Author: GGC Editorial Team

Premium Payment Options

Choosing a Premium Payment Schedule for Generational Planning

Ownership Changes

How Whole Life Policy Ownership Transfers Are Treated

Tax Advantaged Distributions

How Whole Life Policy Loans, Dividends, and Withdrawals Work

Cash Value Taxation

Understanding Tax Considerations in Whole Life Insurance

Dividend Withdrawals

Understanding Dividend Withdrawals in Whole Life Insurance

Paid-Up Additions

PUA’s Explained: Building Policy Value Over Time

Policy Loans

Understanding Policy Loans and Non-Direct Recognition

Parties to the Contract

Policy Ownership and Transfers in a Generational Gifting Plan

Beneficiary Arrangement

Life Insurance Beneficiaries Explained for Generational Gifting Plans

Utilizing a Trust

Understanding How Trusts May Be Used in a Generational Gifting Plan