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Life Insurance Trust
A Life Insurance Trust is a type of trust agreement wherein the insured assigns his life insurance policy to a trustee for the purpose of managing the policy as well as the proceeds thereof to ensure that at the time of death of the insured, it will go properly to the designated beneficiaries of the Life Insurance Trust Agreement in accordance with its terms and provisions.

A life insurance trust is an effective property distribution scheme in estate planning.  It utilizes the benefits of a life insurance and a trust agreement.  More than a simple delivery of the proceeds, the insured, through the life insurance trust agreement can formulate fund management and distribution schemes to ensure that the beneficiaries get the maximum benefit of the proceeds.

Life Insurance Trust
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