Original carrier announcements that are highlighted below are available upon request. Contact Russ Towers   Genworth   Effective August 17, 2015, Genworth has increased the Total Living Coverage (TLC) credited interest rate from 3.60% to 3.85% on new policies. With this update, TLC will have an average advantage of 30% higher leverage on both […]

Life Insurance Ownership Changes & the “Transfer for Value Rule” of IRC Section 101

Life insurance policies sometimes have a need to be transferred from the original policy owner to a new policy owner. When a transfer of ownership takes place (absolute assignment or change of ownership form), financial professionals should be concerned about the so-called Transfer for Value Rule (TFV) and qualifying for one of the TFV exceptions. […]