Role of life insurance trusts under scrutiny over pay out risk

The Life Cover Payouts - under the microscope report, published in conjunction with Insuring Change, reviewed trends in life cover policy ownership in the context of the incoming Consumer Duty. One of the report's key findings is that due to a convergence of factors, including delays to probate, a rise in non-advised sales, and increasing numbers of unmarried cohabitees, a greater number of potential claimants whose life policies are not written in trust are at risk of delays or not being able to access death benefits. The report stated that there were more than one million new cases ...