The business trust

We've designed the business trust specifically for use with a Royal London business protection plan (partner, member and shareholder protection) that’s being set up as an own life in trust arrangement.

The business owner can write their plan under trust, with the beneficiaries being the other partners, members or shareholders in the business.

This ensures that the surviving co-owners have the necessary funds to buy a deceased or ill person’s share in the business and don’t end up with an unintended or undesirable business partner or shareholder, such as a surviving spouse, child or unwelcome third party.

This trust is only available as a discretionary trust.

Our signature free process

We know processing a trust application can be a struggle - especially when you need so many signatures.

Our signature free business protection and relevant life plan trust process allows you to complete the application for your client without having to wait for signatures from nominated trustees or your client - making the process simple.

Important note:
Please note this is a guide and shouldn’t be relied on as actual advice.

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.