保险金信托是结合保险与信托的金融商品，以保险金为信托财产，由保险受益人和信托机构（通常是银行）签订保险金信托契约，当被保险人身故且理赔金进入信托时，信托机构（受托人）依信托契约的约定管理、运用，并依照信托契约之约定，将信托财产（包括收益）分配给受益人，并于信托期间终止时，交付剩余资产给付予信托受益人。

税赋的方面依照不同的国家有不同的税赋规定

A life insurance trust is an irrevocable, non-amendable trust which is both the owner and beneficiary of one or more life insurance policies. Upon the death of the insured, the Trustee invests the insurance proceeds and administers the trust for one or more beneficiaries. If the trust owns insurance on the life of a married person, the non-insured spouse and children are often beneficiaries of the insurance trust. If the trust owns "second to die" or survivorship insurance which only pays when both spouses are deceased, only the children would be beneficiaries of the insurance trust.