Life Insurance Trust

Definition of "Life insurance trust"

Gayatri " Gina" Patel real estate agent
Gayatri " Gina" Patel, Real Estate Agent RE/MAX BAY TO BAY

Agreement establishing a trust for the named beneficiary under a life insurance policy. Upon the death of the insured, the trust has the legal obligation to pay the policy proceeds in the manner stipulated in the trust agreement.

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