insurance trust

Definition of "insurance trust"
  1. An arrangement where an insurance policy or any profits from it make up the primary asset
How to use "insurance trust" in a sentence
  1. Establishing an insurance trust can help manage the benefits received from an insurance policy upon death.
  2. The beneficiaries of the insurance trust received the proceeds from the decedent's life insurance policy.
  3. An insurance trust was set up to ensure the children's future financial stability should anything happen to their parents.

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