To put your policy into a trust you need to choose a trustee, that’s a loved one or family member, that will manage your trust until the time comes for it to be paid to your beneficiaries. Usually this is when you pass away or on a specific date, like a birthday. It’s a straight-forward way to ensure you leave your assets to your chosen beneficiaries. It could also help you to avoid your payout being subject to inheritance tax.
One of our friendly team can help you put your FRANKLi Life Insurance policy into a trust today, find out how and get more information here. Before putting your policy into a trust, please speak with a financial advisor or solicitor who can give you additional information and guidance.