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Which of the following is NOT a business use of life insuran…

Which of the following is NOT a business use of life insurance?

Published September 16, 2024
Categorized as Uncategorized

A “viatical settlement” is

A “viatical settlement” is

Published September 16, 2024
Categorized as Uncategorized

Variable Universal Life are especially suited for many busin…

Variable Universal Life are especially suited for many business insurance situations where flexibility and growth of cash value are attractive features.

Published September 16, 2024
Categorized as Uncategorized

No income tax deduction for premium payments is allowed if t…

No income tax deduction for premium payments is allowed if the taxpayer is a beneficiary under the policy.

Published September 16, 2024
Categorized as Uncategorized

JL is taxed differently than other types of life insurance i…

JL is taxed differently than other types of life insurance if the two lives that are insured are not individuals who are married to each other.

Published September 16, 2024
Categorized as Uncategorized

No-Lapse Universal Life (NLUL) and “regular” Universal Life…

No-Lapse Universal Life (NLUL) and “regular” Universal Life products are very similar products, with similar objectives and valuation methodologies.

Published September 16, 2024
Categorized as Uncategorized

A group life insurance plan must provide a death benefit tha…

A group life insurance plan must provide a death benefit that meets the definition of a life insurance contract.

Published September 16, 2024
Categorized as Uncategorized

Given the current size of the federal estate tax exemption,…

Given the current size of the federal estate tax exemption, estate tax inclusion of a policy is a concern for most purchasers of life insurance.

Published September 16, 2024
Categorized as Uncategorized

Variable annuities are taxed in the same manner as mutual fu…

Variable annuities are taxed in the same manner as mutual funds.

Published September 16, 2024
Categorized as Uncategorized

Under ATRA, the estate, gift, and GST exemption is now:

Under ATRA, the estate, gift, and GST exemption is now:

Published September 16, 2024
Categorized as Uncategorized

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