Policies in Trust

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What is a Trust?

Placing your Life Insurance policy into a Trust could aid a future claim, and is usually available free of charge via your chosen Insurer.

A Trust is a legal document that helps to keep money from a policy claim separate from your estate. Unlike a Will, it can help you to mitigate inheritance tax and could also speed up a claim. A Trust allows you - and whoever you choose - more control over what happens to your money after your death.

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Key benefits

With a Trust you can have more control of what happens to your potential payout and decide who the money goes to:

  • The money can go more directly to the people you choose, and could bypass a will or inheritance tax
  • Your 'beneficiaries' can be paid faster - Life Insurance could pay out in a week, rather than months without a Trust
  • Trusts are usually quite straightforward to arrange through your chosen insurer, for free

Get to know more about Trusts

We've picked 3 key guides to help you know Trusts a little better, but you can visit Advice & Guides for more

Life insurance trusts - they make sense

We think trusts are pretty cool! Find out our top three reasons why in this guide.
Read more

Understanding inheritance tax and life insurance

Want to know how you can reduce your tax bill? Get the details in this short guide.

Read more

Making a life insurance claim: What happens?

Check out this guide for if you ever need to make a protection insurance claim.

Read more

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