Having life insurance proceeds go directly to a spouse or child may create more problems than it can solve. You do not know when your death will make available a sizable insurance check for your young bride or young child. It may be best to have protective measures in place to offer some control over the funds. By using an Irrevocable Life Insurance Trust, we can accomplish that goal. For this article, we will use the term ILIT when referring to an irrevocable life insurance trust.