Mutually Speaking
Understanding Trump Accounts
A Trump Account is a tax-advantaged investment account designed to help a child build long-term savings. It works like a traditional IRA for a child, and special rules apply while the child is under age 18. These accounts were created under IRC §530A. This article is meant to help readers understand how Trump Accounts work and…
Categories:
Tax Implications of 1035 Exchanges
Typically, when a policy owner withdraws money from or surrenders (cancels) a permanent...
What to Expect from a Life Insurance Medical Exam
When you apply for life insurance, you may be asked to undergo a medical exam. This exam...
Employer-Sponsored Group Term Life Insurance vs. Individual Life Insurance
When you start a new job, you may be given a benefits package that includes a life...
Understanding Family SGLI: Is It Enough?
Upon joining the military, a servicemember is automatically provided with $500,000 of...
Converting Term to Permanent Insurance
Term and permanent life insurance can play different roles in your insurance strategy....
Life Insurance and Taxes
Nothing is certain except death and taxes – except when it comes to life insurance. In...