Question
In: Finance
A life insurance trust is often named the beneficiary of a life insurance policy it holds...
A life insurance trust is often named the beneficiary of a life insurance policy it holds for which of the following reasons?
a. It can provide greater flexibility than is available under insurance settlement options
b. It can eliminate a second estate tax upon the death of the beneficiaries.
c. It can incorporate special limitations and restrictions on the funds designed to be paid to specific beneficiaries.
d. All of the above
Solutions
Expert Solution
d.All of the above.
The life insurane trust is often named the beneficiary due to all of the given reasons;
a. It can provide greater flexibility than is available under insurance settlement options
b. It can eliminate a second estate tax upon the death of the beneficiaries.
c. It can incorporate special limitations and restrictions on the funds designed to be paid to specific beneficiaries.
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