Life insurance is designed to provide financial protection, but life happens, and your needs might shift. If you have a permanent policy, it could have built-up cash value, giving you the option to ...

You may be able to cancel your life insurance policy and get your money back if you are still within the free look period, in ...

Discover nonforfeiture clauses in insurance, which protect benefits. Learn about cash surrender, extended-term insurance, ...

The Internal Revenue Code does not explicitly provide for the tax treatment of increases in the cash surrender value of a life insurance policy unless those values are accessed, directly or indirectly ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...

The National Council of Insurance Legislators (NCOIL) unanimously agreed to waive a red flag protesting insurers’ offers of enhanced cash surrender values. At its summer meeting, NCOIL adopted a ...

If you’re reading this post, you survived the Thanksgiving holiday – hopefully, without much family drama.[i] Then again, there may have been moments, inspired by an overload of obligatory ...

During the recently concluded 2022 National Council of Insurance Legislators (NCOIL) Summer National Meeting in Jersey City, NJ, the organization unanimously adopted a Resolution Identifying Certain ...

The Tax Court held that the value includible in a taxpayer’s gross estate for a receivable created under split-dollar life insurance arrangements was the stipulated value of the receivable created by ...

Life insurance is one of the first investments that many people make when solidifying their financial future. There are a lot of terms that are unique to life insurance, and some can be confusing. If ...