What type of assurance might Ellie consider taking out after giving her brother corporate bonds and her daughter a share portfolio?

The choice of gift inter vivos term assurance would be particularly relevant for Ellie in the context of transferring wealth to her brother and daughter through corporate bonds and a share portfolio. This type of insurance is specifically designed for scenarios where an individual intends to make a significant financial gift during their lifetime while ensuring that the potential inheritance can be covered in the event of their untimely death.

By opting for this assurance, Ellie can cover the value of the gifts she has made, ensuring that her estate remains intact and protected should anything happen to her. This can provide peace of mind that the financial contributions she has made to her brother and daughter are secured.

Whole of life insurance generally serves a different purpose, as it provides coverage for the policyholder's entire life with a payout upon death, which doesn't specifically relate to the aspect of gifting assets. Critical illness policies focus on providing financial support in the event of a serious health condition, while income protection plans are designed to replace lost income due to inability to work. None of these alternatives directly address the aspect of securing gifts made during Ellie’s lifetime like the gift inter vivos term assurance does.