KB Kookmin Bank Launches "KB Golden Life Dementia Care Trust"

On December 1, KB Kookmin Bank announced the launch of the "KB Golden Life Dementia Care Trust," a new trust product that provides a pre-designated fund management solution to assist customers who may face difficulties managing their finances in the event of dementia.

This product allows customers to designate a payment agent in advance and set up an asset usage plan while they are still healthy. If the customer is later diagnosed with severe dementia, their assets will be transferred to a pre-designated account. The key feature is that it enables customers to prepare for dementia in advance by securing retirement funds and ensures that medical expenses, nursing care costs, caregiver fees, and living expenses are paid securely to designated recipients according to the customer’s prior instructions.

Additionally, as a living trust that can serve as a substitute for a will, it enables the transfer of any remaining assets to a pre-designated beneficiary upon the customer’s death, providing a comprehensive and systematic retirement asset management solution from life through to after death.

The minimum subscription amount is 10 million won, and any customer aged 40 or older can freely enroll. In the future, customers will be able to receive various assets, such as dementia diagnosis insurance payouts or pensions, through the "KB Golden Life Dementia Care Trust," allowing for integrated management and operation of retirement assets.

A KB Kookmin Bank representative stated, "We will continue to expand financial services that safely manage customers’ retirement assets throughout all stages of life."

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