In order to determine what the beneficial interests are, and
hence what claims may have arisen, it is essential to look at the
policies themselves. This is important because no two insurance
companies use the same form of wording in their policies and most
change their wordings quite frequently.
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
Once the beneficial interests have been agreed it will also
be necessary to consider the possibility of a lifetime transfer at
the time the policy was taken out.
It is also important to determine who paid the premiums as
this may shed light on the intentions of the policy holders or, in
cases where there is no clear evidence either way, equitable
presumptions may become relevant, e.g. resulting trust to
purchasers.
