Who we pay out the lump sum to when you die depends on how you set up your Life Insurance policy. If you're the policy owner and also the person insured, the money will go to your estate so it will pay out to your legal beneficiary. You might choose to place your policy under a trust, which will allow you to name the people who you'd like to receive the money in the event of a claim. With a trust, your Life Insurance may not be counted as part of your estate and may not therefore be liable for Inheritance Tax.
When the time comes to make a claim, we’re here to make it as simple and hassle-free as possible. Your loved ones can give us a call or fill in our online form and our experienced team will guide them through the process with sensitivity and care.