Life Insurance – Understanding the Tax Implications

Permanent life insurance policies (often referred to as “Whole Life Insurance”) are a contract between a policyholder and an insurance company whereby the insurance company promises to pay a designated beneficiary a sum of money (a death benefit) upon the death of an insured in exchange for a premium. In most cases, when the designated…

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Net Unrealized Appreciation: A Tax Saving Opportunity

Net Unrealized Appreciation Net unrealized appreciation (NUA) is a favorable tax planning opportunity that can often save a taxpayer tens of thousands of dollars.  However, this tax planning opportunity is often underused because most people are unaware of its existence.  In order to utilize this tax planning opportunity, an employee must own company stock in…

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