Archive: January 15th, 2013

Does Son Get Taxed with Mom’s Life Insurance?

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Does Son Get Taxed with Mom’s Life Insurance?News from Fox Business: Dear Insurance Adviser, I recently transferred ownership of my permanent life insurance to my son. I cannot afford the whole life policy anymore, and he doesn’t want to pay for it. I paid $ 79 a month for the past 15 years. I took [...]

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