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IRS taxes cash surrender value of split-dollar life policy placed in trust for benefit of executive.: An article from: The Tax Adviser
Book (American Institute of CPA's)
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Price: $5.95
cash surrender value life insurance FAQ
That's horrible that you were misled about the cash value and what life insurance main purpose is suppose to be. Well, you already know that cash value doesn't pay out to the beneficiary when the insured dies. Life insurance main purpose is to protect
You are correct. To bad you had to learn the hard way. More life insurance agents need to be honest. And, the Department of Insurance needs to do a better job of educating the consumer.
cash surrender value life insurance news
Weyco Reports Fourth Quarter and Full Year 2011 Results
FOURTH QUARTER
Net sales for the fourth quarter were $75 million, up 20% compared to fourth quarter 2010 sales of $62 million. Operating earnings for the fourth quarter of 2011 were $8.9 million, compared to $7.2 million in 2010. Net earnings attributable to the Company were $5.5 million, compared to $5.1 million in 2010. Diluted earnings per share increased to $.50 per share in 2011 from $.45 per share in the fourth quarter of 2010. The increase in 2011 sales was primarily due to the Company's March 2, 2011 acquisition of the Combs Company ("Bogs"), the owner of the BOGS and Rafters footwear brands. The financial results of Bogs are included in the Company's consolidated financial statements from the date of acquisition.
Source: MarketWatch (press release)