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Advisor
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4. Insurance Trust
Our Insurance Trust is ideal for you when you want a structured solution to distribute the insurance proceeds for your minor child for their education and medical needs, or to your aged old parents for their maintenance and medical needs, or even for your own benefit in case of incapacity or critical illness. In addition, you can opt to use part of the proceeds to pay your debts and provide instructions on the investments of the insurance proceeds
Benefits of Insurance Trust
Funds distributed according to your wishes
You can ensure that your named beneficiaries receive payouts for specific purposes such as education fees, and even opt for staggered rather than lump sum release of funds to your beneficiaries.
Protected with quick disbursements
When your policies are under Insurance Trust, they do not form part of your estate. Therefore your beneficiaries will have quick access to payouts as there is no need to wait for a Grant of Probate or Letters of Administration.
No stress for your beneficiaries
As your Trustee, we will carry out the steps necessary to deal with the insurance company so your beneficiaries do not have to handle the hassles of claims.
Avoid the legal limitations of insurance nomination
By setting up an Insurance Trust, you can name any person or organisation as your beneficiary as you are not subject to the conditions of insurance nomination laws.
Can change anytime
At any point during your lifetime, you can change the instructions in your Trust, to reflect your latest intentions.