The Importance of Having Life Insurance in Trust

You ought to make sure that any life insurance policy you've got is always held in trust, even if it's a joint life plan. You can have absolute trusts where the money goes and discretionary trusts are usually more flexible. All you need to do really generally is contact your existing provider and they should have a trust form or the outline of a trust form on their website. One thing that you could do to simplify your insurance is to talk to LifeSearch and ask them about sort of menu cover. They're one policy but might have a life insurance element, a critical illness element and an income protection all in one place with tons of flexibility to increase or decrease covering circumstances.