Life Insurance Sales Strategies

—  Taxes  |  Business Succession  |  Retirement and more . . .

 

The Tax Advantages of Life Insurance

 

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Key Person Life Insurance

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Retirement Buy-Sell Life Insurance

DEFINITION of 'Transfer-For-Value Rule': The stipulation that, if a life insurance policy (or any interest in that policy) is transferred for something of value (money, property, etc.), a portion of the death benefit is subject to be taxed as ordinary income. This portion is equal to the death benefit minus the item(s) of value, as well as any premiums paid by the transferee at the time of the transfer. For example, if John Doe sells his $250,000 life insurance policy that he has paid $10,000 in premiums on to Jane Doe for $5,000, the amount subject to income tax is $235,000 ($250,000-$10,000-$5,000). Investopedia

 

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IRA-Funded Life Insurance

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Executive Bonus PlanQuestions »

 

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Annuity-Funded Life Insurance to Save Taxes

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Dynasy Trust Funded with Life Insurance to Minimize Taxes

 

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Spousal Lifetime Access Trust to Minimize Taxes

 

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Leveraged Credit Shelter Trust can avoid Estate and Income TaxesQuestions »

 

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Split-Funded Defined Benefit Plans to Minimize Taxes

 

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