Two main areas where permanent protection is essential is when you are using buy sell agreements for business succession or life insurance trusts for estate planning. (termlife2go.com)
A homeowners insurance policy that is sold through a special group insurance trust or employment - based group wherein members are included in a master policy. (freewayinsurance.com)
You can also name a life insurance trust as the beneficiary, and name the custodial parent as the trustee. (mozdex.com)