• a mortgage protection policy, i.e. to any policy of life insurance having as its sole object the provision, on an individual’s death or disability, of a sum substantially the same as any amount then outstanding under a mortgage of his residence or business premises, where the principal is repayable by regular instalments (ITTOIA 2005, s. 478);
• any policy of insurance which constitutes a registered pension scheme or is issued or held in connection with such a scheme (ITTOIA 2005, s. 479);
• certain group life policies for the payment of benefits on the death of more than one individual (see below); or
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