Quotes4Life.co.uk Helps Life Insurance Consumers with Online Trust Tool
Posted on July 28th, 2011 in All Posts, Press Releases. Quotes4Life.co.uk an online life insurance broker who’s Logo reads “Financial Advice at Internet Prices” has recently launched a life insurance trust tool. The broker, who aims to bring traditional financial advice to the masses, says that it is one of a number of online tools to be launched in the coming months that will help simplify life insurance for consumers. Damian the owner of Quotes4Life.co.uk states that the benefits of writing life insurance in trust are huge. He also stated that the majority of life insurance that he reviews is not written in trust and this can lead to serious problems should the need to claim arise. When a life insurance is taken on a single life basis then if a claim is made the sum assured is normally paid to the policyholder’s estate. Even if the insured had a will, the time taken for dependents to get hold of the sum assured can take months. In addition if the policy is not put into trust it will also add to the deceased estate and inheritance tax could be due. Quotes4Life.co.uk stated that if no will is in place and the deceased dependent is a common law partner then the sum assured would not go to the partner, but to their children or parents if no children are present. Normally the children cannot access the sum assured until they are aged 18. This means that insurance that was taken out to support dependents cannot be used until after it is required.
To arrange a free phone appointment and receive real advice on Life Insurance TrustsClick Here
Related posts:
