Plenty of people have talked to you about life insurance, but what’s the difference between standard life insurance and an Irrevocable Life Insurance Trust (ILIT)? Life insurance can support your family after you’re gone, but an ILIT allows you to designate when and how portions of your money are used after your death. Watch this short video to learn about the benefits of an ILIT compared to traditional life insurance and understand the consequences of having no life insurance at all.
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