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Put your policy in Trust

Make sure Your Cover pays out to the right people quickly

  • You decide who will receive and the amount of the pay-out
  • The pay-out is received in full without costly fees and delays for avoidable legal work
  • Trusts help with inheritance tax planning*

In almost all scenarios, best practice is to put your Life and or Critical Illness policies in trust

Lifeguarded will assist you to set up all suitable policies in trust WITHOUT a fee.

*Tax rules are subject to change.

Call a trust expert on: 0161 470 4820

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What are the Benefits?

A Discretionary Trust allows you and whoever you nominate to control what happens to the insurance pay-out after your death. You decide who receives the money and the amount.

A Split Trust is used with a Critical Illness policy as the beneficiaries will be different depending on whether the insurance pay-out is death related or for diagnosis of a critical illness.

  • The money is passed directly to your beneficiaries, without reference to your will, or the taxman.
  • Trusts avoid probate - and so pay beneficiaries faster. With a Trust, Life Insurance can pay out within a week, without a Trust the average wait is 3 months.
  • Trusts are easy to arrange - at Lifeguarded we arrange them FREE OF CHARGE for our customers.

How it works?

Setting up a Trust with Lifeguarded is easy: our Trust Team can organise everything for you over the phone. Our service is simple, straightforward and free. If you have any questions, call our Trust Team on 0161 470 4820.

Did you know?

£230,000 approximate costs of raising a child from birth to 21.
Source: LV=

Common questions

• What is a Trust?

A Trust is a legal document that ensures money from a policy claim is kept separate from an estate. It avoids tax and speeds up a payment.

• I have a Will, do I need a Trust?

Yes. Although a will ensures that money goes to the right people, the money from a will is distributed after probate, and after tax. A Trust bypasses that.

• Are there any disadvantages in having a trust applied to my insurance policy?

Once it has been applied to a policy, a Trust cannot be removed. We use flexible “Discretionary Trusts” that can be altered if circumstances change by whoever you pre-select to have the authority to do so.

• Do Trusts avoid all taxes?

In all but a very few cases, setting up a trust will avoid Inheritance Tax. No tax is charged on the Trust if the insurance you're paying for costs less than £3000 a year or if it is paid for out of already taxed income.

If you are unsure whether a Trust is for you, you may wish to seek specialist legal or tax advice.


3 months: the average time administration (probate) takes following death.
Probate will delay the receipt of your insurance unless your policy is written in Trust.

Lifeguarded Limited
Suite V
Sovereign House
Tel: 0161 470 4820