View more on these topics

LV= launches free trust builder tool

LV= has launched a free online tool to help advisers write new and existing life policies in trust from any provider.

The provider’s Trustbuilder tool, which can be found on its website, features a decision tree to help advisers decide whether a trust is needed and which is the most suitable trust for clients.

Advisers can then input details online, such as the appointed trustees and beneficiaries. They can also download a guide to trusts ahead of talking to clients.

LV= says a recent survey it conducted among IFAs writing life policies found that 23 per cent avoid writing policies in trust because they do not understand them or are not confident explaining trusts to clients.

LV= head of protection Mark Jones says: “As well as being able to bypass probate and being useful for inheritance tax planning, policies written in trust are often less likely to lapse, which benefits the client and adviser as well as the provider.

“We have trialled Trustbuilder with advisers and received excellent feedback and believe that it adds real value in trying to get more life policies written in trust.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com