A life insurance trust and an ILIT are not competing products. The real decision is whether the policy should be trust-owned and whether irrevocability is necessary to support the planning outcome. This article breaks down the ownership, control, estate, and funding issues that actually decide the answer.

Permanent life insurance is rarely about returns or product selection at higher levels of wealth. Instead, it functions as strategic capital — a tool used to align liquidity with long-term liabilities, preserve ownership, and provide certainty when markets cannot.