Does your Relevant Life trust contain a continuation option?
For protection policies onlyWed Oct 23 13:11:00 BST 2019 Back to results
Yes. With both our signature-free Relevant Life trust and paper Declaration of trust for a Relevant Life policy, if the employee (insured person) changes job, the trust terms and powers allow a subsequent employer to take over the policy payments, and the policy will continue to qualify as a relevant life policy.
Your guide to our Relevant Life trust(Opens new window) provides more details on the available options.
Trusts establish legal rights, obligations and entitlements and might have material financial and tax implications for the settlor, trustees and beneficiaries. Aegon UK isn't authorised to provide legal or tax advice, so you should take your own legal and tax advice before setting up a trust, to make sure that it meets your requirements. Our trusts have been drafted for use by UK-resident and UK domiciled individuals.