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About Charitable Life Insurance Trusts Personal Trust IrrevocableACharitable Life Insurance Trust (CLIT) is an irrevocable tax-exempt trust with a charitable organization as the ultimate beneficiary.
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Charitable life insurance involves naming a charitable organization as the beneficiary of a life insurance policy.
Individuals who wish to donate the proceeds of their life insurance policy to a charitable organization are required to file about charitable life insurance.
To fill out about charitable life insurance, individuals must contact their insurance provider and request the necessary forms to designate a charitable organization as the beneficiary.
The purpose of about charitable life insurance is to ensure that a charitable organization receives the proceeds of a life insurance policy upon the policyholder's death.
Information that must be reported on about charitable life insurance includes the name of the charitable organization, policy details, and beneficiary designation.
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