What Is The Primary Purpose Of An Irrevocable Life Insurance Trust? 
Life Insurance Trusts allow Insurance proceeds to go into a trust and allocated where the person who controls the trust sees fit . It is a great way to ensure your wishes are carried out with the proceeds deposited . In an Irrevocable Life Insurance trusts the person who sets it up basically loses the ability to change the trust . It may be used to prevent anyone else from changing the original intention behind why the trust was first set up . It is a great tool to ensure future financial investments/distributions are adhered to . A Life Insurance professional can explain the basics of how insurance fits in and then direct you to a legal professional who can set it up . 