Assertion: insurance trust | /r/HasProperty | ilit
Facets:
Source sentences:
text: Irrevocable life insurance trusts (ILIT) contain one or more life insurance policies as the funding mechanism.
text: One option is to form an irrevocable life insurance trust, also known as an ILIT, to take ownership of the policy.
text: An irrevocable life insurance trust (ILIT) holds and controls a term or permanent life insurance policy.
text: An irrevocable life insurance trust (ILIT) is a trust that cannot be rescinded, amended, or modified, post creation.
text: Irrevocable Life Insurance Trust (ILIT) :
text: An irrevocable life insurance trust (ILIT) is a type of living trust that can be set up to accept the death benefits at the time of your death to avoid having their value included in your estate for estate tax purposes.﻿﻿