What Is The Primary Purpose Of An Irrevocable Life Insurance Trust? 
An Irrevocable Life Insurance Trusts is designed to ensure payments from an Insurance policy go towards a trust that has been pre-designed to determine how proceeds will be allocated upon one 's passing . This tool is used to ensure your wishes are carried out , as stated at the time the trust was established . One an Irrevocable Life Insurance trust is set up , the person who established the trust loses the ability to change how proceeds are later paid preventing anyone from changing the original intention of the trust . 