A split-dollar life insurance policy is when two (or more) parties share the cost, ownership and benefits of a life insurance policy. It’s commonly used in employee compensation packages for ...

The self-reported gap in life insurance ownership between men and women grew to its biggest point since the Insurance Barometer study began. The most recent version of the study showed that 57% of ...

At 33, Sarah from Denver was surprised to learn that her parents had taken out a $500,000 whole life insurance policy on her ...

Conyers has recently seen a significant increase in the use of trusts in the structuring of insurance transactions entered into by Cayman ...

Baby boomers, 57% of who own life insurance, are followed closely by members of Generation X with a 55% rate of ownership. Only 36% of adults who belong to Gen Z, the youngest generation surveyed ...

The Alarming Protection Gap Life insurance ownership in America has declined dramatically—from 77% of households in 1989 to just 52% in 2023. For younger generations, the statistics are even ...

The gender gap in life insurance ownership has also widened, with women less likely than men to have life insurance (46 percent versus 57 percent). The 11-percentage point gap is the largest ...

Transfer the policy ownership and beneficiary interest to your favorite charity, which is generally possible with permanent life insurance. After taking ownership, the charity may opt to surrender ...

Women also said that they need life insurance. In fact, 44% of them said they need life insurance, or they need more life insurance. This represents about 54 million adults, Salka said.

Those commentators who in the past reflexively resisted life insurance, especially IUL, are forced to rethink their criticisms. By every measure and metric, a sober analysis of the benefits of the ...

Life Insurance Ownership Even though life insurance proceeds are income tax-free, the cash value, or the death proceeds may be subject to estate taxation. If you own life insurance for yourself ...