(i) Short-term assurancesU.K.
10U.K.M1 A policy which secures a capital sum payable only on death or payable either on death or on earlier disability shall not be a qualifying policy if the capital sum is payable only if the event in question happens before the expiry of a specified term ending less than one year after the making of the insurance.
Marginal Citations
M1Source—1976 Sch.4 2, 2A; 1978 Sch.3 4; 1982 s.35(1)