The court's decision shows that simply including restrictive language in a variable life insurance policy
contract that prohibits all communications between a policyowner and investment manager regarding the selection of specific investments within the underlying account is not sufficient to prevent the policyowner from being treated as the owner of the underlying assets if he or she fails -- directly or indirectly -- to adhere to these restrictions.
The three trusts are the owners and sole beneficiaries of a $20 million individual variable life insurance policy
on Scooter Stuart.
Carolyn McGowen purchased a variable life insurance policy
on her life for a single premium of $500,000 in 1986.
A Variable Life Insurance Policy
Performance section would set rules for communications presenting variable life policy performance data and illustrations of how the policy might perform in the future.
Question--Does the sale of a variable life insurance policy
raise any special concerns or risks?
Raiford priced a $1 million variable life insurance policy
for a healthy 40-year-old man in New York.
This tool uses Monte Carlo simulations and evaluates the probability that a variable life insurance policy
will mature according to expectations or disappear before the client's eyes.
We have two favorites: a variable life insurance policy
inside a voluntary employee beneficiary association (VEBA) and a 401(h) plan.
A variable life insurance policy
is a security, and the sale of such a product in the secondary market is a securities transaction subject to NASD rules.
For example, in reminding regulated persons of their duties regarding suitability, the Notice states, "[the sale of an existing, in-force] variable life insurance policy
is not necessarily suitable for a customer simply because the settlement price offered exceeds the policy's surrender value." The Notice states that the seller may have a continued need for coverage and should fully understand the tax and other implications relating to a replacement life insurance policy if the transaction contemplates a replacement for the policy sold.
The first thing Jones had the Jacksons do is take out a variable life insurance policy
. A variable life insurance policy
has wealth accumulation and protection features.
You may also want to consider taking out a variable life insurance policy
. Variable life policies are more expensive and have some investment risk, but there are conservative investment choices available within them.