List Of Irrevocable Life Insurance Trust 2023. An irrevocable life insurance trust, or ilit, is a financial tool used to manage life insurance policies and allocate benefits when you pass away. Web irrevocable life insurance trust.
Web an irrevocable life insurance trust is a legal entity that owns a life insurance policy on the grantor's life and cannot be changed or revoked. Web an ilit is an irrevocable trust that you create to hold a life insurance policy on your life. | last reviewed september 16, 2023 this article has been written.
