life insurance trust

A trust consisting of one or more life-insurance policies payable to the trust when the insured dies. [Cases: Trusts 37. C.J.S. Trover and Conversion § 60.]

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词条贡献者

法律翻译徐玲，知名法学院保险法专业，专注翻译各类与保险追偿有关的法律文件。