A life insurance trust is a form of trust which is both the owner and the beneficiary of one or more life insurance policies. It an irrevocable and non-amendable trust.

A life insurance trust is an irrevocable, non-amendable trust which is both the owner and beneficiary of one or more life insurance policies. Upon the death of the insured, the trustee invests the insurance proceeds and administers the trust for one or more beneficiaries.

(Moved from discussion comments below)

What is security trust life insurance company macon Gao

No to avoid estate tax penalty

Life insurance proceeds paid to a beneficiary is not taxable. However, if the life insurance beneficiary is a trust or estate, there may be some tax implications.

A life insurance policy is an excellent way to fund a trust. Any way of placing necessary funds into the trust are acceptable. If you have cash and wish to fund it with cash this is fine. Life insurance is a good way to fund a trust because you can pay premiums and be assured that the money will be there when you die to fund a trust that you want to set up for someone.

If you are an individual who receives the life insurance proceeds, you may not have to pay any federal income taxes on the benefits. If the life insurance policy names a trust as beneficiary, the trust may be subject to estate taxes.

never in the hols world

Someone can find more information about life insurance from a number of companies such as All State Insurance, Geico Insurance, RBC Insurance, and TD Canada Trust Insurance.

Usually not. But it depends on the trust. But 99.9% of the time, no.

Piedmont Southern Life Insurance Co. merged with Georgia International Life Insurance Co which became Integon, then Security Life and Trust, then Soutwestern Life, then finally merged with Valey Forge Insurance Co in Chicago.

National Trust Life Insurance Co. was placed into receivership by the state insurance department due to financial insolvency. This means that the company was unable to meet its financial obligations to policyholders. As a result, the state insurance department took control of the company's assets and liabilities to protect the interests of policyholders and ensure a fair distribution of remaining funds.

The Guarantee Trust Life Insurance Company was founded in 1936 in Glenview, Illinois. They serve individuals and families in forty-nine states and the District of Columbia.

The main use for an insurance trust is that it will reduce the size or even eliminate any estate taxes that one may have - it's mainly for those who may have a large life insurance policy.

In order to receive life insurance death benefit money, you must be named as a beneficiary in the life insurance policy with some exceptions.

Some exceptions to this may be:

All the named beneficiaries are not living. In this case, the life insurance benefit would become part of the estate and be paid out according to the will or trust.

If the life insurance was payable to a Trust, then the Trust determines who receives the proceeds.

If the insured party dies and there are no beneficiaries alive and there is no will or trust, then the state probate court would determine who gets the proceeds.

Feel free to ask more.

Brian Lombardo, CPA, Agent

In order to find a trust with life insurance proceeds the trust must be named as the beneficiary of the insurance policy. Then the trust documents specify what the funds are used for that are in the trust. If there are other life insurance policies that are still active and have other individuals named as the beneficiaries then the money from those policies cannot be placed into the trust and will be paid directly to the current beneficiary listed with the insurance company. The trust will have no claim whatsoever on these policies. It could be that these policies had their beneficiary changed when the trust was set up and the trust is the current beneficiary of them as well and he just didn't put the change form in the policy. Whatever is on record with the insurance company will be the person that the benefits are paid to no matter what.

No. Life insurance proceeds are not taxable. However, depending on the trust, the earnings, if any, while in the trust may well be.

Direct life insurance is offered through several mediums - commericals with a phone number to call, through the mail, and on the internet. There are several life insurance companies that provide direct life insurance through any one or all of the mediums listed above. Some direct life insurance writers include the following: RBC Insurance, HSBC Insurance, Liberty Life Insurance, Garden State Life, Colonial Penn, Gerber Life, Stonebridge Life Insurance and Guaranty Trust Life Insurance.

The grantors of an irrevocable trust can take out life insurance on themselves and put it (term or whole life insurance) in the trust in order to pay the estate taxes on their estate assets when they die. This allows the grantor (giver of assets) to leave his estate assets to his children or someone else (beneficiaries) without them having to pay estate tax, or death tax as some call it.

YES

A life insurance trust is used to remove the assets and death benefit of the life insurance policy out of the insured's estate for estate tax purposes. If the insured were to remain the owner of the policy, the policy procedes would be estate taxable at the time of death. This is a non-issue if your assets are less the the allowable estate tax limits.

Mutual Trust is now Met Life, and they are actively redeeming these policies. If you have death certificates and sundry other proofs, which they list, they will pay up on the policy. Be sure to check their website for more information.

Well, it seems that People's Home Life Insurance Company of Indiana was placed into liquidation by the Indiana Department of Insurance. Sometimes companies face challenges, but it's important to remember that change can lead to new beginnings and opportunities. Take a deep breath, trust in the process, and know that brighter days are ahead.

there are two types of insurance

1. Life insurance

2. General insurance

there are two types of insurance

1. Life insurance

2. General insurance

Globe Life insurance own some Peninsular Life Insurance company @ 1-800-654-5433

People's Trust Insurance Company was created in 2006.

On life insurance you can get terms ranging from 1 year to 50 years.

No. You can have anyone you want be the beneficiary. A trust, church, or any person you choose can be your beneficiary.

Yes, Esurance does offer life insurance. You can get a life insurance quote online or call them at 1-866-761-5612 during the business hours listed on their website.

Not to be vague, but anybody or anything that is named as the beneficiary will receive the life insurance proceeds. This could be a person, a trust, a charity, or an institution.

Typically, the money from a joint life insurance policy is intended to cover estate taxes, but doesn't have to be used for that purpose.

Trust Us with Your Life - 2012 Serena Williams 1-1 was released on:

USA: 10 July 2012

It depends on who the insurance policy has named as a beneficiary. If the student is listed as the beneficiary then they can spend it however they like. If the beneficiary is a trust then the trust may have stipulations as to how it can be spent and the trustee would then be charged with spending it correctly. All of this would be spelled out in a will or trust.

EFFECTIVE OCTOBER 1, 1997 GEORGIA INTERNATIONAL LIFE INSURANCE COMPANY MERGED WITH AND INTO INTEGON LIFE INSURANCE CORPORATION. EFFECTIVE APRIL 30, 1998 INTEGON LIFE INSURANCE CORPORATION CHANGED THEIR NAME TO SECURITY LIFE AND TRUST INSURANCE COMPANY. SECURITY LIFE & TRUST INSURANCE COMPANY MERGED WITH AND INTO SOUTHWESTERN LIFE INSURANCE COMPANY, THE SURVIVING COMPANY, EFFECTIVE JUNE 30, 2000. FFECTIVE 12/28/2006, SOUTHWESTERN LIFE INSURANCE CO. MERGED WITH AND INTO VALLEY FORGE INSURANCE CO. Valley Forge Insurance Company 333 S. Wabash, 32S Chicago, IL 60685 877-584-1260 www.cna.com Please contact our office again if you have any additional questions or concerns. Sincerely, Keith Shadix, Supervisor - Intake Unit Consumer Services Division Georgia Department of Insurance Suite 716, West Tower 2 Martin Luther King, Jr., Drive Atlanta, Georgia 30334 Fax 404-657-8542

The Life of Riley - 1949 Insurance 1-17 was released on:

USA: 24 January 1950

If you have a living trusts and an umbrella insurance policy can the trust be sued in an auto accident.

National Benefit Life Insurance 1-800-222-2062

Yes You may buy term life insurance. You can compare rates and plans online from a life insurance quote service. Or, you may want to contact a life insurance agent in your area to request free quotes for term life insurance and learn more. Term life insurance provides temporary life insurance protection for 1-30 years, usually.

It's always best to plan ahead of time like getting a life insurance for yourself. One of the top firms that I trust the most to buy life insurance from is MetLife because its reliable and friendly customer service.

The 3 types of life insurance policies are :-
1. Endowment.
2. Whole Life.
3. Term Assurance.

The State Life Insurance Corporation, which was founded on November 1, 1972, operates in Pakistan. The headquarters of State Life Insurance Corporation are based in Karachi.

General Lines/ Health,Life,accident insurance

license to sell life,casualty, and health insurance

No one. Each child will be able to collect their share of the money when they are 18. The money for the minor child will be kept by the insurance company until the minor turns 18. This is why it is not a good idea to name minors as beneficiaries of life insurance policies if the money would be necessary for the upbringing of the child. Either name an adult that you trust or create a life insurance trust to be named as the beneficiary.

Term life insurance is a form of temporary life insurance that provides coverage for a specific number of years. Term life insurance is available for 1-40 years, depending on your health and age. Term life insurance is usually purchased for 1, 15, 20 or 30 years. Term life insurance builds no cash value within the policy. Term life insurance is "Pure Protection". You pay only for the life insurance. If you outlive your policy term, the coverage expires. Level term life insurance is the most common form of term life insurance. Level term offers premiums and coverage amount that remain the same each year for the entire term of your policy.

The main objective of taking a life insurance policy is to provide a benefit (lump sum of money) to a beneficiary (family, business, charity, trust) in the event of premature death of the insured.

No, term insurance is not the most expensive type of life insurance.

Usually, term insurance is the most affordable type of life insurance.

Term life insurance usually costs 2-3 times less than permanent life insurance.

Why? because term life is temporary coverage, usually for 1-30 years, and it builds no cash value inside the policy.

See for yourself:

Free term life insurance quotes at QualityTermLife's website.

Trust Us with Your Life - 2012 The Osbournes 1-2 was released on:

USA: 10 July 2012

It is usually not necessary to put ownership of Life Insurance into your living trust. I normally recommend that the policy be kept outside the trust as the proceeds will pass without probate. Discuss the tax considerations of who should be the owner with a tax professional familiar with estate taxes.

I normally recommend that your spouse (if married) be the principal beneficiary of the insurance with your living trust as the contingent or secondary beneficiary. This way, if your spouse precedes you in death, the policy will pay proceeds to the trust which will distribute the proceeds with the rest of your estate exactly as you have planned without probate.