If you want to update a cash-value life insurance policy or annuity, you may have heard of the 1035 exchange. This IRS provision, based on Section 1035(a)(3) of the IRS code, allows you to exchange ...

Planning Point: By linking two distinctly fundamental needs, such products have earned the moniker “combination”, “hybrid”, “linked-benefit” or “asset-based long-term care”. There is no legal ...

The U.S. Treasury Department is seeking to curtail the use of bespoke life insurance policies and annuities by wealthy individuals and families to minimize their tax obligations. The proposal is ...

What Is a Life Insurance Annuity? A life insurance annuity is a unique product that combines life insurance and an annuity. It is essentially a contract between an individual and an insurance company ...

Life insurance for the affluent offers tax-free inheritance, investment growth, and wealth protection. Discover these financial strategies to maximize your estate.