When your client’s family suffers a loss, the last thing they need are delays in the payment of proceeds from your client’s life insurance policy. What’s left behind can be a lifeline for loved ones. That’s why it’s important to ensure that when policies are being put into trust, it’s done correctly for your clients.
So to help you we’ve created this handy checklist. Follow these simple steps and you can avoid any unnecessary delays when a claim is made and to make it as easy as possible at that difficult time.
Trust tips
- Ensure trustees’ names are spelt correctly – if it’s wrong, trustees will need to provide ID documents as proof to make any post completion changes
- Check addresses are right and completed in full – otherwise important documentation can’t be sent and trustees will find it more difficult to authorise claims
- Pick the right people – choose someone that the client trusts to deliver their wishes and will be there to manage it correctly
- Complete trusts applications online – it’s quicker and easier, there’s no need to wait, and you don’t have to send any paper copies. Just make sure to ticking the adviser declaration before completion.
Need some more guidance?
If you still have any questions about trusts, please visit our website. You’ll find everything you need to make sure the whole process runs smoothly.
