Life insurance can be a complex product, and it’s important to research the options thoroughly before purchasing. Some common ...

If you want to update a cash-value life insurance policy or annuity, you may have heard of the 1035 exchange. This IRS provision, based on Section 1035(a)(3) of the IRS code, allows you to exchange ...

The Internal Revenue Service issued Revenue Procedure 2005-25 on April 8, providing additional guidance on determining the fair market value (FMV) of a life insurance contract distributed by a ...

Planning Point: By linking two distinctly fundamental needs, such products have earned the moniker “combination”, “hybrid”, “linked-benefit” or “asset-based long-term care”. There is no legal ...

Transfers of property after June 30, 1969 in connection with the performance of services are governed by IRC Section 83. For transfers before February 13, 2004, Treasury Regulation Section 1.83-3(e) ...

Insurance is part of the three major life cycle risks: a premature death; long life (old age, longevity); and our wellbeing (health risks, disabilities, loss of earning capacity, and unemployment).

The IRS recently published a private letter ruling (No. 202341002) dealing with the tax treatment of advisory fees paid to an adviser from an “adviser life insurance contract.” Specifically, the ...

Our top picks include State Farm, Ethos and Lantern.

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Life insurance is a crucial risk management tool within any ...