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Insurance Glossary

Industry jargon and unfamiliar terminology can be confusing.

No insurance resource would be complete without a helpful menu of terms and concepts. This information-rich list will help you make sense of the solutions you are considering.

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Will Trust

‚ÄčAlso known as a testamentary trust, it involves retention of ownership until death when property is passed to a trust through a will. Will trusts are driven more by the needs of the beneficiaries (particularly young beneficiaries) than by tax implications.‚Äč