Core Viewpoint - The article discusses the differences between insurance trust and family trust, highlighting the decreasing thresholds for establishing insurance trusts by insurance companies, making them more accessible to consumers [1][3][10]. Group 1: Definitions and Differences - Insurance trust is defined as a trust established by a trust company based on life insurance contracts and related rights, while family trust focuses on wealth protection and management for families [1][3]. - Family trusts require a minimum asset value of 10 million yuan, whereas insurance trusts can be established with lower thresholds, some as low as 1 million yuan [3][9]. - The main difference lies in the funding sources and the regulatory requirements, with family trusts typically funded by cash and insurance trusts linked to insurance policies [3][11]. Group 2: Trust Models - There are three main models of insurance trusts: 1.0, 2.0, and 3.0, each with varying levels of complexity and risk management [4][7]. - The 1.0 model involves the policyholder and the insured being the same person, while the 2.0 model changes both to the trust company, enhancing asset independence [5][7]. - The 3.0 model simplifies the process by allowing the family trust to directly instruct the trust company to purchase insurance, but it requires higher professional standards from institutions [7][9]. Group 3: Market Trends and Growth - The first insurance trust in mainland China was launched in 2014, and the market has seen significant growth since then [8][9]. - In January 2023, the new insurance trust scale reached 8.974 billion yuan, a 67.05% increase from the previous month [9]. - By mid-2024, the scale of new insurance trusts is expected to reach 40 billion yuan, indicating a growing trend in the market [9]. Group 4: Consumer Considerations - The complexity of insurance trusts requires consumers to seek legal assistance to ensure compliance and avoid potential pitfalls [11]. - The current promotional efforts by insurance companies aim to attract consumers by lowering the establishment thresholds for insurance trusts [10][11].