Core Insights - The article discusses the concept of insurance trust as a wealth management tool, highlighting its advantages in asset protection and inheritance planning [1][4]. Group 1: Insurance Trust Overview - Insurance trust combines the risk protection of insurance with the asset isolation and flexible distribution features of trusts [2]. - The process involves the client establishing an insurance contract and transferring the rights and corresponding funds to a trust company for management [2]. Group 2: Advantages of Insurance Trust - Compared to a fixed annuity plan, insurance trusts offer significant advantages, such as tailored distribution plans based on the client's wishes [2]. - For example, specific conditions can be set for beneficiaries, allowing for controlled disbursement of funds based on their behavior and achievements [2]. Group 3: Real-World Applications - A case study illustrates a CEO using an insurance trust to ensure that insurance payouts are managed effectively for his family, preventing misuse of funds [3]. - The trust allows for annual adjustments to living expenses based on economic conditions, ensuring ongoing financial support for beneficiaries [3]. Group 4: Market Trends and Future Outlook - The insurance trust market in China is experiencing rapid growth, with increasing client numbers and recognition of its benefits for wealth transfer and long-term care for beneficiaries [4]. - Despite its advantages, there is a need for greater public awareness and understanding of insurance trusts, as many families still view it as a foreign concept [4][5].