Joint Life First Death Term Assurance - Into Trust?
I believe, by standard definitions, a joint life policy would lead to joint settlors (if it was placed in trust). Therefore a regular trust wouldn't work, and in fact not necessary since the surviving spouse still owns the policy anyway - and settlors can't be beneficiaries.
If i'm right, the best method of placing these policies in trust is with the 30-day survivorship clause.
My question is - is that your default position too? If the insurance provider don't offer the survivorship clause in their off-the-shelf trusts, what do you do?