There are significant federal tax benefits in purchasing long-term care insurance, but like everything else in life and business ... What is the tax treatment for an individual long-term care ...

Life insurance is considered intangible personal ... The significance of this election deals with the U.S. tax treatment of the offshore life insurer’s separate account investments.

Q: I’ve maxed out my savings with my Thrift Savings Plan and my Roth IRA. A financial adviser has suggested I invest in an equity-indexed universal life insurance plan because of the great tax ...

Life insurance is probably the least sexy area ... so we cannot have a bunch of ultra-rich tax dodgers abusing its special tax treatment to set up tax-free hedge funds and shelter oodles of ...

She possesses substantial private and public equities and has already utilized her lifetime exemption. She also believes her children have sufficient resources. Her $70 million investment generates ...

Ans. In the present provisions, in the case of Unit Linked Insurance Policy, even where payable premium exceeded 10 percent of the sum assured, the sum received on redemption was not being charged to ...

Supreme Court to decide estate tax impact of life insurance in closely held businesses This term, the Supreme Court will answer the questions regarding the estate tax treatment of life insurance ...

Matthew Roberts is a tax attorney who covers tax litigation and fraud. Under a split-dollar life insurance arrangement, a third party pays the insurance premiums on an insured person but maintains ...

The Union Budget 2025 clarifies the tax treatment of Unit Linked Insurance Policies (ULIPs), aligning them with other ...

Budget 2025 clarifies how taxable income from life insurance policies, especially ULIPs, should be treated, helping taxpayers ...

Conventional wisdom recommends diversifying investment holdings so that when one sector or asset class dips, another can make up the difference. And, for the average individual, diversification ...