Hanwha Life launches trust service for customized death benefit payments

Hanwha Life Insurance rolled out a new service that allows policyholders to manage how their life insurance payouts are distributed to their families after they die, the company said Tuesday. Under this system, policyholders can entrust their insurance payouts to a trust company, which then distributes the funds to the chosen beneficiaries according to a schedule set in advance. The new trust service is designed to address the growing demand for customized, cross-generational financial management in an aging society. Developed with guidance from Hanwha Life’s Inheritance Solution Institute, it enables clients to structure their finances according to different life stages, covering needs such as children’s education, inheritance tax planning and long-term living expenses. The trust offers the advantage of distributing life insurance payouts in installments instead of a lump sum, allowing for more organized financial planning. Grandparents, for example, can use it to support their grandchildren’s college expenses over time. It also ensures that the payouts reach the intended family memWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times