What Is A Life Insurance Trust Fund?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    A Life Insurance Trust Fund is a trust that holds a life insurance policy or policies. The fund actually does not hold cash except what exists in the policy, and the only cash paid into it is to pay the premiums of the policy and cover any expenses the trust may incur. It is upon the death of the Grantor-Insured that the death benefit is paid to the trust and distributed according to the terms set forth in the trust.
    Answered on June 24, 2013
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