What is a Life Insurance Trust?
These special purpose trusts involve the use of life insurance as a wealth replacement or wealth enhancement tool in the event of your untimely death. The trust agreement itself must be carefully written to comply with tax and legal requirements, as well as with the grantor’s wishes.
As Trustee or Successor Trustee, our primary services would be to:
- Arrange for payment of insurance premiums
- Assist in changing the beneficiary on insurance policies and obtaining confirmation of the change
- Provide any required periodic notification to beneficiaries
- Upon the death of the insured, distribute proceeds in accordance with provisions of the trust agreement
How can I get started?
Call 1-888-518-7878 or contact us today!
Some investment products and services are not deposits, obligations or guaranteed by the bank; not insured by the FDIC or any other governmental agency, and may be subject to investment risk including potential principal loss.