Don't forget the trust element

Writing insurance in trust may be one of the most valuable pieces of advice an IFA can give to a client. At what is usually an emotionally fraught period, the security that comes from having placed the policy in trust can help provide some protection from potential financial hardships. A trust is an arrangement that allows people to choose who will receive the benefit of certain assets, known as the trust property, without giving them immediate control over them. The creator of the trust is the settlor. The people named in the trust who are to manage and deal with it are the trustees, ...