You might be using an unsupported or outdated browser. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge ...

"The things you do for yourself are gone when you are gone, but the things you do for others remain as your legacy." - Kalu Ndukwe Kalu C reated to own and control a life insurance policy or policies ...

Created to own and control, a life insurance policy for while the insured person is alive, an irrevocable life insurance trust (ILIT) is a sometimes recommended by estate and planners. ILITs also ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor ...

Learn the ins and outs of collateral assignment in life insurance policies, how it secures loans, and what it means for your beneficiaries.

Many people don’t put a lot of thought into their life insurance. They choose it, pay the premiums, and tend to think of it only in terms of providing financial security for the policy’s beneficiaries ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Insurance is one of the best ways if ...

Life insurance is usually something you buy earlier in life to protect your children, spouse or both if you die while they depend on your income. However, as a senior, your financial landscape has ...

Click here to BUSINESS CONTINUATION AGREEMENTS are often partially funded or totally funded with life insurance. Most, if not all, of the life insurance proceeds are includable in the estates of the ...

On Dec. 1, 2011, the Internal Revenue Service issued Revenue Ruling 2011-28, 1 which finally clarified that a life insurance policy in an irrevocable trust isn't included in the grantor's estate if ...