Make Sure You Select the Right Insurance Company
Insurance companies are in the business of making money. And, although they offer a very important service in our society, ... Read More
TOLI: Qualifying for Gift Tax Exclusion
Transferring an existing life insurance policy to a Life Insurance Trust without getting anything in return is a gift. If ... Read More
Why Purchasing a New Policy is Better than Transferring an Existing Policy to a Life Insurance Trust
The insured must never have any incidents of ownership in their insurance policy to prevent that policy from being included ... Read More
Transferring an Existing Policy to a Life Insurance Trust
If an existing insurance policy is transferred to a trust (or TOLI), the proceeds will be included in the insured’s ... Read More