How to Avoid Transfer for Value Problems for Business Uses of Joint Life (First to Die) LIfe Insurance
The transfer for value rule essentially says that death benefits will be subject to income tax to the extent they … Read more
Joint Life (First to Die) Life Insurance
Business Uses of Joint Life (First to Die) Life Insurance
Proper planning of ownership and other policy rights is always an important concern with any life insurance policy to insure … Read more
How to Select the Best Joint Life (First to Die) Life Insurance Policy
As with any type of insurance policy, the insurer’s ability to pay as measured by its financial strength and stability … Read more
Alternatives to Joint Life (First to Die) Life Insurance
The principal alternative for a Joint Life (JL) policy is separate single-life policies on each insured. If the need for … Read more
Tax Implications of Joint Life (First to Die) LIfe Insurance
Taxes come in many forms, even in life insurance. This article breaks down the taxes involved with Joint Life (JL) … Read more
Advantages and Disadvantages of Joint Life (First to Die) LIfe Insurance
Understanding the advantages and disadvantages of Joint Life (JL) can help any consumer make a more educated decision of what … Read more
When to Use Joint Life (First to Die) Life Insurance
In the dual-income family market – Joint Life (JL) may provide a cost-effective means of replacing income at the first … Read more
What is Joint Life (First to Die) Life Insurance?
Understanding Joint Life (JL) insurance, which is sometimes called multi-life insurance, begins with its purpose of first-to-die coverage on two … Read more