Where does the payout go if you die?

The payout upon death will be made to the personal representative to distribute according to the life insured’s will. If there is no will, the rules of intestacy will apply. Please see gov.uk/inherits-someone-dies-without-will. If the life insured submits a claim for terminal illness and it meets our definition, the payout will be paid to the life insured. If the life insured arranges for the policy to be assigned or placed in trust, the cover amount will be paid to the assignee or trustee.