Why Use An Irrevocable Life Insurance Trust? 
An irrevocable life insurance trust can protect the death benefit proceeds from estate taxes . However , an irrevocable life insurance trust has many strings attached , not the least of which is that the person making the trust can not make changes to the beneficiary of the policy . So visit with a knowledgeable agent , lawyer or tax professional when deciding whether an irrevocable life insurance trust is a good idea for your estate . 