Q&As

Where an individual’s life assurance policy covers death and terminal illness, is it possible to assign the death benefit alone into trust? What practical steps, if any, need to be considered?

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Published on LexisPSL on 13/08/2020

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  • Where an individual’s life assurance policy covers death and terminal illness, is it possible to assign the death benefit alone into trust? What practical steps, if any, need to be considered?

Where an individual’s life assurance policy covers death and terminal illness, is it possible to assign the death benefit alone into trust? What practical steps, if any, need to be considered?

The death benefit under a life policy is a chose in action. A chose in action is a thing recoverable by action, as contrasted with a chose in possession, which is a thing of which a person may have not only ownership but also actual physical possession.

There is no reason why

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