Insurance Trust

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Life Insurance Trust Advice

As there are lots of variations for Life Insurance, it can benefit you to have professional advice specific to your personal circumstances, allowing you to make an informed decision. Our advisers are ready to assist you with some no obligation advice

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Life Insurance Trust - is an arrangement which allows designated trustees to administer the payout from a life insurance policy in the event of the death of the life assured. The process of a trust is that in the event of the death of the grantee (policyholder), the life insurance trust is passed to the trustees, the policy then pays out to the trust and then finally the money is distributed accordingly by the trustees.

The three main advantages of writing a life insurance policy in trust are to:

  1. Avoid estate taxes such as inheritance tax.
  2. Nominate multiple beneficiaries.
  3. Avoid time and costs associated with probate.
Probably the most useful reason for writing life insurance into trust is to avoid IHT (Inheritance Tax).

There are different types of trust available that have different uses dependant upon your requirements for example split, flexible, stakeholder and absolute.

Various circumstance and/or need makes this type of cover a good choice, but the information on this website does not substitute the advice that you would gain from speaking to an adviser. Call 0191 2633 786 for a relaxed, no obligation, free consultation of your options.

Call 0191 2633 786 for a relaxed,
no obligation, no pressure,
consultation or quote

*Please note: Trust advice is not regulated by the Financial Services Authority