What is an ILIT (irrevocable life insurance trust)?
Quick Answer
An irrevocable life insurance trust (ILIT) owns your life insurance policy so the death benefit passes to heirs free of federal estate tax — potentially saving up to 40% on multi-million-dollar policies.
Warren Team
Updated March 20, 2026
35
Warren Team
Updated March 20, 2026
35
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The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
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