As its name implies, group universal life combines the economy of scale and other advantages of group coverage with the … Read more
Proceeds of group term life insurance are includable in the insured’s estate if they are payable to or for the … Read more
At one time, Code section 2039(c) provided an unlimited exclusion for the amount distributed at a participant’s death from a … Read more
Before you let that old, unwanted life insurance policy lapse, it may be wise to check all of your options. … Read more
Selling one’s life insurance policy for a life settlement is a good decision if the insured has been diagnosed with … Read more
People living with a terminal illness are often faced with very tough financial decisions, and selling their life insurance policy for a viatical settlement can help ease some financial worry. It was originally intended for AIDS patients to have early access to their life insurance policies, but has expanded to include other conditions such as cancer, heart disease, and any other life-threatening illness.
Equity-indexed life insurance (EIUL) is a newer form of universal life, which combines elements of variable insurance into the mix. Most EIUL policies, unlike traditional universal life, have two separate accounts that can be used to credit interest. One account has a fixed interest rate that is declared by the insurance issuer, periodically. The other provides an equity option, which offers you the opportunity to benefit from positive equity/stock market returns.