Hi everyone, we have Charlotte Rogers joining us in our latest episode to talk about the value of Trusts. Charlotte has an incredibly moving story to share about how her life was turned upside down by a life insurance policy that wasn’t written into Trust.

A Trust is designed to get the insurance payout to intended beneficiary of the policy. A key question for any adviser who doesn’t put a life insurance policy into Trust is, if you don’t know the beneficiary then is there any need for life insurance?

The key takeaways:

• Only 20% of life insurance policies are written into Trust in the UK
• Trusts aren’t just for people that are single or co-habiting, married people can need them too.
• The ability to write life insurance into Trust easily differs significantly between insurers

Next time we will have an episode focused upon value added benefits and how important and life changing these can be. These are non-contractual extras that UK insurers offer to their protection insurance customers and it can range from mental health support, to GP appointments right through to second medical opinions from experts in your condition.

Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.

If you want to know more about how to arrange protection insurance, take a look at my 13 hour CPD Protection Insurance in Practice course here and 1 hour CPD Protection Competency Exam here.