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Follow the steps below to complete the Discretionary Trust Deed.

Please use the Checklist to ensure that all sections are complete before sending. 

Firstly write your 10 digit Policy Number in the box labelled "Policy Number".

(Policy numbers start with 0s/00/01/02/UK________. Application Numbers starting AN0_______ won't be accepted.)

Read the "Important Notes" before continuing to the next page.

You will need to return to "Part A. Date of Trust" once all other sections of this deed are completed and then write the date beside "THIS DECLARATION OF TRUST is made on the..."

In "Part B. Definitions", write the Name, Address, Postcode and Date of Birth of the policy owner under "First Settlor".

If this is a joint policy then the details of the second policy owner will need to be written under "Second Settlor". 

Write the Name, Address, Postcode and Date of Birth of the first person you want to name as trustee under "Trustee 1".

There is space on the deed to name up to 4 trustees and additional forms can be provided if required. A trustee can be any person or people over the age of 18 and of sound mind.

A list of default beneficiaries are provided beneath "4. The Beneficiaries". If you want to name a person not included on this default list then write the Name, Address, Postcode and Date of Birth of the first person you want to name as additional beneficiary under "Additional Beneficiary 1".

There is space on the deed to name up to 4 additional beneficiaries and forms can be provided to name more if required. A beneficiary can be any person or people that you want to receive the money following a claim on your policy.

Beside "5. Name of Trust" you can give your trust a name, this is optional.

Part B, Section 7 refers to "Gifted and Retained Benefits".

The "First (or sole) Settlor" box should only be signed if you intend that your policy proceeds be gifted to your beneficiaries, rather than paid to the policy owner, in the event of a Terminal Illness Claim (or, if applicable, a Critical Illness Claim). Leaving the box blank will 'Retain' the proceeds of the policy with the policy owner in the same instance.

If the policy is held jointly then the second policy owner will also need to sign under "Second Settlor" if you wish to gift the benefit.

Please read "Part C. Key Provisions" before continuing.

Under "Schedule", write your policy name beside "Description of Policy". The name of your policy can be found on My Account or in your policy documents. (Example: Level Term Life Insurance)

Then write your "Date of Application" OR "Policy Number" into the appropriate box, followed by the name of the person (or people; if a joint policy) covered by the policy beside "Life Assured". 

In "Part D Signatures", under the heading "First (or sole) Settlor", the policy owner will need to complete their full name and signature , followed by the full name, signature and address of a witness and the date.

A witness must be over the age of 18, of sound mind and not named anywhere else in the trust, nor a spouse or civil partner.

If the policy is held jointly then the second policy holder needs to do the same under "Second Settlor". The witness can be the same person in both instances.

Finally, each of the Trustees named in "Part B. Definitions" must print and sign under the appropriate "Additional Trustee" number in "Part D.Signatures".

This again, needs to be followed by the full name, signature and address of a witness and finally the date.

Once all sections have been completed as set out in the Checklist on Page 1, return the original trust deed by Post.

Where can I find my policy number?

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