Fiduciary Bond
Plain English Definition: A fiduciary bond ensures that individuals in a fiduciary role fulfill their obligations legally and ethically.
What Fiduciary Bond really means for someone with an insurance policy
Fiduciary bonds protect beneficiaries from potential financial losses due to the misconduct of a fiduciary, such as an executor or trustee.
Fiduciary Bond Real World Examples
- An estate executor managing inheritance funds.
- A guardian overseeing a minor’s financial assets.
- A trustee managing a trust for beneficiaries.