UK life customers at risk of £100bn loss due to trust omissions

The significant lack of awareness surrounding the legal arrangement of writing a life insurance policy into a trust, which allows a person to gift their policy to beneficiaries when they die, has been totalled up as £99.98bn* worth of risk for UK customers. According to Legal & General, 40% are unaware of the process, while 82% have policies they would like to pass on and 43% do not have a will in place. "It's certainly tempting to avoid thinking about the future, but it's essential to remember our responsibility to our loved ones," said Craig Brown, director, Legal & General Intermed...