Legal & General has launched a business protection trusts hub to help advisers set up their business clients' protection policy in trust.
The hub consists of three different sections, providing advisers with end-to-end support with the process of selecting and setting up trusts for their clients.
The first section provides advisers with information on trusts, demonstrating why they are important and when they should be used.
The second section offers a ‘business tree' which can be used to help select the right trust for each particular client, based on the insurance policy being written and the type of business the trust is being set up for.
The third section can then be used to complete the application online, which can then be printed, signed, and sent to the insurer.
Richard Kateley, head of specialist protection at Legal & General, said:"This is a really exciting development and one which I hope will make the whole process of putting policies in trust that much easier for both advisers and their clients.
"The majority of business protection and relevant life policies are required to be put in a trust for them to do what they are designed to do."
"This new hub highlights the importance of trusts and is designed to make the process of choosing and completing the forms easier. It also aims to reduce the amount of errors and missing information, making the process more streamlined for advisers and their clients."
