In considering how the new tax law affects your finances, the author of today’s article advises not to neglect its potential impact on your life insurance, noting that the “Tax Cuts and Jobs Act made significant changes that impact the use of life insurance as an estate protection vehicle and modified the tax ramifications of selling a life insurance policy on the secondary market as part of a life settlement.” For how the TCJA may have reduced the need for some individuals to have life insurance – and how it may make selling a life insurance policy on the secondary market more appealing – CLICK HERE.
