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Assigning benefits of level term life insurance to god childrens mother
LarryNectar
Posts: 20 Forumite
I have got a super quote fro level term life insurance through Cavendish (recommended by MSE)
BUT I want the beneficiary of the policy to be my god children's mother
Through Aviva which was the cheapest policy .. will that be possible
BUT I want the beneficiary of the policy to be my god children's mother
Through Aviva which was the cheapest policy .. will that be possible
0
Comments
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and what is the procedure for this. Do I list her as a insurable nterest or whatever it is called0
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Get the insurer to issue the policy "in trust"
That will ensure the money goes to the right person and not your estate (also free from taxes)0
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