Sony Life Enters Tie-up with Specified Nonprofit Organization Yuigon Sozoku Legal Network
July 28, 2009
On July 23, 2009, Sony Life Insurance Co.("Sony Life"), Ltd., a wholly owned life insurance subsidiary of Sony Financial Holdings, concluded a memorandum of a business tie-up agreement with specified nonprofit organization Yuigon Sozoku Legal Network ("Yuigon Sozoku Legal Network") on legal consultation related to last will and testament, as well as inheritance.
This business tie-up will enables Sony Life to improve its services for its customers by expanding its services to include "Legal Consultation with Lawyers", in addition to the "Inheritance and Business Succession Solution Services utilizing life insurance based on life planning" already implemented by Sony Life's Lifeplanner* sales employees.
1. Objectives of the Tie-up
At present, inheritance-related services (testamentary trusts) generally target high net worth customers even though the market scale is expected to grow with the graying of society.
Furthermore, in cases where the division of an estate is assumed to be problematic, issues may remain with regard to legal support to resolve fundamental disputes. Regardless of income, Sony Life believes that inheritance problems can occur among anyone, and it is ideal that Sony Life can offer its inheritance-related services with the highest respect for the intentions of the testator to promote a smooth succession to the next generation.
Sony Life has entered a tie-up with Yuigon Sozoku Legal Network, which offers expert legal support throughout Japan, as part of its aim of improving its inheritance-related services by enhancing the focus on resolving fundamental issues. Through complementary inheritance-related services and a cooperative structure, this tie-up provides services that other insurance providers cannot offer.
2. Contents of the Tie-up
- Individual legal consultation related to last wills and inheritances
- Free seminars for customers
- Free legal consultancy for customers
- Joint training session by registered attorneys at Yuigon Sozoku Legal Network and Sony Life's Lifeplanner sales employees
- Free general legal consultation via telephone
3. About Yuigon Sozoku Legal Network
With the objective of contributing to the promotion of social welfare, Yuigon Sozoku Legal Network offers the following services.
- Support and offer information to many ordinary citizens who seek for the resolution of problems related to inheritance and postmortem affairs through the creation and execution of a will, including the promotion of the public notarization of wills and safekeeping of the will document.
- Conduct comprehensive research into disputes involving testamentary trusts, welfare trusts, business succession and inheritance by fostering a large number of experts engaged in these services.
- Publish the results of this research for public benefit.
*Lifeplanner is a registered trademark of Sony Life Insurance Co., Ltd.
Note: This is an English-language summary of a Japanese announcement made by Sony Life on July 28, 2009. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.
