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

双语律师Pablo，国际知名法学院法律专业，擅长翻译涉及高端品牌及消费品领域的法律文件。