IHTM20024 - Life Policies: investigating form IHT410: if the answer to Question 4 is Yes
In this instance the deceased will benefit from the policy when another person dies. In many cases the policy will have been bought ‘second hand�.
Details of the deceased’s interest in the policy, as provided by the insurance company, should be given and a copy of the insurance policy provided. Once these are available, refer the matter to the Actuarial Team. »Ê¹ÚÌåÓýappy will advise you what should be accepted or what queries should be raised (IHTM20231).