Over the past couple of years, there have been numerous articles and presentations at professional seminars on the use of private placement life insurance and annuity products. The primary focus has been the overall tax benefits of investing in a tax-neutral holding vehicle.1 In many situations, the required life insurance coverage is simply considered a “cost” of getting the tax deferral. However, as a practical planning tool, life insurance coverage for death-benefit purposes is needed in ...

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