Who can receive my life insurance payout?
You have the option to choose beneficiaries when you get a life insurance policy through us.
When you set up a policy, you have the option to place your policy into Trust, for free.
This process is a way to assign your life insurance payout to a chosen person or persons.
A Trust is a way to make the payout process more streamlined and also helps to navigate around Inheritance Tax, as the payout does not become part of your estate.
Trust planning is not regulated by the Financial Conduct Authority. Inheritance tax planning is not regulated by the Financial Conduct Authority.