How To Write Life Insurance Into Trust?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    To write life insurance into trust, you first must form an Irrevocable Life Insurance Trust (ILIT) with the help of your lawyer. Set up the trust carefully and choose a person you can trust to be the trustee, because you will lose control over the policy and the trust once it is set up. Then purchase a new, permanent life insurance policy, or transfer one or more existing permanent life insurance policies into the trust with the help of your life insurance agent.
    Answered on June 27, 2013
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