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One asset protection strategy is an irrevocable life insurance trust, or ILIT. Here's what to know about this financial product. "An irrevocable life insurance trust is a type of trust that is ...

Sean McCann, chartered financial planner at NFU Mutual, explained: “There are two main reasons for putting a life insurance policy into trust. The first is to put any potential payout outside ...

But the mutual insurers on this list have been paying dividends to policyholders since the 19th century. Why trust NerdWallet 1,413 life insurance rates sets collected. 441 life insurers analyzed ...