The Journey of a Life Insurance Policy Through the Tax Code
Life insurance can play an important role in a client’s financial strategy, but the tax considerations can be complex. The Journey of a Life Insurance Policy Through the Tax Code provides an overview of key tax concepts throughout a policy’s life cycle, including premium payments, policy value growth, exchanges, transfers, distributions and death benefits.
Use this resource as a conversation-preparation tool when working with clients, especially when discussing policy loans, 1035 exchanges, ownership changes, business-owned life insurance or estate strategy considerations. It can help you identify important questions and recognize when a client should involve their tax or legal professional.
The companies of National Life Group and their representatives do not offer tax or legal advice. Please encourage your clients to consult with their appropriate professional advisor. TC9100931(0826)3
