Private placement life insurance can reduce the hardship they create for heirs. Although the Senate Finance has recently ...

However, establishing a trust can be a rather complicated process. Read our following guide to life insurance trusts to learn more about how they work, their pros and cons and how to set one up to ...

However, establishing a trust can be a rather complicated process. Read our following guide to life insurance trusts to learn more about how they work, their pros and cons and how to set one up to ...

Which strategy is best for your legacy goals? Understand the tax implications, benefits and drawbacks of each strategy.

The 2024 Insurance Barometer Study, conducted jointly between LIMRA and Life Happens, surveyed 454 LGBTQ+ Americans between the ages of 18 and 75 to gain insights into the attitudes and behaviors ...

Some people set up what’s called an irrevocable life insurance trust (ILIT) to hold the policy. If properly set up, an ILIT can help maximize the benefits of their policy.

Parents/spouses frequently establish an irrevocable life insurance trust (ILIT) in which the trust is both the owner and beneficiary of life insurance policies on the settlor's life, with the ...

Permanent life insurance generally provides lifelong coverage. Term life insurance is meant to cover you for a set period of time. For example, if you buy a 30-year term life policy, you will lock ...