Irrevocable trust built during a trustor’s lifetime of a trustor to keep its proceeds from being taxed upon his or her death and to hold this insurance policy as trust property. Also known as insurance trust.
LIFE INSURANCE TRUST
Irrevocable trust built during a trustor’s lifetime of a trustor to keep its proceeds from being taxed upon his or her death and to hold this insurance policy as trust property. Also known as insurance trust.