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VUL offers three death benefit guarantee options. (Aetna Life Insurance and Annuity's new variable universal life insurance policy)
National Underwriter Life & Health-Financial ServicesEdition
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June 21, 1993|
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COPYRIGHT 1993 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Aetna Life Insurance and Annuity's latest variable universal life policy goes after death benefit guarantees in a big way.
Called Aetnavest Plus, the third-generation product offers a built-in guaranteed death benefit option which is available at three different premium levels, rather than just one premium level as is common to most such guarantees.
The premium level selected determines the length of the guarantee period-five years, to age 80, or to age 100.
Example: If a 45-year-old man, rated preferred nonsmoker, purchases a policy with a ...
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Don't pass up the tax avantages of life insurance.(Special Advertising Section)
Magazine article from: Arkansas Business
; ...pay a premium in exchange for a specified death benefit. Permanent life insurance policies provide a death benefit and build cash value. Examples of permanent...these policies grow tax-deferred and the death benefit is usually income tax-free. However, the...primarily purchases life ...
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Are you losing 30 percent of your insurance premiums?(Blackman On Taxes)
Magazine article from: Modern Machine Shop
; ...die, the ILIT received the $3 million death benefit. The entire profit, almost $2 million...was paying $31,430 for a $3 million death benefit. He was over-paying the early premiums...be traded up (tax-free) for a larger death benefit without any further cash premiums...
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Life insurance check-ups are necessary.(Personal Finance)(life insurance policy reviews)
Magazine article from: Healthcare Financial Management
; ...coverage is still needed, adequacy of the death benefit should be examined. The policyholder...and, eventually, reductions in the death benefit to maximize policy cash values. A person...purchase paid-up additions to increase the death benefit without evidence of insurability or...
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Investing in Stranger's Life Insurance Carries Big Risks.(viatical transaction warning, electric utilities deregulation)(Brief Article)
Magazine article from: Los Angeles Business Journal
; ...something less than the value of the death benefit. Your payment is divided three ways...When the insured person dies, the death benefit -- or the fraction you bought -- is...difference between what you paid and the death benefit you collect. Your projected return...
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Life insurance basics.(Finance)
Magazine article from: National Fisherman
; ...Whole life has two components: the death benefit and cash value. The cash value of the...whole life, and the premiums and/or death benefit may decrease if lower-than-expected...under*funded. * Variable life. The death benefit and cash value of variable life insurance...
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Expanding Tax-Favored Retirement Benefits.
Magazine article from: The National Public Accountant
; ...be split--the company will own the death benefit while the owner will own the cash value...force, the corporation will get the death benefit should the owner die prematurely. When...costs and the owner will then own the death benefit. The owner will also have the cash...
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Life insurance...and...trust? (Advertising Supplement: Executive Health).
Magazine article from: San Diego Business Journal
; ...heard one person who ever received a death benefit check say, 'I don't like life insurance...I need this policy? 2. How was the death benefit determined? 3. How was the premium...more tax-efficient way to pay for my death benefit? 6. Am I doing this for an investment...
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Tax law changes can affect life insurance decisions. (Personal Finance).(Brief Article)
Magazine article from: Healthcare Financial Management
; ...paid-up additions that increase the death benefit. The insurance company's most recent...longer needs to build an increasing death benefit. Therefore, she can reduce the gifts...option would stop the growth of the death benefit. It also would reduce Mary's annual...
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Post-1996 Viatical settlements under Section 101 of the Internal Revenue Code.
Magazine article from: The National Public Accountant
; ...tax treatment of these accelerated death benefit payments or Viatical settlements is...consideration of a payment of an accelerated death benefit by the company (not the company that...issued the policy and the accelerated death benefit is paid pursuant to a contract term...
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A Taxing Situation.
Magazine article from: Risk & Insurance
; ...owns the policy and endorses the net death benefit to the employee's beneficiary. In either...the beneficiary receives the pure death benefit protection of the policy and the employer...arrangement, i.e., the value of the death benefit protection, which generally equates...
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