Expert advice on Life Insurance, Mortgages and Wills in Northern Ireland
Covering counties Antrim, Down, Armagh, Derry-Londonderry, Fermanagh and Tyrone
Call our Newry office for 'No obligation' advice on 02830 252455
Life Insurance Trusts call us now 028 30252455 lines open Mon to Fri 8.30am-8pm Sat 9-5pm
Life Insurance - The Importance of Trusts

When taking out a Life Insurance policy in general we would recommend the policy is written into a trust where applicable. If your Life Insurance policy is written in Trust then, in the event of a claim, the insurance company pays out directly to the beneficiaries you name on the policy.
Sadly many people overlook this fact either because of solicitors charging for the service or through simple lack of knowledge. At Sugar island we will write your Life Insurance in trust at no additional cost to you the customer.

Trusts needn't be a complicated area just be sure to get the right with advice from a qualified life insurance adviser.

Why write a life insurance policy in trust?
A major advantage to writing a policy in trust is to help avoid IHT (Inheritance Tax) by keeping the deceased person's estate under the nil rate band.

If the deceased person's estate is more than £325,000 then everything above this amount is subject to IHT at 40%. However by writing the policy into trust, all the benefit paid by the insurance company is tax free and will be promptly paid to the parties named in the trust.

If the payout goes to the deceased person's estate then it goes to their estate and is divided out as specified by their last Will and testament.

This means the money will be held in probate for a required amount of time, which can sometimes be months or even years.

A Life Insurance Trust gives extra piece of mind and ensures that the money goes to the right people at the time when they need it most.

Whenever you take out Life Insurance with Sugar Island financial advice our professional advisers will write your life insurance policy into trust free of charge. 

Sugar Island Financial Advice are your local life insurance experts here in Northern Ireland covering counties Down, Armagh, Antrim, Derry-Londonderry, Fermanagh or Tyrone. We are right here on your doorstep and can provide life insurance designed to meet the specific needs of you and or your family.


Call us now for a quote 028 30252455  No obligation
Call us  our lines are open Mon to Fri Between 8.30am and 8.00pm, Sat 9.00-5.00pm and Sun 9.00am-1pm or click the "Quick quote life insurance" button opposite we’d love to hear from you.


HM Revenues and Customs practice and the law realting to taxation are complex and subject to individual circumstances and changes which cannot be foreseen. The information on this website is subject to the UK regulatory regime and therefore targeted at consumers based in the UK.