Abstract: As China's economic development entering the new normal stage, the insurance industry and the trust industry have entered a new period of industrial development. Since 2016, the premium growth rate of China's insurance industry has slowed down, and the original channel business of the trust industry has been limited heavily as a result of the fierce competition of wealth management business and the diversion of the overlaid regulatory policies. Therefore, returning to the industry origin and looking for the new growth points have become the urgent need for the development of the industries. With the strength of integrating the advantages of the insurance industry and the trust industry, and because of possessing such functions as tax planning, professional asset management, flexible distribution, wealth inheritance and so on, the insurance trust is placed with great hopes by the insurance industry and the trust industry. However, due to the weak foundation of theoretical researches and practice, China's insurance trust has not yet formed a sustainable business model at present. Therefore, drawing on the theories and practical experiences from foreign countries and regions is conductive for China's insurance trust to break the development limits and the theoretical disputes and to form a better business development model.

Key words: insurance trust, irrevocable trust life insurance, wealth management