The Internal Revenue Service issued Revenue Procedure 2005-25 on April 8, providing additional guidance on determining the fair market value (FMV) of a life insurance contract distributed by a ...

Generally speaking, living proceeds are proceeds received during an insured’s lifetime. The rules in IRC Section 72 govern the income taxation of amounts received as living proceeds from life ...

Term life insurance is an affordable way to cover your family if something unexpected happens. These are the best term life insurance companies.

Jim Farmer is Managing Partner of Financial Strategies Group, a leader in the insurance industry providing clients with practical solutions. Professionals with high incomes are finding it increasingly ...

In a closely followed development, the National Association of Insurance Commissioners (NAIC) has adopted rules governing when a life reinsurance contract combining both yearly renewable term (YRT) ...

A federal appeals court just put life insurance policies on notice, ruling they’re securities – raising the compliance stakes for wealth managers and investment advisors nationwide. Pacific West ...

The use of private placement life insurance (PPLI) by high-net-worth individuals has generated considerable controversy over the years, with proponents arguing that it is a proper use of existing laws ...