Life Insurance General FAQs
Life Insurance General FAQs
Can I put a life insurance policy in trust?
Yes, a trust is a simple legal arrangement that allows you (the settlor) to gift your life insurance policy to someone else (the beneficiary). Setting up a trust means that you as the settlor appoint additional trustees (as the settlor you are automatically a trustee). The trustees become the legal owners of the policy and look after it for the benefit of your beneficiaries. If you are in need of assistance in setting up a trust, please contact your financial or legal adviser.
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