In a recent tax court decision, an individual was as determined for tax purposes to be the owner of assets in segregated asset accounts held for the benefit of private placement variable life insurance policies.
Insurance Planning Risk Management
The prolonged low-interest-rate environment can have a dramatic effect on universal life insurance policies.
This exhibit accompanies the Personal Financial Planning column in the June 2014 issue of The Tax Adviser.
“Pension rescue” is a sales concept used to help sell life insurance. The problem with pension rescue is that it is based on a valuation of the life insurance policy that may not hold up to IRS scrutiny.