Writing a life insurance policy in trust
We all like to feel that we’re doing all we can to protect our family and to provide for their future, and that includes taking out life insurance policies that will help to cope financially when we’re gone. If you’ve worked hard all your life, you’ll want to know that your efforts won’t have gone to waste.
Given the fact that you can choose from various types of life insurance that are available these days, how can you know that you’re choosing the right ones? This is where help from the Insured Right team can be crucial; we know the market, we know the products and we know the plus and minus points of each of them.
One of the more intriguing options is to put a life insurance policy in trust. This is a scenario that will be perfect for some and not particularly suitable for others, so as always it makes sense to seek helpful, reliable guidance. If you would like to find out more, call our specialists and we’ll be only too happy to answer your questions.
There are advantages to life insurance policies which are written in trust. One of the most impressive is that in some cases it can help to sidestep inheritance tax. This is particularly relevant if you have a large estate, which of course would be included in the inheritance tax calculations. A policy in trust would simply pay out to the beneficiaries via your appointed trustee.