The Study On The Implementation Of Life Insurance Trusts In China

Because of its functions of diversifying risks, guaranteeing life after accidents,insurance has been widely accepted by people. Trust, as a young financial industry,also has get gradually attentions for its flexible and efficient investment capacity. Lifeinsurance trusts is product of the corporation of insurance and trust, which has welldeveloped in western countries. But, because mixed operation is limited in China, andthe development of insurance and trust is slower, our life insurance trusts is still bud.This paper will introduce the life insurance trusts system and its practice in Chinafrom six chapters.In the first chapter, I will make a preliminary introduction about life insurancetrust. Starting from the definition of life insurance trusts, make a comparative analysison two types of life insurance trusts. Also, there will be a further analysis on thefeature to each party and the necessities in China to practice life insurance trusts.Chapter II of this article, the author will starts from the origin, development andcurrent situation of life insurance trust in different countries and areas, introduce itsdevelopments of U.S., Britain, Japan, Taiwan and other countries and regions, as wellas their strengths and weaknesses. Also a comparative analysis of life insurance trustsand in these countries and regions, in order to find some precious experience we can learn from.The third chapter is focused on the existing theories of life insurance trust. Makecomparative analysis of the two types of life insurance trust on their legal nature, andhope to find a proper type which is suit for China.In chapter IV, I will make an analysis on the feasibility of the implementation oflife insurance trusts from both internal and external. Through the industryrelationships, market demand, legal background, rationale and other aspects, hope toget the basis that lift insurance trust can develop in China legally and reasonably, orfind the reasons that hinder its development.In chapter V of this article, through the foregoing discussion, we will know twomodes of the life insurance trusts in various countries and regions,“insuranceintermediary" model, and the mode that the insurance company acting as trustee.However, according to China’s existing laws, the two modes cannot be fully applied.Thus, I will do a detailed analysis in this chapter, presented some of my own views ofchoice that life insurance trust implement in China.In the last chapter of this article, I will start with the theory, practice andregulation,respectively discuss the barriers and difficulties of life insurancetrusts have been or will face with. Combined with the foregoing discussion, hopeto put forward some feasible and effective advices for the development of lifeinsurance trust in our country through my study.