COPILOT Mocks

Top-slicing relief may help reduce tax liability arising on the surrender of a

life assurance investment bond

The full weekly rate of the new State Pension for 2025/2026 is

£230.25

A preferred underwriting decision is given to applicants who

present a better‑than‑average risk.

Under the Consumer Insurance (Disclosure and Representations) Act 2012, innocent misrepresentation will result in

the claim being paid in full

Terminal illness benefit usually does NOT apply

in the last 18 months of the policy

A qualifying policy may lose its status if

 it is surrendered within ten years

One key advantage of writing a life policy in trust is that

proceeds can be paid without requiring probate