Can A Trust Be The Beneficiary Of A Life Insurance Policy?
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63333 POINTSContact Meview profilePeggy MacePROMost of the U.S.Yes, a trust can be the beneficiary of a life insurance policy. There are even trusts designed for that, called life insurance trusts. If a trust is the beneficiary of a policy, it probably will not need to be included with the policy. If the trust is owner of a policy, the trustees need to sign the policy and a copy of the trust may need to be submitted with the application.Answered on July 18, 2013+01+1 this answer
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21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! The answer is yes, absolutely. I actually work with a company that specializes in a trust that is dedicated to providing for your final expenses. The primary beneficiary is listed as the funeral home, and any excess goes to the secondary beneficiary that you name. Many people also pass their money to trusts to hold for minor children, that otherwise would not be able to directly receive it. If you would like more information, please feel free to contact me, I'm happy to help. Thanks for asking!Answered on April 25, 2014flag this answer
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