Restructuring 200 Historic Life Insurance Policies
In this video, Holly Hill, Director at John Lamb Hill Oldridge, discusses a highly complex case study involving the modernisation and restructuring of a significant portfolio of historic life insurance policies.
The Challenge
Managing older life insurance policies can present unique obstacles, especially as market expertise diminishes over time. For this client, the project involved:
Restructuring 200 life insurance policies originally taken out between 1984 and 1996.
Navigating an insurance market that often lacks the specialised knowledge required to advise on historic contracts.
Coordinating seamlessly across 10 life insurance companies, 5 to 6 different trusts, and more than 5 trustees.
Carefully timing the transition to ensure there were absolutely no gaps in coverage, preventing any exposure to uncovered inheritance tax liabilities.
The Solution & Outcome
Relying on their dedicated servicing team, deep historical knowledge, and strong market relationships, John Lamb Hill Oldridge successfully executed the restructure. The outcome provided the client with:
A transition to modern, flexible contracts better suited to their current needs.
The realisation of a significant pot of money unlocked from the historic contracts.
A vastly reduced administrative burden, handled entirely by the John Lamb Hill Oldridge team.
Other Insights
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