Life Insurance Trust
A life insurance trust is designed to hold and manage life insurance policies outside of direct ownership as part of a broader estate and legacy plan. This type of trust can help provide clear direction for how life insurance benefits are managed and distributed in the future.
Why Families Consider a Life Insurance Trust
- May help support estate and tax planning strategies
- Provides structure for how life insurance proceeds are distributed
- Can help preserve assets for future generations
- May support long-term family and legacy planning goals
Because life insurance trusts often require ongoing administration and documentation, having an experienced and neutral trustee can help provide consistent oversight and management over time. State Bank & Trust Co. may serve as trustee to help ensure the trust is administered according to its intended purpose.
Non-deposit investment products are not insured by FDIC, not a deposit or other obligation of, or guaranteed by State Bank & Trust Co., and may be subject to investment risk, including possible loss of the principal amount invested.
