Shin Young Securities Launches Industry's First "Insurance Claim Right Trust"

On June 10, Shin Young Securities announced the launch of the "Insurance Claim Right Trust" product, becoming the first securities company to offer a trust product that manages death benefits and allows for the design of various payment plans.

The "Insurance Claim Right Trust" converts the death benefit of a life insurance policy into a trust structure, with the trust company safekeeping and managing the funds and distributing them to beneficiaries according to conditions specified in advance by the trustor. By utilizing this trust structure, it is possible to customize the payment plan according to the trustor's objectives and circumstances, unlike the conventional method where insurance proceeds are paid out as a lump sum to beneficiaries immediately.

In particular, this trust product enables the design of various payment plans, such as providing regular living expenses to beneficiaries, securing funds for inheritance tax, and allowing partial withdrawals for major life events such as marriage or enrollment in school.

In addition, Shin Young Securities provides comprehensive advisory services related to inheritance and gifting, in cooperation with experts in law, taxation, and real estate, to support clients' asset management and succession strategies in a more systematic manner.

Vice President Kim Daeil stated, "Through the Insurance Claim Right Trust, it is possible to create flexible and diverse payment plans for loved ones, and we can offer practical solutions to those concerned about managing inherited assets." He added, "As a leader in family heritage, Shin Young Securities will be a reliable partner for clients on their journey of life and business succession."

This content was produced with the assistance of AI translation services.