Life Insurance Terms Glossary
ABSOLUTE ASSIGNMENT: A transfer of a policy through which the policyowner shifts full and absolute control and all policy rights … Read more
ABSOLUTE ASSIGNMENT: A transfer of a policy through which the policyowner shifts full and absolute control and all policy rights … Read more
If adequate interest (based on the Applicable Federal Rate or AFR) is charged on a loan arrangement, then Code section … Read more
A life insurance strategy called pension maximization or, sometimes pension enhancement may provide a more attractive overall benefits package for … Read more
Viatical Settlements The principal advantage is that terminally ill or severely chronically ill insureds can receive advanced payments on policy … Read more
Almost all individuals who establish irrevocable life insurance trusts are wealthy individuals. Many of these are super wealthy and are … Read more
Payment by a client of one or more premiums would be considered a gift if the policy itself was owned … Read more
Payment by a client of one or more premiums would be considered a gift if the policy itself was owned … Read more
Planners should red flag every situation where one party owns a life insurance policy on the life of another and … Read more
An outright gift of a life insurance policy is a time-tested technique for accomplishing a number of estate planning objectives … Read more
Variable Universal Life (VUL), which also is called flexible premium variable life or universal life, is a combination of universal … Read more