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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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Living Trust

​A trust created with property transferred during lifetime. With a living trust: the grantor can terminate the trust at will and regain ownership of the property, or he/she can give up ownership and control permanently. There are two types of living trusts: Revocable and Irrevocable.