Which trust | Life insurance in Trust | Life Insurance | Insurance | Personal | Zurich Insurance

Which trust is right for you?

We provide a range of trusts to cover different needs, so it's important you understand which trust is right for you. Our tool can help you decide by asking you some basic questions to help narrow down the options of which trust might be best for you.

CHOOSE THE RIGHT TRUST


Let’s get started

WHAT TYPE OF PLAN DO YOU WANT TO PUT IN TRUST?

 

Does your plan pay out on the 1st death (or critical illness if included)?

 

Does your plan include critical illness cover?

 

Your plan pays out on the 2nd death. Do you want to be able to make future changes to who can benefit from the trust?

 

Is the amount of your life cover greater than your critical illness cover?

 

Does your plan include critical illness cover?

 

Is the amount of your life cover greater than your critical illness cover?

 

Do you want to be able to make future changes to who can benefit from the trust?

 

We can’t provide a trust because it wouldn’t be effective for Inheritance Tax. Please speak to a financial adviser to see what options are available.

A Discretionary Split Survivorship Trust could meet your requirements.

Find out more about this Trust

A Discretionary Survivorship Trust could meet your requirements.

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A Discretionary Trust could meet your requirements.

Find out more about this Trust

An Absolute Trust could meet your requirements.

Find out more about this Trust

We can’t provide a trust because it wouldn’t be effective for Inheritance Tax. Please speak to a financial adviser to see what options are available.

A Discretionary Split Trust could meet your requirements.

Find out more about this Trust

A Discretionary Trust could meet your requirements.

Find out more about this Trust

An Absolute Trust could meet your requirements.

Find out more about this Trust

This tool assumes you have not transferred ownership of the plan to anyone else.

The trust tool is a guide only based on the Zurich trust choices and the answers you’ve provided. The information in this tool is based on our current understanding of UK law and HM Revenue and Customs practice as at 1 November 2015. Bear in mind these rules may change in the future. Please ensure you read the detailed guidance notes within the trust deed to ensure the trust does meet your needs. If you are unsure, please seek professional financial advice.


Things you need to know about 'Choose the right trust'

  • This tool and the supporting information gives a brief overview of what trusts are and how they work. It's not designed to be a technical overview of each trust.
  • You should read and fully understand the guidance notes in the trust deed before deciding to apply for a trust.
  • This tool and the supporting information is only a guide - we unfortunately can't give you advice, but our tool is designed to provide information about how trusts work and which of the Zurich trusts might fit your requirements.
  • Choose the right trust only provides guidance on personal trusts for life insurance plans.

Who's needed to set up a trust?

  • Settlor (or 'Donor' on an Absolute Trust) - the person(s) who puts assets into a trust (transferring legal ownership to the trustees) and appoints trustees to look after the trust.

  • Trustee - the person(s) who looks after the contents of the trust on behalf of the beneficiary(ies) - normally trustees are the settlor themselves, and at least one other person, someone else the settlor trusts and who is likely to outlive them.

  • Beneficiary - the person(s) who can benefit from the trust.

Need help?

Completing the trust deed

For help to complete a trust deed, please call 0345 266 1046, or email zurich.customer.service@uk.zurich.com

However, we won’t be able to advise you which trust suits your personal circumstances, but we will be able to answer factual questions about the trusts themselves.


We may record or monitor calls for training and quality purposes.

Looking for advice?

If you are unsure if putting your plan into trust is right for you, or you’re not sure which trust to choose, you should seek professional help from a solicitor or your financial adviser – you may have to pay for the advice you receive.

Got a question?

Take a look at some of the most frequently asked questions about putting a life insurance plan into trust.