Universal Life Insurance Posts

What Are The Different Types of Life Insurance Policies?

Life insurance policies can be very simple or extremely complex given the circumstances. Much of this is a function of the type of policy and how it is being used.

Irrevocable Life Insurance Trust (ILIT) for Estate Planning

Life insurance owned by an irrevocable life insurance trust (ILIT) can be the easiest and most efficient way to reduce estate taxes and preserve your wealth.

What is a Life Insurance Retirement Plan (LIRP) and How Does it Work?

A Life Insurance Retirement Plan (or LIRP) is a tax-efficient way for individuals to save for retirement by providing income you can enjoy during your lifetime.

The Benefits of a Life Insurance 1035 Exchange

A life insurance 1035 Exchange is a tax-free transfer of policy values from a life insurance or annuity policy to a new policy. This allows policy owners to avoid taxation on policy gains from the old policy to the new policy. Section 1035 of the Internal Revenue...

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