Trust information.
After taking out a Over 50s Life Insurance Plan you may want to place it in trust to ensure the people you want receive the benefit of your plan.
What is a Trust?
A trust is a way of giving away something of value for the benefits of others, but without giving them full access to and control over the policy.
When placing the asset in trust you specify who you want to be a beneficiary and who you want to look after or control the trust asset (the trustees).
Learn more
On the right hand menu you will find the Guide to Trust PDF and the Trust Form PDF.
The guide to trusts helps explain:
- How to set up a trust
- Why you should set up a trust
- What is a trustee
- What is a beneficiary
- Tax implications
You will also find an example of a completed trust form within the guide, this will help you complete the trust, which will give you guidance when completing the forms should you decide to place your life insurance policy in trust.
We also offer a flexible trust and a discretionary trust which are available by contacting us on the number below.
Next steps
If you have read all of the information and wish to place your policy in trust please print the necessary trust forms once you have applied for a plan, complete them and send back to:
Legal & General
Trust Team
Pod 26
City Park
The Droveway
Hove
BN3 7PY
If you have any questions about our guide to trusts or the trust forms please call our Trust team on:
0845 073 0777
8:30am to 5:00pm
Monday to Friday
We may record and monitor calls. Call charges will vary.
Please note, the trust team will not be able to provide any financial or legal advice.
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