Life Insurance Trust
Irrevocable trust created during the lifetime of a trustor to hold his or her life insurance policy as trust property, and thus exclude its proceeds from the taxable estate upon his or her death. Also called insurance trust.
Irrevocable trust created during the lifetime of a trustor to hold his or her life insurance policy as trust property, and thus exclude its proceeds from the taxable estate upon his or her death. Also called insurance trust.
