Insurance in Small Business Sucession Planning
The Tax Facts Online experts help explain the details of buy-sell agreements in business succession planning.
How to Get Tax-Free Retirement Income With Life Insurance
Life insurance can be a tough sell for advisors with clients who see it as an expense rather than an investment.
Now Entering the Retirement Income Game: Universal Life
Insurers are adding guaranteed income withdrawal riders to their universal life policies. They can be good for clients, but understand the risks and likely premiums.
LTC’s Future Lies in New Crop of Hybrid Products
New asset-based long-term care insurance products can allow your clients to obtain affordable coverage on an almost risk-free basis.
Gifting Life Insurance Policies: Not a Simple Matter
The transfer for value rule can create a serious tax trap for a client who transfers a life insurance policy subject to a policy loan.
The Clock Is Ticking on GRATs
The current low interest rate environment may present a problem for many planning scenarios, but a grantor retained annuity trust can actually thrive in such an environment, at least for now.
In Medicaid Planning, Don’t Surrender Life Insurance—Trade It for LTC Instead
Your clients who are nearing retirement age might often wonder why they bother maintaining the life insurance policies they’ve funded for years. But under some recent state proposals, owning a life insurance policy can actually help clients in LTC planning.
The Value of Variable Life Insurance: Surrender Charges and Fair Market Value
According to the IRS, the policy value equals the cash value of the policy without regard to any surrender charges. So what do your clients have to include in income if the actual cash surrender value of their life insurance policy is negative?
Top Portfolio Products: New Target Volatility Portfolio From Fidelity
New products introduced over the last week include a new target volatility portfolio by Fidelity and a new emerging-markets local debt portfolio from Invesco PowerShares.
Health Care and Taxes, Pt. 2: Long-Term Care Insurance
The experts at Tax Facts Online discuss whether long-term care insurance premiums are tax deductible.