After taking out the Over 50s Fixed Life Insurance Plan 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.
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.
The Inform section has all the information you need to know about Trusts - what they are, how they work and how they could benefit you.
The Select selection will help you decide which type of Trust may be right for you, by asking some simple questions about you and your needs.
In the Complete section you can complete your details online so the trust deed is ready to be printed, signed and sent back to us.
If you’d prefer to have a deed sent in the post you can contact us on 0370 163 0657*; or email us at firstname.lastname@example.org
*Lines are open 8:30am to 6pm Monday to Friday and 9am to 1pm on Saturday. We may record and monitor calls and call charges will vary.