After taking out Over 50s Fixed Life Insurance you may want to place it in trust to help make sure the right people receive the benefit of your plan quickly, without the need for lengthy legal processes.
What is a Trust?
A trust is a way of giving away something of value (in this case the life insurance plan) for the benefit of others (the beneficiaries), but without giving them full access to and control over the plan.
Setting up a trust means that you (the settlor) give your policy to the trustees who then legally own your policy and look after it for the benefit of your beneficiaries.
We offer different types of trusts to suit different needs. Our Online Trust Hub has all the information you need when placing your plan in Trust, in three easy sections: Inform, Select and Complete.