Transferring Ownership of Life Insurance

Transferring ownership of life insurance can be hard to understand in certain situations. In this Broker World July 2012 publication Russell Towers gives some insight. This article contains a summary of typical fact patterns when policy ownership is transferred. The article focuses on policy transfer from a qualified plan to a participant, policy transfer from an employer to employee, policy transfer from an individual to a third party, and sale of a policy from one ILIT to another ILIT.
Download a PDF of the article here or read it on the web.