
A Qualifying policy is a policy which pays out its proceeds free from personal taxation. In order to qualify it needs to adhere to the following Qualifying rules.
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The proceeds from a life assurance policy to an individual are free of tax provided the policy is... <a target=_blank href='http://www.finance-glossary.com/terms/qualifying-policy.htm?id=1202&ginPtrCode=00000&PopupMode=false' title='Read full definition of qualifying policy'>more</a>
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