On May 18 at KB Golden Life Care, Doo-na Lee (이두나), head of the Golden Life Department at KB Kookmin Bank, and Bok-jae Yoo (유복재), an executive director at KB Golden Life Care’s Business Management Division, pose for a photo. [Photo: KB Kookmin Bank]

KB Kookmin Bank will safely manage deposits of customers living in senior residences and support inheritance after death.

KB Kookmin Bank said on May 19 it launched a will-substitute trust (claims for return of move-in deposits) service for customers living in senior residences.

The service is designed to protect senior residence move-in deposits while enabling stable transfer of assets to beneficiaries designated in advance.

Eligible customers are residents of domestic senior residences who have paid a move-in deposit. Customers can keep living in their current residence, while the bank can, upon their death, receive the returned move-in deposit under the trust contract and transfer it to the designated beneficiaries.

A KB Kookmin Bank official said, "We launched the service to reflect the real concerns of senior customers," adding, "We will continue to expand differentiated financial solutions tailored to a super-aged society."

Keyword

#KB Kookmin Bank #KB Golden Life Care #will-substitute trust #senior residence #move-in deposit
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