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What is the Difference between
TESTAMENTARY TRUST
&
INSURANCE NOMINATION TRUST
TESTAMENTARY TRUST
is created under a WILL
WILL
Testamentary Trust
Can be considered as Difficult Method to All the Insurance Agents
INSURANCE NOMINATION
TRUST
is created with
Insurance Policy
+
Nomination Form
+
Insurance NominationTrust
Application Form
Simple Method
to
All the Insurance Agents
TESTAMENTARY TRUST
-
Complex & Time Consuming
Probate Process. -
Periodic Payments either Monthly or Yearly.
-
Potential Increased Cost due to Delays after Distribution.
-
Complicated Process Flow to Insurance Agent for closing the Insurance Deal.
INSURANCE NOMINATION
TRUST
-
Direct Distribution Insurance Proceeds to Trustee through Nomination Form to Beneficiaries (Family Members).
-
Periodic Payments either Monthly or Yearly.
-
Private & Confidential.
-
No others Extra Cost Incurred.
-
Simple Way to Insurance Agent by using Insurance Nomination Trust concept to close the Insurance Deal.
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