1. Insurance Trust is a family wealth management service tool. Protecting, inheriting and managing wealth is the mission of customers. Rights related to life insurance contracts [such as death insurance rights, survival insurance rights and dividend rights (if any)] and corresponding rights [such as death benefits, survival benefits and policy dividends (if any)] and funds (contingencies) are regarded as trust property. When the payment conditions agreed in the insurance contract occur, the insurance company will transfer the corresponding funds to the corresponding trust account according to the insurance agreement.
2. The trust company shall manage, use and dispose of the trust property according to the trust contract signed with the client, so as to realize the continuation and performance of the client's will. Insurance trust is an interdisciplinary trust service, which combines insurance and trust management services instead of a financial product. The insurance money is used to pay for the trust property. The applicant signs an insurance contract, that is, trust and trust mechanism. When the insured claims from the insurer or expires, the insurance company will deliver the insurer's interests to the trust, and the trustee will manage and use the insurance according to the terms of the trust contract, and the trust contract will be transferred to the beneficiary of the trust property.
3. When the trust is terminated or the term expires, the remaining property shall be delivered to the beneficiaries of the trust. The trust period (that is, the period when the benefits are kept by the trust) can be terminated on a certain date, depending on the age of the beneficiary or a specific period. The way to use the trust property (that is, the way to use the insurance money) can be agreed in advance by the trustor in the trust contract. The scope of application includes: deposits, bond funds, bonds, insurance and other objects approved by the competent authorities (including stocks and funds listed at home and abroad). Change of beneficiary of life insurance. If the clause that the trust obtains benefits on behalf of the insured is stated in the application, there is no problem of changing the beneficiary.
Although the family is rich, individuals also have the responsibility to avoid the economic risks of family life insurance. After the insurance accident, his family can live a better life, but we still can't rule out that the insured's intention can't be realized due to some human factors, and the insurance beneficiary can't really enjoy the insurance benefits.