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Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

A type of life insurance policy where a trust company is named as the beneficiary and distributes the proceeds of the policy under the terms of the trust agreement.  2, record 1, English, - life%20insurance%20trust

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 CONT

On peut constituer une fiducie d'assurance-vie en procédant de trois façons, soit : 1. en établissant un contrat de fiducie distinct; 2. en incluant une clause de fiducie dans un testament; 3. en indiquant la mention «en fiducie» comme bénéficiaire d'une police d'assurance-vie.  1, record 1, French, - fiducie%20d%27assurance%2Dvie

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

Irrevocable trust created to receive the proceeds of a life insurance policy, normally established to avoid paying estate taxes. Trust assets are payable to the beneficiary at the death of the insured. A life insurance trust provides additional liquidity to the insured, but has the disadvantage that the person named as beneficiary cannot borrow against the policy, and must survive a gift to the trust by three years.  1, record 2, English, - insurance%20trust

Record 2,  Textual support,  French

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 OBS

See Statutes of Canada (S.C.), 1970, c.63, 56(1)  2, record 3, English, - life%20insurance%20policy%20proceeds

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 OBS

Voir les Statuts du Canada (S.C.), 1970, c.63, 56(1)  2, record 3, French, - produit%20d%27une%20police%20d%27assurance%2Dvie

Record 3,  Textual support,  Spanish