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.
Protecting Life Insurance Beneficiaries From a Windfall
Do your clients want to control how their beneficiaries get death benefits? A new trend in product offerings may be of service.
The Life Insurance College Savings Bank
Your clients may not be aware of the possibility of using life insurance as a college savings tool.
What Makes a Smart Insurance Consumer?
A survey by LIMRA found most consumers have a limited understanding of life insurance and identified what factors make for an informed consumer.
Fiscal Cliff Law: Clients’ Taxes, What’s Next, and How to Plan
All you need to know about the American Taxpayer Relief Act—both good and bad—and how it will affect your clients and their planning.