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.
Selected Provisions of the American Taxpayer Relief Act of 2012
The experts of Tax Facts have produced this comprehensive analysis of selected provisions of the American Taxpayer Relief Act of 2012 (the Act) to provide the most up-to-date information to our subscribers. This supplement analyzes important changes to the tax code with emphasis on how these developments impact Tax Facts’ major areas of focus: Employee Benefits, Insurance, and Investments.
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.
Warning on VAs to Advisors: Be Afraid. Be Very Afraid.
Glenn Daily, insurance expert and variable annuity dissenter, says the complexity of these products’ guaranteed benefits is beyond most advisors’ ability to assess.
The Life Insurance Fiscal Cliff: No Tax Preference Is Safe
The potential elimination of many tax preferences currently afforded life insurance is one facet of today’s fiscal cliff discussions that is often overlooked. In today’s political environment, no tax preference is safe.