Life insurance is one of the first investments that many people make when solidifying their financial future. There are a lot ...

Life insurance is one of the first investments that many people make when solidifying their financial future. There are a lot of terms that are unique to life insurance, and some can be confusing. If ...

During the recently concluded 2022 National Council of Insurance Legislators (NCOIL) Summer National Meeting in Jersey City, NJ, the organization unanimously adopted a Resolution Identifying Certain ...

The National Council of Insurance Legislators (NCOIL) unanimously agreed to waive a red flag protesting insurers’ offers of enhanced cash surrender values. At its summer meeting, NCOIL adopted a ...

When shopping for life insurance, you can typically choose between a term life insurance policy or a permanent life insurance policy. Permanent life insurance policies last a lifetime and commonly ...

The Tax Court held that the value includible in a taxpayer’s gross estate for a receivable created under split-dollar life insurance arrangements was the stipulated value of the receivable created by ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...

When it comes to evaluating existing life insurance policies that have outlived their original intent, policyowners and their professional advisors are often stuck in stasis, a condition of inactivity ...

Life insurance policies, especially endowment plans or those with a savings/investment component, are long-term commitments. But financial circumstances can change. Maybe you lose a job, or other ...

Editor’s Note: The 2017 tax reform legislation reversed the IRS position in Revenue Ruling 2009-13, and instead now provides that in determining basis, no adjustment is made for mortality, expense or ...