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Glossary Item Box
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If you are proposing to transfer the client's existing insurance policy to an Irrevocable Life Insurance Trust (ILIT), select Transfer Policy to Irrevocable Life Insurance Trust (ILIT) as the proposed change on the "Transfer Policy to Trust/Charity" tab.
| See Also |
How a Life Insurance Trust Works | Irrevocable Life Insurance Trusts | Transferring a Policy to an ILIT | Irrevocable Trust and Executive Bonus (Illustration) | Irrevocable Trust and Split Dollar (Illustration)
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