Alabama § 19-3B-818 - Life Insurance Policies Held by Trustee.
Full text of Alabama Code of Alabama § 19-3B-818 — Life Insurance Policies Held by Trustee., with citation guidance and answers to common questions.
§ 19-3B-818. Life Insurance Policies Held by Trustee.
A trustee may retain any life insurance policy contributed to a trust by a settlor, or purchased by the trustee upon the request of the settlor, as an asset of the trust without regard to any lack of diversification caused thereby and without regard to the terms and conditions of the life insurance policy. The trustee shall not be liable for lack of diversification to any beneficiary of a trust for the trustee’s retention of the life insurance policy.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 19-3B-818
What does Code of Alabama § 19-3B-818 cover?
Section 19-3B-818 ("Life Insurance Policies Held by Trustee.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 19-3B-818?
A common citation format is "Code of Alabama § 19-3B-818" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 19-3B-818 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.