On June 10, Shinyoung Securities announced the launch of a pioneering product called ‘insurance claim trust rights’, enabling flexible management of life insurance death benefits through a trust structure.
This innovative product converts the death benefit of a life insurance policy into a trust held and managed by a trust company, allowing payments to beneficiaries according to conditions set by the policyholder (grantor). Unlike the traditional lump-sum payout, this trust-based approach supports customized payment plans tailored to the grantor’s specific needs.
Shinyoung Securities highlighted practical applications, such as:
Providing regular living expenses for beneficiaries
Funding inheritance tax payments
Scheduling installment withdrawals for significant life events, including marriage or education costs
This product represents a new level of control and financial planning flexibility for life insurance beneficiaries.
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