Frequently Asked Questions
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You asked: Why would I want to put my life cover into trust, what does that mean?
Putting your life cover under trust gives you the opportunity to decide who should receive the pay-out when a successful claim is made.
If you are the sole policyholder, when you die we will need to determine who the money should be paid to and this can be time consuming. But if you place your policy under a suitable trust and appoint a beneficiary, we can often make a payment faster. And, under current tax rules, having your policy set up in trust could help protect the pay-out from Inheritance Tax. If you think your family could benefit from placing your policy under trust, find out more about Aviva Trusts.
You can also talk to an adviser about which trust is the most suitable for you.
Please bear in mind tax rules may change in the future.
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