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.]

---

词条贡献者

资深译员Lisa，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与私募股权与投资基金有关的法律文件。