Achieving immortality on the installment plan

Article Abstract:

Life insurance policies can be used to give to charitable organizations in perpetuity while decreasing the tax burden on a person's estate. Using an insurance policy assigned to a charity allows the donor to deduct the fair market value of the policy from taxes, and gives the charity a larger amount than the donor might otherwise be able to give. The insured contributes a tax-deductible gift to the charity to pay the policy premium, and when the insured dies, the charity gets the benefits without the problems of probate.

Methods, Services, Column, Charitable contributions, Charitable donations

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Don't invite the tax man to estate settlements

Article Abstract:

Qualified retirement plan accumulations are subject to significant taxes that can be triggered by a number of events. Over 80% of a pension accumulation can be lost due to state and federal taxes and other penalties. The purchase of a life insurance policy outside of a plan can provide income tax and estate tax-free death benefits that replaces the amount lost to taxes. The policy must be held in a properly designed life insurance trust in order to provide these tax benefits.

Taxation, Qualified benefit plans

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Nonqualified planning: an emerging market

Article Abstract:

Nonqualified retirement planning will continue as a growth market for the life insurance industry. The aging of the US population and the increase in legislation to restrict tax-favored retirement plans are the reasons for this growth. Corporate executives will need assistance in setting up these plans. Life insurance professionals will be able to provide this assistance with careful analysis of client needs.

Retirement planning

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