An Improperly Cancelled or Lapsed Life Insurance Policy Can Lead to Taxable Income

LIFE INSURANCE STRATEGIES

A recent Tax Court decision, Estate of Feder, T.C. No. 1628-10, T.C. Memo. 2012-10, January 10, 2012, shows advisors that the Tax Court had no trouble ruling that the taxpayer, Yulia Feder, received taxable income on the lapse of her old Northwestern Mutual life insurance policy despite the fact that she did not receive any cash from the […]

THE VAULT: Asset Protection, Cash Alternatives and Life Insurance – UPDATED

VAULT

In the week ending august 14th another 24 Billion dollars left the securities market for the relative perceived safety of cash. These billions  of dollars simply added to the trillions of dollars already allocated that way because of fears of instability in the securities and real estate markets.  This large liquidity position has not gone un-noticed, unfortunately […]