Permanent Life insurance and the use of Personal Life Insurance
March 3, 2011 by admin
Filed under Permanent Life Insurance
All the money one can save just seems to not be enough. No matter how much money a person has managed to save, it is seldom enough to meet either routine or extraordinary expenses of survivors immediately after the death of a provider. Some of the major financial requirements that can be satisfied by the […]
1035 Transfer
February 25, 2011 by admin
Filed under Other Types of Life Insurance
1035 refers to a provision in the tax code which allows for the direct transfer of accumulated funds in a life insurance policy, endowment policy, annuity policy to another life insurance policy, endowment policy or annuity contract without creating a taxable event. Title 26, Subtitle A, Chapter 1, Sub chapter O, Part III, Section 1035 […]