Having an Insurance policy isn't enough to secure your loved one in the time of your mishaps. Many people still not aware of the important role of having Insurance Trust. I believe you are one of them too.
The role of an Insurance company is to ensure that the proceeds is payout on time and to the nominated beneficiaries. Insurance company will not have care much about how old or how young the beneficiary is, they don't even bother to know how the beneficiary wants to use the proceeds amount. You know your spouse or your children spending habit, are they able to handle the insurance proceeds especially the amount ? Is the guardian reliable and trustworthy? Will your spouse make unwise decision listening to the people around to make investment?
By setting up an Insurance Trust will definitely give you peace of mind because Trustee Company will become your beneficiary to handle the distribution of the insurance proceeds according to your instruction. You can give the instruction in the way you like and in control manner so that the insurance proceeds will not be spent unwisely by the beneficiary. You are still in control even you are no longer around. Trustee company will act on your behalf.
Therefore, it is advisable to consider setting up Insurance Trust to further protect your loved one. This will make your financial planning a complete one.
Contact me now for more information. I provide Professional Consultation Services, no obligation.
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