Transferring life insurance policies by gift

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dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-18T11:51:56.000
dc.date.accessioned 2020-06-29T22:59:25Z
dc.date.available 2020-06-29T22:59:25Z
dc.date.embargo 2017-05-22
dc.date.issued 1993-04-16
dc.description.abstract <p>In order to avoid inclusion of the proceeds of life insurance policies in the gross estate for federal estate tax purposes, policies are often transferred by gift during life. If transferred more than three years before death, the proceeds are ordinarily not included in the gross estate. However, assignment of a life insurance policy without retaining incidents of ownership constitutes a gift for federal gift tax purposes. Payment of life insurance premiums on a policy owned by another is a gift of the premium amount.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol4/iss8/1/
dc.identifier.articleid 1182
dc.identifier.contextkey 10196819
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol4/iss8/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3990
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol4/iss8/1/AgLawDigest_v04n08_01.pdf|||Fri Jan 14 17:39:23 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Transferring life insurance policies by gift
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication edea414f-af5e-4d3a-b9d6-9b48ddbe83f5
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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