5 MARCH 1994, Page 26

Life after Lloyd's

INTIMATIONS OF mortality at Lloyd's of London are best treated, says my man in Lime Street, with an estate protection plan and excess coverage. Brokers Holman Wade can arrange both of these. Members can then make for the terminal exit, know- ing that the policies will cover claims made on their estate after their death. Without these precautions (as I was saying last week) they may leave behind them a liabili- ty for unfinished business on an 'open year'. The liability must be settled before the estate can be distributed, and it represents what is known to financiers as a Kathleen Mavourneen, because it may be for years and it may be for ever. Tradable membership, of course, would be better still for those who live to see it.