The best reason for designating a trust as a life insurance policy beneficiary is to
A) make it possible to manage the policy proceeds for the long-term benefit of an individual or organization
B) make it possible to benefit an individual or organization that might have otherwise been ineligible to be a designated beneficiary
C) remove the policy proceeds from the insured's taxable estate
D) make it possible to accumulate income tax-free interest on the policy proceeds once they are paid into the trust"
Ans: A) make it possible to manage the policy proceeds for the long-term benefit of an individual or organization
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Indicate whether the statement is true or false.
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