We are the leading distributor of life insurance
through wire houses, banks and independent broker/dealers.
There is not a major factor of growth in the secondary market for life insurance
originating with speculator-induced life insurance
," Head said, adding there are no data on stranger-initiated transactions.
Certain life insurance
policies can help build wealth by serving as tax-deferred vehicles in which investment returns grow, building up cash value.
One possible solution is to have the irrevocable trust own an asset that produces sufficient income to pay the life insurance
premiums without requiring additional contributions.
Universal Life Insurance
--An adjustable universal life insurance
policy provides both a death benefit and an investment component called a cash value, which earns interest at rates dictated by the insurer.
Today, the Federal Trade Commission estimates that $500 million in life insurance
policies are sold annually on the secondary market.
Equally important to acquiring a "key person" life insurance
policy is making sure that it has been structured to allow for clear access to the proceeds.
Agents who sell variable life insurance
products must be registered with the National Association of Securities Dealers and have additional state licenses.
USLIFE Corporation is a life insurance
-based holding company whose principal subsidiaries engage in the life insurance
The 1984 tax law removed the tax advantages of discriminatory group life insurance
Halifax, Nova Scotia, merged into Manufacturers Life Insurance
New proposed regulations (NPRM REG-126967-03) provide that any life insurance
contract transferred from an employer or a tax-qualified plan to an employee is taxable at fair market value (FMV).
As part of that plan, she recommended that the Bufords increase their life insurance
coverage to two policies worth $2.
120, Accounting and Reporting by Mutual Life Insurance
Enterprises and by Insurance Enterprises for Certain Long-Duration Participating Contracts, applies to mutual life insurance
enterprises, assessment enterprises and fraternal benefit societies, all of which are referred to as mutual life insurance
He will serve concurrently as president-chief executive officer of All American Life Insurance
Company, a position he has held since April 1990 when he joined USLIFE Corporation.