A life insurance trust is a trust that typically holds only insurance policies on the life of the grantor.  The trust is named beneficiary of the insurance policy.  At the grantor’s death, the proceeds are paid to the trust.  AmeriServ, as trustee, administers the trust in accordance with the trust agreement that you create.  The trust will be invested, and disbursements from the trust will be made in accordance with your wishes and the language within the document. In addition, irrevocable life insurance trusts are still a great way to effectively avoid estate taxes. We would be happy to discuss its advantages with you. 
To learn more about Life Insurance Trusts, you can call us toll free at 800-837-2265 or send us an email. 

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