Q
pmi
A
- provide cover for private hospital treatment
3
Q
ASU
A
lump sum or sickness benefit is the insured suffers an accident or unable to work because of sickness redundancy or an accident
4
Q
PMi
A
lump sum or sickness benefit is the insured suffers an accident or unable to work because of sickness redundancy or an accident
5
Q
PAS
A
- lump sum for sickness or illness
6
Q
PPI
A
Payment protection insurance provides protection to cover credit card
7
Q
MPI
A
provides amount for mortgage
8
Q
LCTI
A
- privies cover for long term care
9
Q
CIC
A
lump sum diagnosis
10
Q
IP
A
- regular payment due to accident or sickness
11
Q
life assurance
A
lump sum on death
12
Q
allowance
A
£325000
13
Q
PET
A
exempt transfer
14
Q
what happens when divorce
A
- can split using existing start - this helps if their health is worse
15
Q
explain group ones tax position
A
- the employer paid premiums are taxed as benefits in kind
R05
flashcards
Decks in class (11)
# Cards
