Three quarters of single life term policies not written in trust: Swiss Re

According to new report

Jaskeet Briah
clock • 4 min read

New research has found that a minimum of 78.9% of single life term policies were not written in trust last year.

According to a report by Swiss Re in conjunction with Insuring Change, Life claims: a beneficial direction, 17% of all new term policies were written in trust in 2022, which the reinsurer said implies a maximum of 21% of single own life policies were placed in trust in the same period, which is up from 16%. While Swiss Re detailed that a few of the trust cases will be for joint policies to deal with the possibility of both policyholders dying within a short time of each other, the reinsurer said it assumes that this will be roughly offset by other means of securing ownership by writing p...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

The COVER Review: Protection sales, fit notes and long-term care

The COVER Review: Protection sales, fit notes and long-term care

Week commencing 18 May 2026

COVER
clock 22 May 2026 • 1 min read
Decline in new sales for most protection lines: Swiss Re Term & Health Watch

Decline in new sales for most protection lines: Swiss Re Term & Health Watch

L&G overtakes Aviva in term assurance sales

Jaskeet Briah
clock 21 May 2026 • 3 min read
Mental Health Awareness Week is not just for clients

Mental Health Awareness Week is not just for clients

Mental health resources and opinion

Cameron Roberts
clock 15 May 2026 • 4 min read