Irrevocable Life Insurance Trust PC1350-Digital

RISK MANAGEMENT

LIFE INSURANCE

BENEFITS OF AN ILIT   A PREMIUM CAN PURCHASE A LARGE DEATH BENEFIT FOR A RELATIVELY HEALTHY INDIVIDUAL   AN ILIT CAN PROVIDE LIQUIDITY TO AN ESTATE FOR THE PURPOSE OF PAYING ESTATE TAXES   BECAUSE ILITS ARE NOT CONSIDERED TO BE OWNED BY BENEFICIARIES, THEY PROVIDE A LEVEL OF ASSET PROTECTION AGAINST LEGAL CLAIMS AND CREDITORS   IT IS HARD FOR COURTS TO ATTACH THEM AS ASSETS OF THE BENEFICIARY, MAKING ILITS DIFFICULT FOR CREDITORS TO ACCESS   LIFE INSURANCE PROCEEDS ARE GENERALLY NOT SUBJECT TO ESTATE INCOME OR CAPITAL GAINS TAXES FOR THE BENEFICIARIES   THE GRANTOR MAY CONTROL HOW THE ASSETS ARE MANAGED AND DISTRIBUTED TO THE BENEFICIARY

Contact a Commerce Trust advisor to discuss your needs and learn how an irrevocable life insurance trust can help you achieve your gifting goals. 1-855-295-7821 | commercetrustcompany.com

Wealth | Investments | Planning Commerce Trust Company

Commerce Trust Company is a division of Commerce Bank.

NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE

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