The partners or directors will invariably be of different ages and so the costs of the term policies will vary. To ensure the arrangement is ′commercial′ and remains IHT effective the premiums should be equalised. The following calculator can help you equalise your premiums making sure no one pays or benefits more than they should.

It is important that the sums assured reflect the true value of the company or partnership. Guidelines are available via the PER cover or NAV cover calculators but an independent valuation from an accountant would be recommended.