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LV= Trustbuilder

Welcome to the LV= Trustbuilder – the simple and straightforward way to put your clients’ personal protection policies into trust.

Start the Trustbuilder
LV= Trustbuilder

How to use the Trustbuilder

The Trustbuilder will take you through the process of setting up a trust.

We’ll ask a few questions about your client’s circumstances, and who they want the proceeds from their life cover to be paid to when they die. The answers will help determine which of the trusts we offer best matches your client’s circumstances.

Then you’ll be able to complete the form online by answering a series of questions, and the trust deed you’ve chosen for your client will be created for you to print out. The client(s) and the trustees will need to sign the document, and have their signatures witnessed by an independent third party. Once this is done, post it to us using the freepost address provided and we will update our records. We’ll then return the original deed back to your client(s) for them to keep in a safe place with their policy documents.

Before you start our Trustbuilder, make sure you've considered whether placing your client's policy into trust is right for them. Also, make sure you've had a look at our flexible and fixed trust deeds. If you're in any doubt you should seek specialist advice.

Common questions

What happens to the information that I give you?

Any information that you enter into our Trustbuilder system is only used to create your client's trust deed, and won’t be used for marketing purposes. Once the trust deed has been created for you, the information you’ve entered will be deleted from our records and systems. We’ll only record the details on our systems once you have sent the signed deed back to us. So it’s important for you to tell anyone whose details you’ve entered, and named on the trust deed that this will be happening.

Is it right for my client?

You shouldn’t use our Trustbuilder for your client if their financial arrangements are complex, or you’re recommending a complex set of tax planning arrangements for your client. Our trusts are basic types of trust (flexible and fixed), for use with life cover policies only. It’s up to you and your client(s) to decide if the trust selected by the LV= Trustbuilder is right for your clients.

If your client(s) have a life cover policy, and also have a waiver of premium policy – then it’s only the life cover policy that can be placed in trust. Waiver of premium policies can’t be placed in trust.

Can my client change their mind?

Placing a policy in trust should be considered carefully. Once the trust has been set up, your client can't normally change their mind later on and take the policy out of trust.

What information will I need?

Before you start the trust builder it would be useful if you have your client's policy details to hand (if their policy has already started).

It will also make the process much quicker if you have the following:

  • The names and addresses of the people your clients would like to be trustees
  • The names of the people that your clients want their life cover to be paid to when they die (the beneficiaries)

What types of trust does the Trustbuilder support?

Currently the trustbuilder supports both flexible and fixed trusts for life protection policies only.

The following types of trust can't be used currently. However, you can find out more about these sorts of trusts, or download the forms by following the links below.

Pension term trust
Split trust
Business trust

What sort of policies can the Trustbuilder be used for?

The following products can be used with the Trustbuilder to place into trust:

What's a 50 Plus plan?

Although the 50 Plus plan isn't a product available through intermediaries, your client may have a policy with us. The Trustbuilder can be used to put a 50 Plus plan into trust. However, if your client has selected our funeral benefit option, then they won't be able to put their plan into one of our trusts.

Find out more about the 50 Plus plan

What's LV= Life Insurance?

Although LV= Life Insurance isn't a product available through intermediaries, your client may have a policy with us. The Trustbuilder can be used to put LV= Life Insurance into trust.

Find out more about LV= Life Insurance
Start the LV= Trustbuilder

Start the LV= Trustbuilder


Download the Guide to Trusts


Download the guide to being a trustee


LV= Trustbuilder explained

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LV= Trustbuilder explained

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Need help?

If you have any questions regarding trusts or our Trustbuilder call

0845 640 5273

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