TITLE

Tax Aspects of Life Settlement Arrangements

AUTHOR(S)
Gardner, Randy; Welch, Julie; Covert, Neil
PUB. DATE
February 2009
SOURCE
Journal of Financial Planning;Feb2009, Vol. 22 Issue 2, p32
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses tax regulations that investors need to consider when they decide to sell their life insurance policies for a lump sum payment. The amount of money that people can receive when they sell their life insurance policies is discussed. The varying amount of taxes that investors pay when they sell their life insurance policies are mentioned. Several different reasons why senior citizens sometimes sell their life insurance policies are discussed, including that they need money for their personal use, they cannot afford the life insurance policy or they need the money for medical care.
ACCESSION #
36617277

 

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