A trust is a way of giving away something of value (in this case the life insurance policy) for the benefits of others (the beneficiaries), but without giving them full access to and control over the policy.
You may wish to make your own arrangements or alternatively our life insurance provider Legal & General provides further information.
Still unsure whether a trust is the right option for you? Please take time to discuss this with a professional adviser. Remember it’s your responsibility to make sure the policy is right for you.
You can find more information in the policy summary.