A solar array consists of one or many such panels. A photovoltaic array, or solar array, is a linked collection of solar panels. The power that one module can produce is seldom enough to meet requirements of a home or a business, so the modules are linked together to form an array.
The policy owner is the contract owner and is, in many cases, also the life insured. The policy owner has most of the rights in the contract such as the right to designate a named beneficiary and make changes to that designation at any time.
It owns your life insurance policy for you, removing it from your estate. As its name suggests, the Irrevocable Life Insurance Trust (ILIT) is irrevocable. That means once you've created it and placed an insurance policy inside it, you can't take the policy back in your own name.