Insurance Trust

Life Insurance helps provide liquidity to meet the financial needs of your loved ones while an Insurance Trust let you have a more flexible control on distribution, even after your lifetime. To ensure the insurance proceeds will distribute to the beneficiaries on time according to your personal wishes. For example, the investment income of the trust fund could provide lifetime income for your spouse’s cost of living, while preserving the capital for your future generation.

 

A properly structured and designed Insurance Trust can also help protect the cash value of your policy against potential creditors’ claims. In addition, you and your family can enjoy the unique feature of an Insurance Trust which provides high level of privacy as the identity of clients and beneficiaries are kept in a strictly confidential manner.

Insurance Standby Trust

An Insurance Standby Trust combined the advantages from both tradition life insurance and family trust, by designating the Trust as the beneficiary of your life insurance policy, which the insurance proceeds will inject as the trust fund. BOCOM Trustee will distribute and manage the trust fund according to wishes established before death while the beneficiaries you designated will receive the benefit by time and condition.

 

Benefits of setting up an Insurance Trust

■  Control with high flexibility over distribution, a proper trust planning will help you to make arrangements by time and condition according to your wishes.

■  Protect your young beneficiaries, trust is an effective tool to prevent insurance proceeds been distributed at one go or to anyone who is not capable in managing assets

■  Asset protection, a properly structured insurance trust can protect your wealth and effectively separate private trust assets from your personal assets.

■  Family wealth protection, Insurance Trust can protect your wealth from improvident heirs, fortune hunters, and avoid profligate successors.

Why Bank of Communications Trustee Limited

■  Wholly-owned subsidiary of Bank of Communications Co., Ltd. with strong background and sound credibility

■  Professional team with extensive trust experience, serving our clients for over 40 years

■  Strong understanding of different client cultural background, provide tailor-made solutions

■  Independent from general banking services, we concentrate on trustee services and solutions to our clients

 

For more detailed information, please contact our trust business team at 2213 7619/2213 7622 or email to trustmktg@bankcomm.com.hk