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unfunded life insurance trust

noun
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Definition of unfunded life insurance trust

: a life insurance trust under which the insured agrees to pay the premiums on the subject policies during his or her lifetime

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“Unfunded life insurance trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unfunded%20life%20insurance%20trust. Accessed 21 Jun. 2021.

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