Hana Bank and MetLife Life Insurance Sign MOU to Promote Trusts for Insurance Claim Rights

Managing and Operating Death Benefits to Prevent Disputes and Support Beneficiaries' Financial Stability
"We Will Do Our Best as a Financial Partner by Providing Services that Meet the Diverse Needs of Our Customers"

On the 30th, at the Hana Bank headquarters, Kim Younghoon, Vice President of the Asset Management Group (right), and Kim Sunghwan, Vice President of MetLife Life Insurance, are posing for a commemorative photo after signing a business agreement to promote the trust for insurance claim rights. Hana Bank

Hana Bank announced on October 1 that it had signed a business agreement with MetLife Life Insurance at the Hana Bank headquarters in Jung-gu, Seoul, to promote and expand services related to trusts for insurance claim rights.

This agreement was established to provide customers with professional and stable trust services, as demand for trusts for insurance claim rights continues to grow.

A trust for insurance claim rights is a system in which, upon the death of the insured, the trust company receives and manages the death benefit and then pays it to the beneficiary according to specified conditions. This helps prevent disputes during the inheritance process and supports the financial stability of the beneficiary.

Through this agreement, the two companies plan to offer differentiated asset management services by raising awareness and expanding the base for trusts for insurance claim rights, establishing a fast and secure contract and management process, and providing personalized trust solutions.

Kim Younghoon, Vice President of the Asset Management Group at Hana Bank, stated, "The combination of insurance and trusts is more than just a financial product-it is a comprehensive financial solution that firmly protects the lives and futures of our customers and their families. We will continue to do our best to fulfill our role as a reliable financial partner by providing differentiated services that meet the diverse needs of our customers."

Meanwhile, Hana Bank was the first in the financial sector to launch a substitute will trust in 2010, and has since provided comprehensive asset management solutions based on trusts, including cash, real estate, and stocks. The bank continues to solidify its position as a leading trust institution by launching services that meet the diverse life stages and financial needs of its customers, such as the differentiated products 'Hana The Next Home Pension' and 'Hana Gold Trust.'