The Financial Supervisory Service (FSS) decided on the 1st not to permit Samsung Life Insurance to apply an exceptional accounting treatment known as “deviant accounting,” which had previously allowed ...

Variable life insurance is a permanent life insurance policy with an investment component. Learn more about how it works and ...

Life insurance strategies could help wealthy families remove assets from their estates while acting as the collateral for loan financing and a source of tax-free distributions. These possible benefits ...

Recent increases in market interest rates are leading some banks to consider surrendering their bank-owned life insurance to reinvest the proceeds (net of a tax charge) in a new BOLI policy with a ...

Age directly impacts life insurance premiums. Learn why buying younger saves money and how actuarial tables play a role in ...