Welcome to the trust deed forum london14.

Similar questions have arisen on this subject a few times recently.

The advice from the experts, and apparently the unfortunate reality, is any such life insurance payout is likely to have to be paid into the trust deed.

It might be useful if our experts could share their views and experience on this once again when they next get chance to visit the forum...

I only found out recently that my trustee has "taken an interest" in my life insurance policy. I wanted to update my address as I moved, and the company wouldn't even let me do that. I then found that if anything happens in the next few months before I finish what that means.

Given I now have a wee girl, and a wee boy on the way in October (found out the sex on Thursday, am well chuffed!) I'm pissed off that my missus could well be left with nothing if the worst happens.

What exactly does "taken an interest" mean, surely the insurance company would be legally bound to inform you of this?

I have a life insurance policy. It's for £150000. It's not a with profits policy, only payable in the event of my death. I'm about to sign TD and since the subject was raised has now got me wondering.

I have 2 children, the policy is to run until my son is 21, by which time both children should be financially independant, my plan was then to take out a smaller one. By that time my TD would be over too. Meanwhile should something happen to me, I assume the trustee could only make a claim on the amount of my debt and the rest would be payable to my children?

Hi all

There was a thread recently on the subject and I'm sure the beneficiary of the policy being a non trust deed third party takes it out of the reach of the trustee.

Mark