Joint life policies and trusts - would you, could you, should you?

'Right money, right hands, right time!'

clock • 7 min read

Royal London’s Vincent O’Connor weighs up the pros and cons of writing joint life policies into trust

Should you ever consider writing a joint life policy into trust? Is it even possible and if so, what are the benefits? To start with; we need to appreciate the benefits that writing a life assurance policy into trust brings along with the outcomes the client wishes to achieve. Typically, when we talk about the benefits of using trusts with protection policies, we're referring to three things: Right money, right hands, right time! So what does ‘right money' mean? Life policies written into trust won't be subject to any possible inheritance tax (IHT) that might be charged on the esta...

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: NHS waiting list, provider news and AI

The COVER Review: NHS waiting list, provider news and AI

Week commencing 9 February 2025

COVER
clock 13 February 2026 • 1 min read
Quilter Foundation pledges £3m for UK financial education

Quilter Foundation pledges £3m for UK financial education

Structured lessons and volunteer training

Jaskeet Briah
clock 13 February 2026 • 2 min read
NHS waiting list drops to 7.29m

NHS waiting list drops to 7.29m

Average wait time increased to 13.4 weeks

Jaskeet Briah
clock 12 February 2026 • 2 min read