If Morgan dies, legal title to his Term Assurance policy, which is not assigned or written under trust, passes to whom?

In the case of a Term Assurance policy that is not assigned or held in trust, the legal title to the policy upon the death of the insured, Morgan, passes directly to his legal personal representatives. Legal personal representatives are individuals or entities appointed to handle the estate of a deceased person, often serving as executors of a will or administrators of an estate in the absence of a will.

This means that any benefits payable from the Term Assurance policy would form part of Morgan's estate and would be distributed according to the laws of intestacy or the directives outlined in his will. This process ensures that any outstanding debts are settled and that the remaining assets are allocated as intended.

Other choices, such as Morgan's wife or dependants, do not receive automatic entitlement to the policy unless they are specifically named as beneficiaries in the policy itself. The High Court is not directly involved in the transfer of such policies unless there are disputes or complications regarding the estate, making this choice less relevant in this context.