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First Life Financial Co., Inc. First Life Center 174 Salted Street, The Least Village, Marathi City, 1229 Philippines Tel. No. (632) 8933024 Fax No. (632) 3256789 Website: www.firstlife.com.ph LIFE

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What is life insurance trust deed?

A life insurance trust deed is a legal document that establishes a trust to hold and manage life insurance policies for the benefit of designated beneficiaries.

Who is required to file life insurance trust deed?

The person or entity creating the trust, known as the grantor, is required to file the life insurance trust deed.

How to fill out life insurance trust deed?

To fill out a life insurance trust deed, you will need to provide information about the grantor, beneficiaries, appointed trustee, life insurance policies being placed in the trust, and any specific instructions regarding the distribution of the trust assets.

What is the purpose of life insurance trust deed?

The purpose of a life insurance trust deed is to remove life insurance policies from the grantor's estate, thereby reducing estate taxes and ensuring that the policy proceeds are distributed according to the grantor's wishes.

What information must be reported on life insurance trust deed?

The life insurance trust deed typically requires information such as the names and addresses of the grantor and beneficiaries, details of the life insurance policies being placed in the trust, and provisions for the management and distribution of the trust assets.

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