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Archive for the ‘irrevocable life insurance’ Category

Irrevocable Life Insurance Dynasty Trust — Basics

Posted by admin On May - 3 - 2012

Summary: An irrevocable life insurance trust (ILIT) comprises two main parts: (1) an irrevocable asset protection trust; and (2) a life insurance policy owned by the trust. An international ILIT is better than a domestic ILIT because it is more flexible and less expensive. Private placement life insurance (PPLI) serves as a “wrapper” around a […]