The trust company manages, uses and disposes of the trust property according to the trust contract signed with the client, so as to realize the continuation and performance of the client's will. Insurance trust is a cross-disciplinary trust service that combines insurance and trust affairs management services, not a wealth management product.
Extended data
When the insurance beneficiaries are: minors, mentally retarded people and the elderly, such people are particularly suitable for insurance trusts because of their weak working ability, difficult living, weak ability to arrange and use funds and easy use by some people with ulterior motives.
When there are many beneficiaries, or the insured has special funds (such as public welfare), the insured can also use the insurance trust. For example, when purchasing life insurance, the insured should have been able to estimate the economic security that the beneficiary may need, and the trust benefits that the beneficiary of the insurance trust can obtain in the future can be determined through the trust, and the extra money can be designated for public trust.