Managing Life Insurance Policies

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T06:27:11.000
dc.date.accessioned 2020-06-29T22:57:14Z
dc.date.available 2020-06-29T22:57:14Z
dc.date.embargo 2017-12-19
dc.date.issued 2013-07-12
dc.description.abstract <p>With the increase in valuation in recent years of many farm and ranch estates, one would reasonably expect that life insurance policies would receive at least as much planning attention as in prior years but that appears not to have been the case.1 In one instance, recently, an estate planner advised an 87-year old client to “get rid of” a $50,000 policy with an income tax basis of just over $11,000, setting the stage for gain of $44,000 on redemption of the policy. Even though investments in farm and ranch land have elevated many farm and ranch estates to record levels well beyond the wildest expectations of the families involved, management of life insurance policies remains an important part of the overall estate planning process.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol24/iss14/1/
dc.identifier.articleid 2186
dc.identifier.contextkey 11273554
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol24/iss14/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3666
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol24/iss14/1/AgLawDigest_v24n14_01.pdf|||Fri Jan 14 17:51:01 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 Managing Life Insurance Policies
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 04177564-df9f-482c-a2d6-26c7db34e1cf
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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