Why would I want to put my life insurance cover into trust?

If your life insurance policy is in a Trust, any life cover payout should go to the people you choose, and they’ll be paid quicker than if your policy wasn’t in a trust. It could also help protect the payout from Inheritance Tax.

If you’re considering a trust, talk to a financial adviser. Bear in mind that tax rules may change in the future. You can find an advisor at unbiased.co.uk.