Prohibition Against Investing In Life Insurance Clause Samples
The Prohibition Against Investing In Life Insurance clause explicitly forbids parties from using funds or assets governed by the agreement to purchase or invest in life insurance policies. In practice, this means that any capital, trust assets, or investment portfolios covered by the contract cannot be allocated toward life insurance products, regardless of their type or purpose. This clause is typically included to ensure that assets are managed in accordance with the intended investment strategy and to prevent the use of funds for purposes that may not align with the beneficiaries' interests or the agreement's objectives.
Prohibition Against Investing In Life Insurance. No part of the Deemed IRA assets (whether or not the Deemed IRA Account is separate from the Employer’s Qualified Plan) used to hold Deemed IRA contributions will be invested in life insurance contacts.
Prohibition Against Investing In Life Insurance. No part of the trust or custodial assets will be invested in life insurance contacts.