A life settlement is a transaction where an existing life insurance policy is sold to a third-party for fair market value.
While some people may grimace at the idea of having somebody else own an insurance policy on their lives, others will gladly accept the risk based on how much a buyer may be willing to pay to own the policy.
Life insurance premium financing allows ultra-affluent families to secure life insurance coverage by borrowing ongoing premium payments.
When taking advantage of premium financed life insurance – the bank makes premium payments to the insurance company.
Indexed Universal Life Insurance offers a unique alternative to more traditional permanent life insurance policies.
Indexed universal life insurance can provide indexed market returns while limiting downside risk. This in turn can impact the amount of premium, numbers of years to pay premium, and/or policy cash value.
Internal Revenue Code Section 7702 provides definitions and guidelines for what is and is not considered a permanent life insurance policy.
A Section 7702 Plan is a term used by promoters and marketers to disguise the fact their trying to sell you life insurance. These deceptive practices are deplorable and ignorant.
A Restricted Property Trust provides business owners and/or key executives with tax-favored, long-term cash accumulation and income distribution.
Discover how Bob was able to reduce his taxable income by utilizing a Restricted Property Trust.
The Ultimate Guide to Life Insurance Premium Financing (Ultra Affluent Families, This One’s For You…)
Life insurance premium financing enables an owner of a life insurance policy to borrow money to pay premiums.
The premise is simple. An affluent family needs life insurance. However, they aren’t interested in making the require premium payments to secure the coverage.
Earlier this month the IRS and Treasury Department issued proposed regulations that could significantly limit the valuation discount used by many wealthy families for estate and gift tax valuations.
This would eliminate a number of techniques focused on helping wealthy families reduce estate and gift taxes.
In the world of life insurance – term life insurance is the easiest to understand and it is the type of coverage most people need.
Term life insurance is designed to provide coverage for a predetermined period of time.