Do I pay Executor’s fees on MyLegacy Cover™?


No. Because MyLegacy Cover™ is an extender benefit of the Legacy Protection Plan™, all your executor fees are indemnified regardless of who the nominated beneficiary is.
If your life cover from another provider pays to an individual, it wouldn’t attract executor’s fees. However, life cover from other providers that pays to your estate or a trust will attract executor’s fees which can be charged at 3.5% plus VAT.