PUBLISHED: Thursday, 2009-10-22
Dealing with life and all its complexities just got easier for life insurance policyholders. With the new Insurance Nomination Law in effect from 1 September 2009, policyholders now have more flexibility and control in naming their beneficiaries and a choice of control over the policy. For policies purchased from 1 September 2009, you now have a choice to make a trust nomination or a revocable nomination, as best suits your purposes.