THE GOODWILL MODEL

How is the 10% funDed?

Our advisers simply donate a portion of their remuneration to fund the extra cover issued in year one and indeed every other year that the policy is renewed.

can I change the charity, club, hospital or school if i wish to?

You can change your selection in some cases, depending on how the policy is structured.

Can I select more than one charity, club, hospital or school?

No, however the choice of charity, club, hospital or school is completely up to you.

Can the extra 10% of cover be left to my beneficiaries?

No, because this extra cover is donated by Goodwill and is earmarked for your choice of charity, club, hospital or school.

will the payment affect my estate?

The funds for the charity, club, hospital or school do not come out of your estate but via the insurance cover for the proportion donated by Goodwill Life Insurance and our advisers.

Are my premiums tax deductible?

Personal life insurance premiums are not tax deductible nor are the lump sum proceeds subject to tax at time of claim.