KB Kookmin Bank Launches "Substitute Will Trust Service"

A Senior-Focused Financial Solution Combining Residential Security and Posthumous Inheritance
Residency Deposit Return Trust
Secure Asset Protection and One-Stop Succession Support

KB Kookmin Bank announced on May 19 that it has launched a substitute will trust service (for residency deposit return claims), designed to securely manage the deposits of senior residence tenants and assist with inheritance procedures after their passing.

Lee Doona, Head of Golden Life Department at KB Kookmin Bank (left), and Yoo Bokjae, Executive Director of KB Golden Life Care Business Management Division, are taking a commemorative photo at KB Golden Life Care on the 18th.

This service was developed in collaboration with KB Golden Life Care, a subsidiary of KB Life, to address the growing concerns of senior residence tenants. It securely protects large residency deposits while enabling stable asset succession to a designated beneficiary in advance, without the need for complicated inheritance procedures.

The service is available to domestic senior residence tenants with residency deposits, and consultations for enrollment are available at KB Kookmin Bank branches. Once enrolled, customers can continue living in their senior town, and upon the customer's death, the bank will transfer the right to claim the residency deposit to a pre-designated beneficiary, in accordance with the trust contract.

A KB Kookmin Bank official stated, "This service was launched based on concerns heard directly from senior customers on-site," and added, "Going forward, KB Kookmin Bank will continue to offer proactive and differentiated financial solutions to enhance the quality of life for senior customers as we prepare for a super-aged society."

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