Survivorship Universal Life Policy with Indemnity Joint LTC Rider Owned by an ILIT
A popular new product that has aroused the interest of many estate planners is a Guaranteed No-Lapse Survivorship Universal Life (SUL) Policy with an indemnity joint long term care (LTC) rider. This type of policy would typically be owned by an irrevocable life insurance trust (ILIT) to provide an income and estate tax-free death benefit at the second […]