10 Life Insurance Tax Facts to Know
Related: 11 Net Investment Income Tax Questions, Answered
Life insurance is an integral part of your client's overall financial plan. A breadwinner's untimely death can decimate a family's financial stability and future goals. But every client's situation is different, and advisors and agents have the responsibility of choosing the right type of life insurance for each client. Add to that the complex tax rules associated with payouts, viatical settlements and dividends, among other implications, and even the most seasoned financial planners can be stumped. In the gallery above are 10 important tax and financial planning questions agents and advisors should be aware of in regard to life insurance, according to ALM's Tax Facts Online. (Graphics: Chris Nicholls/ALM) ___________________
- Learn more with Tax Facts, the go-to resource that answers critical tax questions with the latest tax developments. Online subscribers get access to exclusive e-newsletters.
- Discover more resources on finance and taxes on the NU Resource Center.
- Follow Tax Facts on LinkedIn and join the conversation on financial planning and targeted tax topics.
- Get 10% off any Tax Facts product just for being a ThinkAdvisor reader! Complete the free trial form or call 859-692-2205 to learn more or get started today.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
