Insurance Trust

What Is the UBB Insurance Trust and How Does It Work?

The UBB Insurance Trust is a legal arrangement in which you assign your life insurance policy to UBB Amanah Berhad as Trustee. Following the triggering events, such as disability, coma, or death, UBB will recover the insurance proceeds and then preserve, administer, and distribute them to your named trust beneficiaries over time, all in accordance with your objectives as indicated in the Trust Deed.

Ubb’s Three Generation Wealth Creation And Preservation

You, too, have the option of leaving a financial legacy for your children and their offspring. Doesn’t it sound lovely? The UBB Insurance Trust will protect and preserve your insurance proceeds, so that it can be leveraged to generate further wealth for your children and their successors in the most cost-effective manner possible.

Why UBB’s Insurance Trust Is Important to you.

When you purchase a life insurance today, you are essentially committing that if you die prematurely, your family will rely on the insurance proceeds to meet specific obligations and expenses. To put it another way, the insurance money is crucial. Since the insurance money is so important, we must Ring Fence it to protect it from any vulnerabilities. This “RING FENCE” represents the UBB INSURANCE TRUST, and the potential risks are those associated with the insurance nomination.

UBB INSURANCE TRUST can help you deal with the following issues: