Put your policy in Trust

Make sure your cover pays out to the right people at the right time.

  • You decide who gets how much.
  • Money is paid without legal delays.
  • Trusts could avoid inheritance tax costs*.

In the vast majority of situations, the best thing you can do is put your Life Insurance policy in Trust.

LifeSearch Trusts offers clients the FREE arrangement of Trusts for their policies, request the forms below. Better still, you can apply online. Click the link right, and get started. Make sure you have details of the policyholder, trustees and beneficiaries available. The form should take about 10 minutes to complete. If your policy is with Royal London or LV=, complete the form at the bottom of this page and we will send you the forms.

*Tax rules are subject to change.


A Flexible Trust allows you - and whoever you choose - to control what happens to your money after your death. You decide who receives how much.

  • 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 LifeSearch we arrange them FREE OF CHARGE for our customers.

Setting up a Trust with LifeSearch 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 0203 764 0082.

Did you know?

£230,000 approximate costs of raising a child from birth to 21.

Source: LV=

Common questions

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.

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.

Once it has been applied to a policy, a Trust cannot be removed. We use flexible Trusts that always allow changes in trustees and beneficiaries.

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 pay out from reaching your family for the whole of this time - unless your policy is written in Trust.