Group, Business, Retirement, and Tax: Rapid Fire
Chapters in this video
What this video covers
- Why the group sponsor owns the master policy, even when members pay premiums, and how contributory and noncontributory plans differ
- How conversion differs from portability when group coverage ends
- Who owns key-person and buy-sell coverage, and why the written agreement creates the purchase obligation
- How a life settlement transfers policy ownership, premium responsibility, and the death benefit
- How to calculate a coverage gap without double-counting resources, while weighing duration and affordability
- How qualified-plan status, vesting, and Social Security retirement, disability, survivor, and family benefits differ
- How life insurance and annuity tax rules apply to premiums, death proceeds, group-term coverage, modified endowment contracts, and policy distributions
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This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Life and Health course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.