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ASEW · Life Assurance Trust Structures
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Life Assurance Trust Structures
Difference between bare and discretionary trust in the life assurance context, split trusts, and when each is appropriate.
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Key points
Question 3
Which term matches: "Specific named beneficiaries; they have immediate entitlement; cannot be"
Question 4
What does "Discretionary trust" mean?
Question 5
Match each term in "Key points" to its meaning
Tap a term, then tap its matching definition.
Question 6
Fill in the blank
______ — Some benefits (critical illness) to the policyholder; death benefit to trust; popular with
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What the exam tests
Difference between bare and discretionary trust in the life assurance context, split trusts, and when each is appropriate.
Question 8
True or false?
Difference between bare and discretionary trust in the life assurance context, split trusts, and when each is appropriate