5 Smart Investing Strategies The slideshow presentation that you would like to view is too large for your current screen resolution. Click here to view to view the slideshow at full resolution. Launch Presentation » Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content A Primer on Irrevocable Life Insurance Trusts Irrevocable life insurance trusts can be important tools that may accomplish a number of estate objectives. And the Executor Is The right executor may help ensure the distribution of your assets is done with as little upheaval as possible. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.