Sentences with phrase «where ownership of the life insurance policy»

Not exact matches

You will not have to provide insurable interest if you are buying life insurance on behalf of your parents where they will assume ownership of the policy.

This will differ substantially from ownership of a whole life or a universal life insurance policy, where the underlying funds are typically chosen for the policy holder by the insurance carrier.

With this law, all situations where an employer will have full or partial ownership of a life insurance policy that is issued after August 17, 2006, regardless of the purpose of the policy, will need to meet certain requirements and follow specific guidelines to avoid potential taxation.

Based on this law, all situations where an employer will have full or partial ownership of a life insurance policy issued after August 17, 2006, regardless of the purpose of the policy, will need to meet certain requirements and follow specific guidelines to avoid potential taxation.